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1212 W Mckinley Ave 10 Unit Apartment Building $3,888,000 ($388,800/Unit) 4.41% Cap Rate Sunnyvale, CA 94086
Investment Highlights
- OPEN HOUSE ON THURSDAY (6/18) FROM 11:30AM TO 12:30PM
- No City Rent Control Regulations
- Value Add Opportunity with 15%+ Rental Upside
- Strategically Located in the Epicenter of Silicon Valley
Executive Summary
1212 W McKinley Avenue (the Property) is a multifamily asset built in 1964 situated on a 0.34 acre lot and comprised of ten (10) units. The Property features a unit mix of eight (8) one-bedroom/one-bathroom floorplans and two (2) two-bedroom/ one-bathroom floorplans.
The Property’s premier location in Sunnyvale generates premium rents and strong demand from renters backed by high-tech salaries. This Property offers investors the rare opportunity to acquire an investment property in the heart of Silicon Valley, one of the most sought-after rental markets in the country. Perfectly situated near Highway 101, Highway 237, Highway 85, & El Camino Real, the Property is just moments away from major employers such as Apple, Google, LinkedIn, AMD, & Lockheed Martin Space, as well as NASA Ames Research Center and the broader Moffett Park employment base.
In addition, the Property is within walking distance to Downtown Sunnyvale’s Murphy Avenue dining and retail district, the Sunnyvale Caltrain Station, and Whole Foods, with additional shopping options at the nearby Sunnyvale Town Center.
The Property’s premier location in Sunnyvale generates premium rents and strong demand from renters backed by high-tech salaries. This Property offers investors the rare opportunity to acquire an investment property in the heart of Silicon Valley, one of the most sought-after rental markets in the country. Perfectly situated near Highway 101, Highway 237, Highway 85, & El Camino Real, the Property is just moments away from major employers such as Apple, Google, LinkedIn, AMD, & Lockheed Martin Space, as well as NASA Ames Research Center and the broader Moffett Park employment base.
In addition, the Property is within walking distance to Downtown Sunnyvale’s Murphy Avenue dining and retail district, the Sunnyvale Caltrain Station, and Whole Foods, with additional shopping options at the nearby Sunnyvale Town Center.
Property Facts
| Price | $3,888,000 | Apartment Style | Low-Rise |
| Price Per Unit | $388,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 4.41% | Building Size | 7,656 SF |
| Gross Rent Multiplier | 14.2 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.57/1,000 SF |
| Zoning | R3 - r-3 | ||
| Price | $3,888,000 |
| Price Per Unit | $388,800 |
| Sale Type | Investment |
| Cap Rate | 4.41% |
| Gross Rent Multiplier | 14.2 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 7,656 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | R3 - r-3 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 161-20-009 | Improvements Assessment | $500,000 |
| Land Assessment | $2,500,000 | Total Assessment | $3,000,000 |
Property Taxes
Parcel Number
161-20-009
Land Assessment
$2,500,000
Improvements Assessment
$500,000
Total Assessment
$3,000,000
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1212 W Mckinley Ave
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