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The Ponderosa Apartments 960-962 W Weddell Dr 20 Unit Apartment Building $4,775,000 ($238,750/Unit) 5.53% Cap Rate Sunnyvale, CA 94089
Investment Highlights
- Surrounded by major tech employers including Google, Apple, Amazon, LinkedIn, Microsoft, and Moffett Park
- Single story, large lot with no SB 721 requirements
- One of Silicon Valley’s most sought-after rental submarkets
Executive Summary
$225K Price Reduction - Reviewing Offers as they are received!
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.
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.
Property Facts
| Price | $4,775,000 | Apartment Style | Low-Rise |
| Price Per Unit | $238,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.73 AC |
| Cap Rate | 5.53% | Building Size | 9,006 SF |
| Gross Rent Multiplier | 11 | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 3/1,000 SF |
| Zoning | R4, Sunnyvale | ||
| Price | $4,775,000 |
| Price Per Unit | $238,750 |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Gross Rent Multiplier | 11 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 9,006 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1961 |
| Parking Ratio | 3/1,000 SF |
| Zoning | R4, Sunnyvale |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 19 | - | 400 |
| 1+1 | 1 | - | 500 |
1 1
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | 110-12-061 | Improvements Assessment | $554,138 |
| Land Assessment | $2,154,996 | Total Assessment | $2,709,134 |
Property Taxes
Parcel Number
110-12-061
Land Assessment
$2,154,996
Improvements Assessment
$554,138
Total Assessment
$2,709,134
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The Ponderosa Apartments | 960-962 W Weddell Dr
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