530 Columbia Ave - Apartments FOR SALE


Sunnyvale, CA 94085
$2,200,000 USD
408-438-0969
530 Columbia Ave, Sunnyvale, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/8
null | 3.18% Cap Rate

530 Columbia Ave
Sunnyvale, CA 94085


HIGHLIGHTS

  • Located 1 mile from DT Sunnyvale with large "owners unit" and significant upside in rental income
  • Versatile unit mix: (1) 3BD/2BA; (1) 2BD/1BA; (4) 1BD/1BA
  • Recent upgrades include (4) remodeled bathrooms & replaced hot-water supply with copper pipes
  • Close proximity to major tech employers including LinkedIn, Google, Microsoft, NVIDIA and more
  • Easy access to Lawrence Expressway, El Camino Real, Highways 101 and 237

OVERVIEW

**Open House: Sunday 1/12 from 1:00pm to 2:30pm** Magnify is pleased to present the opportunity to acquire 30 Columbia Ave, a six (6) unit multi-family investment with owner-occupancy potential located in the highly desirable city of Sunnyvale. Constructed in 1961, the property consists of one (1) three-bedroom/two-bathroom unit, one (1) two-bedroom/one-bathroom unit, and four (4) one-bedroom/one-bathroom units, spanning a total of 4,101 square feet. Situated on an 8,539 square-foot lot, recent improvements include four (4) remodeled bathrooms and replaced hot-water supply with copper pipes. This investment has significant upside in potential rental income through further renovations of the interiors. Notably, the presence of a spacious two-story front unit offers the added advantage of potential owner occupancy, further adding to its appeal and versatility. The subject property is located just one mile from Downtown Sunnyvale. It is less that a 10-minute drive from Levi's Stadium and major tech employers including LinkedIn, Google, Microsoft, NVIDIA, and more. Finally, the property provides easy access Lawrence Expressway, El Camino Real, and Highways 101 & 237.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$536 USD /SF

# OF UNITS

6

PRICE/UNIT

$366,667

CAP RATE

3.18%

% 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

1961

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R3

APN/PARCEL ID

204-38-034

ASK ABOUT THIS PROPERTY

Eric KatzMagnifyMore Info
408-438-0969

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Eric KatzMagnifyMore Info
408-438-0969

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