530 Columbia Ave - Apartments FOR SALE


Sunnyvale, CA 94085- Lowlanders
$2,080,000 USD
650-823-1220
530 Columbia Ave, Sunnyvale, CA for Sale
$2,080,000 USD
Apartments - FOR SALE
1/11
null | 3.34% Cap Rate

530 Columbia Ave
Sunnyvale, CA 94085
Lowlanders


HIGHLIGHTS

  • Market Cap Rate: 5.32%
  • Current GRM: 11.68
  • Retail & Dining: A short drive or bike ride to the vibrant shops and restaurants of Historic Murphy Avenue and the Sunnyvale Square Shopping Center
  • Proximity to Tech: Conveniently located near major employers, including the Google Tech Corners and Apple Park
  • Commuter Friendly: Just over 1 mile from the Sunnyvale Caltrain Station and minutes from Highway 101 and Central Expressway
  • Neighborhood Amenities: Walking distance to Columbia Park and the Columbia Neighborhood Center, which offer a swimming pool, and sports fields

OVERVIEW

530 Columbia Ave is a well-positioned, 6-unit apartment property built in 1961. This asset offers a versatile and highly desirable unit mix, anchored by a spacious three-bedroom, two-bathroom single story owner’s unit that includes a private two-car attached garage—perfect for an owner-occupant or a premium rental. Value-Add Opportunities. Can be purchased separately or together with a 9 unit building located at 215 Charles St. Sunnyvale, CA also listed on LoopNet. • Private Patios: Potential to add two private patios for the ground-floor units, significantly increasing the appeal and rental value. • Common Area Enhancements: Ability to add 1–2 additional parking spaces in the rear or repurpose that space into a private common courtyard for residents. • ADU Potential: Opportunity to further increase density by adding one Accessory Dwelling Unit (ADU). Contact agent for DD link, property and termite reports, and tour scheduling. DO NOT DISTURB TENANTS.

FOR SALE DETAILS

PRICE

$2,080,000 USD

PRICE/SF

$507 USD /SF

# OF UNITS

6

PRICE/UNIT

$346,667

CAP RATE

3.34%

% 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

1961

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,646 SF

ZONING

R3

APN/PARCEL ID

204-38-034

ASK ABOUT THIS PROPERTY

Brian HenryNewmarkMore Info
650-823-1220

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Brian HenryNewmarkMore Info
650-823-1220

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