527 E Taylor Ave - Apartments FOR SALE


Sunnyvale, CA 94085- Lowlanders
$2,995,000 USD
650-823-1220
527 E Taylor Ave, Sunnyvale, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/28
null | 4.33% Cap Rate

527 E Taylor Ave
Sunnyvale, CA 94085
Lowlanders


OVERVIEW

OPPORTUNITY OVERVIEW: • Well maintained 8-unit property in Sunnyvale with all dual pane windows (except for unit 8) • Unit mix: (1) 2-bedroom 1-bath one story owner’s unit and (7) 1-bedroom 1-bath units • All ground floor units (#1-5) benefit from real hardwood floors • All upstairs units (#6-8) have vaulted ceilings with exposed beams and modern accent paint • Unit 6 and unit 8 have large areas in front to their units that could easily be gated to create large private balconies to increase rent potential • All ground floor units (#1-5) have large areas off the rear or front of their units that could be fenced in to create large private patios to increase rent potential • All units are individually metered except for unit 1 and the house meter and all common utilities are connected to unit 1and the owner pays all utilities for unit 1. • Common laundry room for all units with leased machines • All new detached carports completely rebuilt (2020) • 8 Detached onsite carport parking (no soft story) and 2 open onsite parking spaces (10 total spaces) • Significant excess open space could conveniently be made into approximately 4 open parking spaces • Over $400,000 of recent capital improvements include: » New water heater (2024), new exterior paint & landscaping (2020), new pitched composite roof (2017) » Completely new staircase, new concrete walkways, new storage under stairs (2021) » Units #2, 3, 4, 6, full remodel (2021) & unit #7 full remodel (2022) » Unit #5 newly remodeled bathroom, real hardwood floors and tile floors in kitchen » Unit #8 newly remodeled bathroom, new carpet and LVT floor in kitchen

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$695 USD /SF

# OF UNITS

8

PRICE/UNIT

$374,375

CAP RATE

4.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R3

APN/PARCEL ID

204-38-028

ASK ABOUT THIS PROPERTY

Brian HenryNewmarkMore Info
650-823-1220

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Brian HenryNewmarkMore Info
650-823-1220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.