Offers Due by 5:00PM on Thursday, October 22nd. Wonderful value-add Sunnyvale fourplex w/ top ranked Cupertino schools. The property has a superb unit mix that includes one large 3-bedroom/2-bath townhouse style owner's unit w/ vaulted ceiling, fireplace, & large private yard, two 2-bedroom/1.5-bath townhouse units w/ large private backyards, & one studio unit. The current owner & their family have owned the property for over fifty years & rents are significantly below market providing the new owner w/ significant income and value upside (proforma CAP Rate: 5.49%). Located less than 1 mile from Apple headquarters in Cupertino. Additionally, it feeds into Louis E. Stocklmeir Elementary (2012 API: 974), Cupertino Middle (2012 API: 934), & Fremont High (2012 API: 767). The superb unit mix, significant income upside, excellent schools, & proximity to Silicon Valley employers make it a great opportunity for both the cash flow & appreciation minded investor. Offering memorandum available.
Off market
$2,337,200
1371 S Wolfe Rd, Sunnyvale, CA 94087
--beds
0baths
3,595sqft
MultiFamily
Built in 1963
-- sqft lot
$2,337,200 Zestimate®
$650/sqft
$3,965 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Electric, Gas
Cooling
- None
Appliances
- Included: Dryer, Refrigerator, Washer
- Laundry: Coin Operated, Washer / Dryer
Features
- Flooring: Tile, Carpet, Laminate
- Has fireplace: Yes
Interior area
- Total interior livable area: 3,595 sqft
Property
Parking
- Parking features: Carport
Lot
- Size: 7,139 sqft
Details
- Parcel number: 30910022
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1963
Utilities & green energy
- Utilities for property: Public Utilities, Individual Electric Meters, Individual Gas Meters
Community & neighborhood
Location
- Region: Sunnyvale
Other
Other facts
- Flooring: Tile, Carpet, Laminate
- Garage Parking Features: Off-Street Parking, Uncovered Parking, Carport, Assigned Spaces, Covered Parking, Unassigned Spaces, Tandem Parking
- Lot Size Area Maximum Units: Square Feet
- Lot Size Area Minimum Units: Square Feet
- Structure SqFt Source: Assessor
- Listing Type: Exclusive Right to Sell
- Heating: Fireplace, Electric
- Water: Public
- Subclass: Fourplex
- Lot Description: Grade - Level
- Roof: Shingle
- Foundation: Concrete Perimeter
- Amenities Misc.: Walk-in Closet, High Ceiling, Vaulted Ceiling
- Utilities: Public Utilities, Individual Electric Meters, Individual Gas Meters
- Kitchen: Countertop - Tile, Cooktop - Electric, Oven - Electric, Refrigerator
- Laundry: Coin Operated, Washer / Dryer
- Sewer Septic: Sewer - Public
- Construction Type: Wood Frame
- Additional Rooms: Storage
- Cooling: Ceiling Fan
- Additional Listing Info: Not Applicable
- Listing Class: Residential Income (2-4 units)
- Meters: Separate Electric, Separate Gas, Master Water
- Unit 1 Number of Bedrooms: 3
- Unit 2 Number of Bedrooms: 2
- Unit 3 Number of Bedrooms: 2
- Unit 2 Approx Square Footage: 1000
- Unit 4 Number of Bedrooms: 0
- Unit Type 1 Approx SqFt: 1200
- Unit 3 Rent: 2500
- Unit 4 Approx Square Footage: 400
- Unit 4 Rent: 1595
- Unit 2 Rent: 2495
- Unit 3 Approx Square Footage: 1000
- Unit 1 Rent: 3075
Services availability
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Estimated market value
$2,337,200