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Bobby Kelley

bobbykelley@compass.com +1(650) 885-8383

Listed by Jimmy Castellanos, DRE #02024152 • Marcus & Millichap

$ 2,680,000

Est. payment | -/mo

6 Beds

4 Baths

5,217 SqFt

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$ 2,680,000

Est. payment | -/mo

Save

6 Beds

4 Baths

5,217 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,217 sqft

Price per Sqft $513

MLS Listing ID ML82061216

Bedrooms 6

Full Baths 4

Year Built 1959

Lot Size 0.250 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

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 Sunnyvale

Zoning R4

Interior

Heating Central Forced Air - Gas, Wall Furnace

Cooling Window / Wall Unit

Flooring Carpet, Vinyl / Linoleum

Laundry Coin Operated

Exterior

Parking Features Covered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition,Shingle

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Tax ID 211-03-017

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(650) 885-8383

bobbykelley@compass.com

891 Beach St, San Francisco, CA 94109, USA

622 Grand Fir AVE Sunnyvale, CA 94086

Bobby Kelley

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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622 Grand Fir AVE