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675 Johanna Ave 7 Unit Apartment Building $2,000,000 ($285,714/Unit) 5.35% Cap Rate Sunnyvale, CA 94085
Investment Highlights
- Seven-unit apartment community in the heart of Sunnyvale
- Exceptional parking offering with five private garages and seven additional on-site spaces
- Surrounded by major tech employers including Google, Apple, NVIDIA, and leading semiconductor firms
Executive Summary
The Zurich Group of Marcus & Millichap is pleased to present 675 Johanna Avenue, a seven-unit apartment community located in the heart of Sunnyvale, California. Built in 1948 and situated on a 0.24-acre lot, the property represents a well-maintained multifamily asset in a highly desirable Silicon Valley location.
The property consists of seven one-bedroom, one-bathroom units and is supported by on-site laundry and an exceptional parking offering, including five private garages and seven additional on-site parking spaces.
Ideally located less than two miles from Downtown Sunnyvale and the Sunnyvale Caltrain Station, the property provides residents convenient access to transit, dining, retail, and entertainment, along with strong connectivity via Highway 101, State Route 237, and Lawrence Expressway.
Surrounded by major Silicon Valley employers including Google, Apple, NVIDIA, and leading semiconductor firms, 675 Johanna Avenue benefits from strong rental demand and a supply-constrained Sunnyvale housing market, offering a stable investment with continued rental growth potential.
The property consists of seven one-bedroom, one-bathroom units and is supported by on-site laundry and an exceptional parking offering, including five private garages and seven additional on-site parking spaces.
Ideally located less than two miles from Downtown Sunnyvale and the Sunnyvale Caltrain Station, the property provides residents convenient access to transit, dining, retail, and entertainment, along with strong connectivity via Highway 101, State Route 237, and Lawrence Expressway.
Surrounded by major Silicon Valley employers including Google, Apple, NVIDIA, and leading semiconductor firms, 675 Johanna Avenue benefits from strong rental demand and a supply-constrained Sunnyvale housing market, offering a stable investment with continued rental growth potential.
Property Facts
| Price | $2,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $285,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 5.35% | Building Size | 2,940 SF |
| Gross Rent Multiplier | 12.6 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 4.08/1,000 SF |
| Zoning | R3, Sunnyvale | ||
| Price | $2,000,000 |
| Price Per Unit | $285,714 |
| Sale Type | Investment |
| Cap Rate | 5.35% |
| Gross Rent Multiplier | 12.6 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 2,940 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 4.08/1,000 SF |
| Zoning | R3, Sunnyvale |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 691 |
1 1
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | 205-17-048 | Improvements Assessment | $615,709 |
| Land Assessment | $985,138 | Total Assessment | $1,600,847 |
Property Taxes
Parcel Number
205-17-048
Land Assessment
$985,138
Improvements Assessment
$615,709
Total Assessment
$1,600,847
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675 Johanna Ave
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