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33258927
33258926

430 Dunster Drive, Campbell, CA 95008 For Sale

MZ
CA CA 01870648
Marcus & Millichap - Palo Alto
OA
CA 02094498
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto
$4,300,000
95 days on market
Updated 46 days ago

430 Dunster Drive

Details
APN 305-21-021
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,204
Units 9
Cap Rate 4.79%
NOI $206,171
Occupancy 66.67%
Pro-Forma Cap Rate 5.03%
Pro-Forma NOI $216,214
Price per SqFt $693
Year Built 1958
Buildings 1
Stories 2
Acreage 0.296
Investment Type Stabilized
Ownership Fee Simple

430 Dunster Drive, Campbell, CA 95008

Marketing description

Fully Renovated Apartment Opportunity in Downtown Campbell: The Zurich Group of Marcus & Millichap is proud to present 430 Dunster Drive, a turn-key apartment complex in the highly desirable city of Campbell, California. Renovated, this nine-unit apartment complex offers modern interiors, upgraded finishes, and minimal immediate maintenance, providing new ownership with a true turn-key investment.

Unbeatable Location and Lifestyle in the Heart of Silicon Valley: Situated just ½ mile from Downtown Campbell, residents enjoy a vibrant, walkable neighborhood with boutique shops, artisanal cafés, popular restaurants, and lively weekend farmers’ markets. The Pruneyard is 1.5 miles away offering upscale dining, specialty retailers, fitness studios, and entertainment options. For luxury shopping and entertainment, Santana Row is just 2.5 miles away, featuring high end retail, trendy restaurants, rooftop bars, and community events. Commuters benefit from easy access to SR 17, SR 85, San Tomas Expressway, and I-280, making Silicon Valley’s top employers and destinations just minutes away.

430 Dunster Drive is a rare opportunity to acquire a fully leased, fully renovated apartment complex in one of Silicon Valley’s most desirable rental markets, offering strong cash flow today and long-term value tomorrow.

Turn-Key Investment with Almost ~$400K of Recent Upgrades | Extensive interior and exterior renovations, creating a modern, high-demand living experience and maximizing immediate rental income potential:

Known to the world as Silicon Valley, the San Jose metro is located at the southern end of the San Francisco Bay and encompasses Santa Clara and San Benito counties. A large portion of the area’s 1,315 square miles is unincorporated ranch and farmland. 

The metro contains roughly 2 million inhabitants, and more than half of the region’s residents reside in the city of San Jose. It is the metro’s largest city with more than 1 million residents, followed by Sunnyvale and Santa Clara. Venture capital funds received in the 1990s helped turn the area into the world’s most prominent technology hub — a distinction that still stands today.



Investment highlights

  • Fully Renovated Units: Modern Interiors With Dual-Pane Windows and Fresh Exterior Paint
  • Prime Location: Just Minutes from Downtown Campbell, The Pruneyard, and Santana Row
  • Turn-Key Investment: Fully Leased With Immediate Cash Flow, Strong Income Upside, and Long-Term Appreciation Potential
  • Unit Mix: (4) 2-Bed x 1-Bath Units & (5) 1-Bed x 1-Bath Units, Offering a Versatile Floorplan Mix
  • Six fully renovated units and one partially upgraded unit
  • Modern kitchens with stainless steel appliances, new cabinets, countertops, faucets, sinks, dishwashers, and garbage disposals
  • Updated bathrooms in all units featuring walk-in showers, new vanities, toilets, shower tiles, floor tiles, and lighted mirrors
  • All new windows with remote-controlled blinds, recessed lighting, and fresh  interior paint
  • New flooring and upgraded electrical sub-panels throughout
  • Fully refreshed exterior with new front and garage doors, new windows, and  fresh paint
  • Walkway maintenance and landscaping improvements
  • New water heater
  • The San Jose employment base contains almost 1.1 million workers, ranking the metro as one of the 35 largest job markets in the nation. 
  • There are 17 Fortune 500 companies headquartered in San Jose, including Intel, Cisco Systems, Apple Inc., eBay, Netflix and Alphabet. 
  • The area’s many institutions of higher learning, including Stanford University, San Jose State University and Santa Clara University, support these companies by graduating thousands of engineering and computer science students each year.

Listing Contacts

MZ
CA CA 01870648
Marcus & Millichap - Palo Alto
OA
CA 02094498
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$206,171.00
$17,180.92/mo

Valuation Metrics

0
DSCR
4.79%
Cap Rate
4.79%
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
Omid Azimzadeh
License
02094498
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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