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31650629
31650635

675 Johanna Ave, Sunnyvale, CA 94085 For Sale

MZ
CA CA 01870648
Marcus & Millichap - Palo Alto
MG
CA 02243535
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto
$1,900,000
96 days on market
Updated 96 days ago

675 Johanna Avenue

Details
APN 205-17-048
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,940
Units 7
Cap Rate 5.69%
NOI $108,182
Occupancy 71.43%
Pro-Forma Cap Rate 7.79%
Pro-Forma NOI $148,005
Price per SqFt $646
Year Built 1948
Buildings 1
Stories 2
Acreage 0.240
Parking Spaces 12 spaces
Parking per 1,000 SqFt 4.08
Investment Type Value Add
Ownership Fee Simple

675 Johanna Ave, Sunnyvale, CA 94085

Marketing description

The Zurich Group of Marcus & Millichap is pleased to present 675 Johanna Avenue, a seven-unit apartment community located in the heart of Sunnyvale, California. Constructed in 1948 and situated on a 0.24-acre lot, the property offers a well-maintained asset in a highly desirable Silicon Valley location. The unit mix consists of seven 1-bedroom, 1-bathroom units, supported by on-site laundry and an exceptional parking offering including five private garages and seven additional on-site parking spaces. The property is ideally positioned less than 2 miles from Downtown Sunnyvale and the Sunnyvale Caltrain Station, providing residents convenient access to regional transit, dining, retail, and entertainment. It also benefits from excellent connectivity via Highway 101, State Route 237, and Lawrence Expressway. 675 Johanna Avenue is surrounded by major Silicon Valley employers including Google, Apple, NVIDIA, and leading semiconductor firms, driving consistent rental demand. With strong in-place performance, long-term employment drivers, and a supply- constrained Sunnyvale housing market, the property represents a compelling opportunity to acquire a stable multifamily asset with 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

  • Seven-unit apartment community in the heart of Sunnyvale
  • Less than 2 miles from Downtown Sunnyvale and Caltrain Station
  • Surrounded by major tech employers including Google, Apple, NVIDIA, and leading semiconductor firms
  • Exceptional parking offering with five private garages and seven additional on-site spaces
  • Strong rental demand in a supply-constrained Silicon Valley submarket

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
$108,182.00
$9,015.17/mo

Valuation Metrics

0
DSCR
5.69%
Cap Rate
5.69%
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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