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Listed by Joel Calvillo • KW Bay Area Estates, DRE#01733780
$1,988,000
Est. payment /mo
8 Beds
4 Baths
3,328 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,328 sqft
Price per Sqft $597
MLS Listing ID ML82048583
Bedrooms 8
Full Baths 4
Year Built 1964
Lot Size 8,000 Sqft
Property Sub-Type Fourplex
Property Description
Prime Sunnyvale fourplex in a highly desirable rental location. All four units are 2BR/1BA, approx. 832 SF each, with assigned covered parking. Strong in-place income with below-market rents and significant upside potential. Excellent location with easy access to Wolfe Rd, El Camino Real, and Sunnyvale Caltrain. Minutes to Downtown Sunnyvale, parks, library, and Apple Park. Close proximity to major tech employers including Apple, Google, LinkedIn, NVIDIA, Microsoft, and Amazon. Situated in a high-demand rental market with historically low vacancy. Just 1 block to Braly Elementary (9/10 GreatSchools dot org). Great opportunity for investors seeking stable income and long-term appreciation in the heart of Silicon Valley.No City of Sunnyvale local rent control ordinance is in effect. State AB 1482 allows annual rent increases of 5% plus the Bay Area Consumer Price Index (CPI), not to exceed 10% per year. Buyer to independently verify all applicable City of Sunnyvale and State of California rent control regulations, limitations, and requirements. The $8,410 under "Other" Annual Expenses is for Water/Sewer/Garbage combined. ****Please be respectful and do not disturb tenants****
Location
State CA
County Santa Clara
Area Sunnyvale
Zoning R3
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Assigned Spaces, Carport , Covered Parking, Off-Site Parking
Utilities Available Public Utilities
Roof Type Composition
Building
Story 2
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Level or Stories 2
Others
Tax ID 211-04-005
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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Doug Goss
Broker Associate | License ID: 01182111
Broker Associate License ID: 01182111