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557 Alberta Ave
Sunnyvale, CA 94087
Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.35 AC |
| Property Type | Multifamily | Building Size | 4,612 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1968/2014 |
| Building Class | C | Parking Ratio | 1.3/1,000 SF |
| Zoning | R2 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 4,612 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1968/2014 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | R2 |
ABOUT 557 ALBERTA AVE , SUNNYVALE, CA 94087
INTERO REAL ESTATE SERVICES is pleased to offer a rare opportunity to own a well located and highly desirable apartment building in one of the most exclusive rental markets on the Silicon Valley 557 Alberta Ave in Sunnyvale was built in 1968, and has been fully upgraded and remodeled in 2014. This turn-key, 4 unit investment is 100% leased with upside potential in rental income. The property benefits from its location being only a short commute to Apple Campuses and its incorporation into the coveted Cupertino School District. Nimitz Elementary, Cupertino Middle School and Homestead High. Close to Shops, Dining, and Entertainment. The Property is well located close to many of Silicon Valley’s most esteemed companies and situated in one of Sunnyvale’s most prestigious neighborhoods. The area has benefited from an increase in popularity due to its convenient location, bustling businesses, and top quality schools. Recent additions such as Apple’s infinity loop and the transformation of the Valco shopping center has bolstered the already surging rental market. Rents in this market are expected to continue to rise due to the exclusivity and desirability of the neighborhood, expanding tech industry and job market, as well as the local economy. The property consist of four garden style units, each with private yards and entrances. All units have been remodeled to exceed market standards, and have been well maintained. Total square footage of both structures combined is 4,612 sqft (RealQuest) and sits on a large 15,251 sqft (RealQuest) lot. The property has been well maintained and professionally managed— truly an unique opportunity to own one of the few deluxe apartment complexes in Sunnyvale. Normandy style architecture is pleasing to the tenants and neighbors. All of the units are highly desirable ground floor single level garden style apartment homes all with in-unit laundry. Tenant Pays individual gas heating, electrical, phone, and cable. Landlord pays property tax, insurance, maintenance, garbage service, water/sewer, common area lighting, water, and gas for hot water. SALE PROCESS Tours of the property will be arranged and posted on the MLS. Prospective investors will be notified when offers are due. For further information, please contact: MICHAEL CHALHOUB BRE#01721189 Intero Real Estate Services 650.465.9036 Direct 1100 Park Place #100 mchalhoub@interorealestate.com San Mateo CA 94403
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | $2,823 | 1,100 |
| 3+2 | 2 | $3,438 | 1,205 |
PROPERTY TAXES
| Parcel Number | 323-30-050 | Improvements Assessment | $223,101 |
| Land Assessment | $3,569,659 | Total Assessment | $3,792,760 |
PROPERTY TAXES
