960-962 W Weddell Dr - Apartments FOR SALE


Sunnyvale, CA 94089- Outer Sunnyvale
$5,000,000 USD
408-888-9594
960-962 W Weddell Dr, Sunnyvale, CA for Sale
$5,000,000 USD
Apartments - FOR SALE
1/12
null | 5.07% Cap Rate

960-962 W Weddell Dr
Sunnyvale, CA 94089
Outer Sunnyvale


HIGHLIGHTS

  • Surrounded by major tech employers including Google, Apple, Amazon, LinkedIn, Microsoft, and Moffett Park
  • One of Silicon Valley’s most sought-after rental submarkets
  • Single story, large lot with no SB 721 requirements

OVERVIEW

The Zurich Group of Marcus & Millichap is pleased to present Ponderosa Apartments at 960962 W. Weddell Drive, a 20-unit apartment community located on the highly desirable Sunnyvale/Mountain View border. The property consists of two 10-unit buildings centered around a pool courtyard and offers strong in-place cash flow with future rental upside. The unit mix includes nineteen studio units and one one-bedroom unit occupied by the onsite manager, along with onsite laundry facilities and approximately 27 uncovered parking spaces. The property provides excellent commuter access throughout Silicon Valley and is surrounded by major technology employers including Google, Apple, Amazon, LinkedIn, Microsoft, and the Moffett Park employment corridor. Residents also benefit from close proximity to Downtown Sunnyvale and Downtown Mountain View, offering a wide range of dining, retail, and entertainment options. Located in one of Silicon Valleys most desirable and supply-constrained rental submarkets, Ponderosa Apartments represents a compelling opportunity to acquire a well-located multifamily asset with stable cash flow and long-term rental growth potential. MARKETING PACKAGE AVAILABLE UPON REQUEST.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$555 USD /SF

# OF UNITS

20

PRICE/UNIT

$250,000

CAP RATE

5.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Ponderosa Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,995 SF

ZONING

R4, Sunnyvale

APN/PARCEL ID

110-12-061

ASK ABOUT THIS PROPERTY

Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

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Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

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