611 San Luisito Way, Sunnyvale, CA 94085

$5,650,000
9,390
SqFt
List Price
$5,650,000
MLS#
ML81768200
Status
ACTIVE
Sqft. of Residence
9,390
Lot Size
20,000
Listing Area
Sunnyvale
Year Built
1959

Property Description

Part of a 3-building portfolio- marketing packages available. CAP rate: 4.32% Current / 5.14% Potential. 611 San Luisito Way is a wonderful 13-unit apartment community with 1 (3-Bed/1-Bath), 9 (2-Bed/1-Bath), 3 (1-Bed/1-Bath) units. A tranquil courtyard with mature landscaping and swimming pool creates a garden style feel to the property. Recent capital improvements of over $350,000. 11 of 13 units remodeled. Copper piping and dual pane windows throughout. New electric main panel and subpanels, backflows, pool equipment, paint, roof work, and more. Strategically located near VTA, Caltrain, and Highway 101. Opportunity to add further value by increasing income and continuing the repositioning of the property to the preferences of Silicon Valley technology employees. The shortage of housing units, rent growth, and proximity to large Silicon Valley employers make it a great opportunity for both the cash flow and appreciation-minded investor.

Additional Information

Acres
0.4591
Age
60
Amenities
Dumbwaiter, High Ceiling, Walk-in Closet
Cooling System
Ceiling Fan
Energy Features
Double Pane Windows
Floor Covering
Concrete, Vinyl / Linoleum
Foundation
Concrete Slab
Garage Parking
Assigned Spaces, Common Parking Area, Covered Parking, Off-Street Parking, Parking Area, Uncovered Parking
Heating System
Wall Furnace
Laundry Facilities
Coin Operated, Washer / Dryer
Living Area
9,390
Lot Description
Grade - Level
Lot Size
20,000
Neighborhood
Sunnyvale
Other Rooms
Storage
Other Utilities
Individual Electric Meters, Individual Gas Meters
Pool Description
Community Facility
Roof
Flat / Low Pitch
Sewer
Sewer - Public
Special Features
None
Unincorporated Yn
Yes
Zoning
R3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Ismael Benhamida from Marcus & Millichap

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