1277-1281 Ayala Dr - Apartments FOR SALE


Sunnyvale, CA 94086- Sunnyvale West
$6,400,000 USD
510-304-8077
1277-1281 Ayala Dr, Sunnyvale, CA for Sale
$6,400,000 USD
Apartments - FOR SALE
1/10
null | 4.43% Cap Rate

1277-1281 Ayala Dr
Sunnyvale, CA 94086
Sunnyvale West


HIGHLIGHTS

  • Exceptional West Sunnyvale Investment Opportunity
  • Unprecedented Rent Growth
  • Desirable Unit Mix
  • Convenient Community Amenities
  • Abundant Lifestyle Amenities

OVERVIEW

Four Palms Apartments is a stunning 16-unit multifamily asset located at 1277 Ayala Dr in the thriving city of Sunnyvale, California. Situated on a large 21,594 square foot parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 13,124 square feet, offering a mix of spacious three-bedroom, two-bedroom, and one-bedroom floor plans. The subject property offers tenants several modern amenities such as a sunny community pool, covered dedicated parking with additional uncovered parking, and an on-site laundry facility. Select units also feature private balconies. In addition to the countless tech employers, the subject property is within walking distance of Sunnyvale's Heritage District (1.5 miles) and Downtown Mountain View (1.8 miles). Sunnyvale's Heritage District and Downtown Mountain View play a unique role within the community offering countless modern lifestyle amenities. 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 South Bay, Four Palms Apartments presents an attractive choice for South Bay renters with close proximity to major employers, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$488 USD /SF

# OF UNITS

16

PRICE/UNIT

$400,000

CAP RATE

4.43%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Four Palms Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,593 SF

ZONING

R4

APN/PARCEL ID

161-15-012

ASK ABOUT THIS PROPERTY

Robert JohnstonLevin JohnstonMore Info
510-304-8077

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Robert JohnstonLevin JohnstonMore Info
510-304-8077

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