425 S Mathilda Avenue
Downtown Sunnyvale Residential Development
Marketing description
Avison Young is pleased to present the opportunity to acquire 425 South Mathilda Avenue, a ±0.75 acre high-density residential development site in the heart of Downtown Sunnyvale, California.
The property is located within Block 14 of Sunnyvale’s Downtown Specific Plan, designated as Downtown Very High Density Residential. Situated less than half a mile from the Sunnyvale Caltrain Station, the site qualifies as a true transit-oriented development and presents a opportunity to deliver
premium condominiums, multifamily units, or an affordable housing project leveraging density bonuses and streamlined entitlements available to TOD sites under current state housing legislation. The property is surrounded by walkable amenities including Whole Foods, Target, AMC Theatres, and Historic Murphy Avenue with over 24 restaurants. Approximately 700,000 square feet of Class A office lines Mathilda Avenue within three blocks of the property, anchored by major tech and aerospace tenants. Sunnyvale is among the most affluent communities in Silicon Valley, reflecting the depth
of demand for quality housing in this submarket.
Investment highlights
TRUE TOD DEVELOPMENT
Located ±0.42 miles from Sunnyvale Caltrain Station, providing direct commuter rail access to San Francisco and San Jose. Transit-oriented development (TOD) positions assets within walking distance of major transit infrastructure, driving higher occupancy demand, reduced parking requirements, and long-term value premiums as municipalities increasingly incentivize density near transit nodes.
DOWNTOWN VERY HIGH DENSITY RESIDENTIAL
Located in Sunnyvale’s “Downtown Very High Density Residential” Zone, part of the updated 2020 Downtown Specific Plan.
GREAT VISIBILITY & TRAFFIC
Situated at a signalized intersection with over 30,000 cars per day and high pedestrian foot traffic. 86 Walk Score.
AFFLUENT LOCATION
Average household income approximately $249,000 with median home prices at $1,800,000, reflecting one of the strongest residential markets in the Bay Area.
ABUNDANT RETAIL, CLASS A OFFICE & ENTERTAINMENT AMENITIES
Prime commercial corridor with walking distance access to Target, Whole Foods, AMC Theatres, and Historic Murphy Avenue, Sunnyvale’s signature dining and entertainment district. Approximately 700,000 square feet of Class A office space is concentrated within a three-block stretch along Mathilda Avenue, anchored by major corporate tenants.
BIG TECH & AEROSPACE EPICENTER
Home to the world’s largest technology companies including LinkedIn, Google, Apple, Meta, Amazon, and Microsoft. Sunnyvale is also a major hub for the U.S. aerospace and defense industry, with Lockheed Martin’s Space division headquartered less than two miles from the property, operating its largest satellite manufacturing and R&D campus in the city. Northrop Grumman, Raytheon, and numerous defense subcontractors maintain nearby operations, with Moffett Federal Airfield and NASA Ames Research Center sitting adjacent to the city. This dual concentration of tech and defense employers generates deep, diversified housing demand from a high-income workforce.
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