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… Read More 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. Read Less
Courtesy of Marcus & Millichap, Jimmy Castellanos 408-483-5040
Listing Snapshot
Days Online
0
Last Updated
Property Type
Five Or More Units
Square Ft.
5,217
Lot Size
0.25 Acres
Year Built
1959
MLS Number
ML82061216
30 Days Snapshot Of 94086
$1.33M
-31%
(avg) sold price
16
+33%
homes sold
36
+33%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 10900.00, Max Area Units: Square Feet, Lot is 0.25022956841139 acres
Accessibility Features
None
Unit One
Rent: $2,485, 3 bedrooms
Unit Two
Rent: $1,580, bedrooms: 2
Unit Three
Rent: $1,500, bedroom 1
Building
5,217 structure square feet, Age: 67, Built in 1959, 2 buildings, Construction type: Wood Frame, 7 minimum units in complex
Cooling
Window / Wall Unit
Floors
Carpet, Vinyl / Linoleum
Foundation
Concrete Perimeter
Garage
Covered Parking
Water Features
Public
Heating
Central Forced Air - Gas, Wall Furnace
Laundry
Coin Operated
Tenant Pays
Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 56211
Energy Saving
Double Pane Windows
Property
Zoning: R4
Roof
Composition, Shingle
Security Features
None
Taxes
Annual tax amount: $31,278
Sewer
Sewer - Public
Utilities
Master Water, Separate Electric, Separate Gas, Individual Electric Meters, Individual Gas Meters
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