See all 25 photos
25 photos
Additional details
Listed by Jimmy Castellanos • Marcus & Millichap, DRE#02024152
$2,680,000
Est. payment /mo
6 Beds
4 Baths
5,217 SqFt
UPDATED:
Key Details
Property Type 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
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
Restrictions None
Tax ID 211-03-017
Security Features None
Special Listing Condition Not Applicable
Read Less Info
Copyright 2026 MLSListings Inc All rights reserved.
Nearby School & Business
Get More Information