370 N Fair Oaks Ave is a prime 10-unit investment opportunity located in the thriving city of Sunnyvale. Situated on a 13,529 square foot parcel of land, the subject property was originally constructed in 1953 and has a gross building area of approximately 4,400 square feet, offering its tenants beautifully… Read More designed two-bedroom and one-bedroom floor plans. The property features convenient amenities such as an on-site laundry facility and private tenant parking. Sunnyvale is bordered by Cupertino to the south, Santa Clara to the east, Moffett Federal Airfield to the north, and Mountain View to the immediate northwest. While serving as the bustling home to major tech, aerospace, and aviation employers, Sunnyvale also offers a fantastic park and bike trail system, great schools, and a revitalized downtown area filled with boutiques and restaurants. Sunnyvales food, drink, and entertainment options can keep even the most discerning foodie satisfied. The investment appeal of this asset is driven by Sunnyvales strong employment fundamentals and low vacancy levels. With a world-class location in South Bay, 370 N Fair Oaks Ave presents an attractive choice for South Bay renters due to its close proximity to major employers, shopping, dining, and entertainment options. Read Less
Courtesy of Marcus & Millichap, Adam S. Levin 650-492-0934
Listing Snapshot
Days Online
0
Last Updated
Property Type
Five Or More Units
Square Ft.
4,400
Lot Size
0.31 Acres
Year Built
1953
MLS Number
ML82047696
30 Days Snapshot Of 94085
$1.60M
+3%
(avg) sold price
22
+46%
homes sold
28
+21%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 13529.00, Max Area Units: Square Feet, Lot is 0.31058310376492 acres
Accessibility Features
None
Building
4,400 structure square feet, Age: 73, Built in 1953, 1 building, 6 minimum units in complex
Cooling
None
Foundation
Concrete Slab
Garage
Assigned Spaces, Common Parking Area, Parking Area
Water Features
Public
Heating
Wall Furnace
Tenant Pays
Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 88367
Parking
10 parking spaces
Property
Zoning: R3
Roof
Composition
Security Features
None
Taxes
Annual tax amount: $43,195
Sewer
Sewer - Public
Utilities
Separate Electric, Separate Gas, Individual Electric Meters, Individual Gas Meters
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