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32725304
32725305

370 N Fair Oaks Ave, Sunnyvale, CA 94085

RJ
CA 01853816, CA CA 01853816
Marcus & Millichap - Palo Alto
AL
01462752
Listed by Marcus & Millichap - Palo Alto
$3,650,000
21 days on market
Updated 21 days ago

370 N Fair Oaks Ave, Sunnyvale, CA, 94085

Details
APN 205-30-013
Property Type Multifamily
Square Footage 4,400
Units 10
Cap Rate 4.33%
NOI $158,029
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 5.11%
Pro-Forma NOI $186,648
Price per SqFt $830
Year Built 1953
Lot Size (SqFt) 13,529
Zoning R3
Investment Type Stabilized

Prime 10-Unit Sunnyvale Property: Immediate Cash Flow with Major Cost Seg Depreciation Potential

Marketing description

370 N Fair Oaks Ave is a prime 10-unit investment opportunity located in the thriving city of Sunnyvale, California.

Situated on a 13,529 square foot parcel of land, the subject property was originally constructed in 1953 and has a gross building area of approximately 4,400 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. The property features convenient amenities such as an on-site laundry facility and private tenant parking.

Sunnyvale is bordered by Cupertino to the south, Santa Clara to the east, Moffett Federal Airfield to the north and Google's home of Mountain View to the immediate northwest. While serving as the bustling home to major tech, aerospace and aviation employers, Sunnyvale also offers a fantastic park and bike trail system, great schools, and a revitalized downtown area filled with boutiques and restaurants. Sunnyvale's food, drink, and entertainment options can keep even the most discerning foodie satisfied. Local favorites include Fault Line Brewing Company, Philz Coffee, the Sunnyvale Farmers Market, and Murphy Avenue from end to end.

The city is also home to several notable attractions such as the Sunnyvale Municipal Golf Course, Baylands Park, and the NASA Ames Space Center. Other nearby attractions include Apple Park, California's Great America, Levi's Stadium, and the Winchester Mystery House.

The investment appeal of this asset is driven by Sunnyvale's strong employment fundamentals and low vacancy levels. With a world-class location in South Bay, 370 N Fair Oaks Ave presents an attractive choice for South Bay renters due to its close proximity to major employers, shopping, dining, and entertainment options.

Investment highlights

  • Prime Silicon Valley Investment Opportunity - Investors have the opportunity to acquire a premier multifamily asset in one of the most dynamic and desirable locations in the Silicon Valley.
  • Convenient Tenant Amenities – The subject property offers tenants convenient community amenities such as an on-site laundry facility and private parking.
  • Prime Sunnyvale Location - The subject property is located within walking distance to Downtown Sunnyvale, home to a myriad of shopping, dining, and entertainment options.
  • Notable Local Attractions - The subject property is located by several notable attractions such as the Sunnyvale Municipal Golf Course, Baylands Park, and the NASA Ames Space Center.

Listing Contacts

RJ
CA 01853816, CA CA 01853816
Marcus & Millichap - Palo Alto
AL
01462752
Listed by Marcus & Millichap - Palo Alto

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$158,029.00
$13,169.08/mo

Valuation Metrics

0
DSCR
4.33%
Cap Rate
4.33%
ROI

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Additional Information

Name
Tony Solomon
License
CA 1238010
Title
Broker of Record
Name
Robert Johnston
License
01853816
Brokerage
Marcus and Millichap
Brokerage Phone
6503911744
Brokerage Address
2626 Hanover Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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