El Portal Apartments
Premier Value-Add Opportunity in the Heart of Sunnyvale's Heritage District | Sunnyvale, CA
Marketing description
El Portal Apartments is a well-situated 25-unit value-add asset located on 280 W California Ave in the city of Sunnyvale, California.
Situated on a large 30,155 square foot parcel of land, the subject property was originally constructed in 1974, featuring a gross building area of approximately 15,162 square feet. Tenants enjoy beautifully designed, spacious two-bedroom, one-bedroom, and studio floor plans. El Portal Apartments also offers tenants convenient amenities such as private parking and on-site laundry.
El Portal Apartments is strategically situated in Sunnyvale's vibrant Heritage District. This highly walkable neighborhood offers tenants immediate access to a dynamic mix of restaurants, retail, entertainment, and the Sunnyvale Caltrain Station—supporting both a high quality of life and strong renter demand. The subject property also benefits from proximity to major tech employers, excellent schools, and key transportation corridors, positioning it as an ideal investment for long-term growth and stable occupancy in one of the Bay Area's most desirable submarkets.
The investment appeal of this asset is driven by Sunnyvale's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, El Portal Apartments presents an attractive choice for South Bay renters with close proximity to major employers, shopping, dining, and entertainment options.
Investment highlights
- Incredible Value-Add Asset in Sunnyvale's Iconic Heritage District - Investors have the rare opportunity to acquire a 25-unit value-add multifamily asset located in Sunnyvale's iconic Heritage District.
- Unprecedented Rent Growth - Sunnyvale has experienced an unparalleled surge in rent prices following the pandemic, largely attributed to the adoption of hybrid or fully in-person work models by the area's prominent tech corporations.
- Desirable Unit Mix - The subject property offers tenants spacious two-bedroom, one-bedroom, and studio floor plans.
- Convenient Community Amenities - El Portal Apartments offers tenants convenient amenities such as private parking and on-site laundry.
- Abundant Lifestyle Amenities - The subject property is situated just blocks from countless lifestyle amenities in Downtown Sunnyvale such as Target, Whole Foods, Dishdash, Tipsy Putt, and Urban Plates.
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