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$ 2,680,000
Est. payment | /mo
0.25 Acres Lot
$ 2,680,000
Est. payment | /mo
0.25 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82061216
HOA Y/N No
Year Built 1959
Annual Tax Amount $31,278
Lot Size 0.250 Acres
Property Description
Rare 7-unit apartment investment opportunity in Sunnyvale, offered at $382,857 per unit. The fully occupied property features an attractive unit mix of one three-bedroom/two-bathroom, two two-bedroom/one-bathroom, and four one-bedroom/one-bathroom units, totaling 5,217 square feet on a 0.25-acre lot. The well-maintained 1959-built property features dual-pane windows throughout and updated Siemens electrical sub-panels. Long-term ownership and current rents provide significant rental upside, with no citywide rent control ordinance currently in place. Sunnyvale's strong rental market has experienced nearly 10% year-over-year rent growth, supporting continued income growth. The property offers a 6.92% pro forma cap rate based on projected market rents. This offering provides an opportunity to acquire a fully occupied Sunnyvale multifamily asset with stable in-place income and a clear path to increased cash flow through unit turnover, consistent rent increases, and continued market rent growth.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R4
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 7
Roof Type Composition,Shingle
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Sunnyvale
High Schools Fremont
School District Other
Others
Tax ID 21103017
Special Listing Condition Standard
Listed by Jimmy Castellanos Marcus & Millichap #02024152