370 N Fairoaks Ave 10 Unit Apartment Building $3,650,000 ($365,000/Unit) 4.33% Cap Rate Sunnyvale, CA 94085

370 N Fair Oaks Ave is a prime 10-unit investment opportunity located in the thriving city of Sunnyvale. Situated on a 13,529 square foot parcel of land, the subject property was originally constructed in 1953 and has a gross building area of approximately 4,400 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. The property features convenient amenities such as an on-site laundry facility and private tenant parking. Sunnyvale is bordered by Cupertino to the south, Santa Clara to the east, Moffett Federal Airfield to the north, and Mountain View to the immediate northwest. While serving as the bustling home to major tech, aerospace, and aviation employers, Sunnyvale also offers a fantastic park and bike trail system, great schools, and a revitalized downtown area filled with boutiques and restaurants. Sunnyvale’s food, drink, and entertainment options can keep even the most discerning foodie satisfied. Local favorites include Faultline Brewing Company, Philz Coffee, the Sunnyvale Farmers Market, and Murphy Avenue from end to end. The city is also home to several notable attractions such as Sunnyvale Municipal Golf Course, Baylands Park, and NASA Ames Research Center. Other nearby attractions include Apple Park, California's Great America, Levi's Stadium, and the Winchester Mystery House. The investment appeal of this asset is driven by Sunnyvale’s strong employment fundamentals and low vacancy levels. With a world-class location in South Bay, 370 N Fair Oaks Ave presents an attractive choice for South Bay renters due to its close proximity to major employers, shopping, dining, and entertainment options.