1212 W Mckinley Ave - Apartments FOR SALE


Sunnyvale, CA 94086- Sunnyvale West
$3,888,000 USD
408-893-8063
1212 W Mckinley Ave, Sunnyvale, CA for Sale
$3,888,000 USD
Apartments - FOR SALE
1/9
null | 4.41% Cap Rate

1212 W Mckinley Ave
Sunnyvale, CA 94086
Sunnyvale West


HIGHLIGHTS

  • OPEN HOUSE ON THURSDAY (6/18) FROM 11:30AM TO 12:30PM
  • Value Add Opportunity with 15%+ Rental Upside
  • No City Rent Control Regulations
  • Strategically Located in the Epicenter of Silicon Valley

OVERVIEW

1212 W McKinley Avenue (the Property) is a multifamily asset built in 1964 situated on a 0.34 acre lot and comprised of ten (10) units. The Property features a unit mix of eight (8) one-bedroom/one-bathroom floorplans and two (2) two-bedroom/ one-bathroom floorplans. The Property’s premier location in Sunnyvale generates premium rents and strong demand from renters backed by high-tech salaries. This Property offers investors the rare opportunity to acquire an investment property in the heart of Silicon Valley, one of the most sought-after rental markets in the country. Perfectly situated near Highway 101, Highway 237, Highway 85, & El Camino Real, the Property is just moments away from major employers such as Apple, Google, LinkedIn, AMD, & Lockheed Martin Space, as well as NASA Ames Research Center and the broader Moffett Park employment base. In addition, the Property is within walking distance to Downtown Sunnyvale’s Murphy Avenue dining and retail district, the Sunnyvale Caltrain Station, and Whole Foods, with additional shopping options at the nearby Sunnyvale Town Center.

FOR SALE DETAILS

PRICE

$3,888,000 USD

PRICE/SF

$508 USD /SF

# OF UNITS

10

PRICE/UNIT

$388,800

CAP RATE

4.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,959 SF

ZONING

R3

APN/PARCEL ID

161-20-009

ASK ABOUT THIS PROPERTY

Adam FoleyCBREMore Info
408-893-8063

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Adam FoleyCBREMore Info
408-893-8063

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.