645 Azara Pl - Apartments FOR SALE


Sunnyvale, CA 94086- Lawrence Station
$2,225,000 USD
408-438-0969
645 Azara Pl, Sunnyvale, CA for Sale
$2,225,000 USD
Apartments - FOR SALE
1/5
null | 4.13% Cap Rate

645 Azara Pl
Sunnyvale, CA 94086
Lawrence Station


OVERVIEW

We are pleased to present 645 Azara Pl in Sunnyvale. Built in 1964, this property features 4 units, including a large 3-bedroom, 2-bathroom owner's unit, two 2-bedroom, 1-bathroom units, and a 1-bedroom, 1-bathroom unit totaling 3,827 square feet on a 7,480 square foot lot. The unit mix offers flexibility for owner-occupancy while renting out the other units. Additionally, with strong in-place rents and excellent tenant profiles, this property is an attractive investment opportunity. The property features modern stainless-steel appliances, including dishwashers in every unit. It has also been meticulously maintained and opportunistically renovated, ensuring minimal immediate capital expenditure and a smooth transition for new ownership. Recent improvements include remodeled kitchens and bathrooms in 3 out of 4 units, all new vinyl windows, recessed lights, upgraded laundry machines, complete remediation of Section 1 & 2 work recommended, among other items noted in disclosures. The property is located less than a mile from downtown Sunnyvale and is near major tech employers like NVIDIA, AMD, and Apple. It offers easy access to Lawrence Expressway and Highways 82, 237, and 101.

FOR SALE DETAILS

PRICE

$2,225,000 USD

PRICE/SF

$581 USD /SF

# OF UNITS

4

PRICE/UNIT

$556,250

CAP RATE

4.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,479 SF

ZONING

R3

APN/PARCEL ID

209-20-004

ASK ABOUT THIS PROPERTY

Eric KatzMagnifyMore Info
408-438-0969

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Eric KatzMagnifyMore Info
408-438-0969

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