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33258849
33258818

960-962 W. Weddell Dr, Sunnyvale, CA 94089

MZ
CA CA 01870648
Marcus & Millichap - Palo Alto
MG
CA 02243535
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto
$4,775,000
61 days on market
Updated 11 days ago

Ponderosa Apartments

Details
APN 110-12-061,110-08-021
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 8,300
Units 20
Cap Rate 5.53%
NOI $264,092
Occupancy 85%
Tenancy Multi
Pro-Forma Cap Rate 6.99%
Pro-Forma NOI $333,833
Price per SqFt $575
Year Built 1961
Buildings 2
Stories 1
Acreage 0.730
Parking Spaces 27 spaces
Parking Per SqFt 3.25
Investment Type Value Add
Ownership Fee Simple

960-962 W. Weddell Dr, Sunnyvale, CA 94089

Marketing description

The Zurich Group of Marcus & Millichap is pleased to present 960–962 W. Weddell Drive, a 20-unit apartment community located on the highly desirable Sunnyvale/ Mountain View border. The property consists of two 10-unit buildings with a central pool courtyard, offering strong in-place cash flow with future rental upside. The unit mix includes nineteen studio units and one 1-bedroom unit occupied by the onsite manager, along with onsite laundry and approximately 27 uncovered parking spaces. Ideally positioned near Highway 101 and State Route 237, the property provides excellent commuter access throughout Silicon Valley. It is surrounded by major technology employers including Google, Apple, Amazon, LinkedIn, Microsoft, and the Moffett Park employment corridor, driving consistent rental demand. Residents also enjoy close proximity to Downtown Sunnyvale and Downtown Mountain View, offering abundant dining, retail, and entertainment amenities.

960–962 W. Weddell Drive represents a compelling opportunity to acquire a well-located multifamily asset in one of Silicon Valley’s most desirable rental submarkets. With strong in-place performance, long-term demand drivers, and proximity to major employment and lifestyle centers, the property offers both stable cash flow and continued rental growth potential.

Sunnyvale is a major city in Santa Clara County, California, located in the heart of Silicon Valley between Mountain View and Santa Clara. Incorporated in 1912, the city transitioned from an agricultural community to a global technology hub and now serves as one of the Bay Area’s most desirable places to live and work. As of 2024, Sunnyvale had an estimated population of 153,455 residents and 57,000 households. The city has a highly affluent demographic profile, with a median household income of approximately $181,000, among the highest in California. Sunnyvale’s population is exceptionally well educated — roughly 70% of adults hold a bachelor’s degree or higher, reflecting the area’s strong base of technology and professional employment. 

Sunnyvale is home to numerous major employers, including Google, Apple, Amazon, as well as a growing number of startups and advanced manufacturing firms. The city’s employment base benefits from its proximity to neighboring tech centers in Cupertino, Santa Clara, and Mountain View. 

Santa Clara County is located at the southern end of the San Francisco Bay Area and serves as the economic and geographic heart of Silicon Valley. As of 2024, the county had an estimated population of 1.94 million residents, making it the sixth most populous county in California. The region is known globally as a center for technology, innovation, and venture capital, home to many of the world’s leading tech companies and research institutions. 

Centrally positioned between major freeways and transit routes, Sunnyvale offers excellent access to the broader Bay Area, contributing to consistent demand for both residential and commercial real estate.


Investment highlights

  • Prime Sunnyvale / Mountain View border location
  • Surrounded by major tech employers including Google, Apple, Amazon, LinkedIn, Microsoft, and Moffett Park
  • Strong in-place cash flow with upside potential
  • One of Silicon Valley’s most sought-after rental submarkets

Listing Contacts

MZ
CA CA 01870648
Marcus & Millichap - Palo Alto
MG
CA 02243535
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$264,092.00
$22,007.67/mo

Valuation Metrics

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DSCR
5.53%
Cap Rate
5.53%
ROI

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Additional Information

Name
Mitchell Zurich
License
CA 01870648
Brokerage
Marcus & Millichap
Brokerage Phone
6503911824
Title
Senior Managing Director
Brokerage Address
2626 Hanover Street
Name
Matthew Gerry
License
02243535
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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