280 W California Ave - Apartments FOR SALE


Sunnyvale, CA 94086- Downtown Sunnyvale
$8,495,000 USD
510-304-8077
280 W California Ave, Sunnyvale, CA for Sale
$8,495,000 USD
Apartments - FOR SALE
1/15
null | 4.1% Cap Rate

280 W California Ave
Sunnyvale, CA 94086
Downtown Sunnyvale


HIGHLIGHTS

  • Incredible Value-Add Asset in Sunnyvale's Iconic Heritage District
  • Unprecedented Rent Growth
  • Desirable Unit Mix
  • Convenient Community Amenities
  • Abundant Lifestyle Amenities

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$8,495,000 USD

PRICE/SF

$560 USD /SF

# OF UNITS

25

PRICE/UNIT

$339,800

CAP RATE

4.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

El Portal Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,155 SF

ZONING

R4PD

APN/PARCEL ID

204-51-001

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 Notice.