Multifamily Property for Sale in Sunnyvale, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Sunnyvale, CA 94087

Description

1560 Albatross Drive represents a well-maintained four-unit multifamily investment opportunity located in Sunnyvale’s highly desirable Ortega Park neighborhood. The property offers a balanced unit mix of spacious two-bedroom/one-and-one-half-bath and one-bedroom/one-bath residences, each featuring functional floor plans, private patio space, and ample on-site parking. One unit is currently vacant, presenting a rare owner-user opportunity to occupy and customize while benefiting from in-place rental income. Ideally situated near major Silicon Valley employment centers including Apple, Google, LinkedIn, Amazon, Meta, and AMD, with convenient access to Highways 85 & 280, Caltrain, retail amenities, and the greater Sunnyvale, Cupertino, and Mountain View tech corridors. The property is located within the highly regarded Cupertino Union School District and Fremont Union High School District, with nearby schools including Louis E. Stocklmeir Elementary School, Cupertino Middle School, and Fremont High School. Investment Highlights: • First time listed in 20+ years! 1560 Albatross Drive represents a well-maintained four-unit multifamily • Ideally situated near major Silicon Valley employment centers including Apple, Google, LinkedIn, Amazon, Meta, and AMD, with convenient access to Highways 85 & 280. • Opportunity for owner/user to move in right away or rent out the vacant unit market rate.

Market Context

This multifamily in Sunnyvale, CA is listed for sale. It is offered at an approximate 3.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 67 days. Compare it against other multifamily listings for sale in Sunnyvale, CA — <a href="/search/sale/multifamily/california/sunnyvale">view the full market</a>.

As of Q3 2021, the Silicon Valley multifamily market showed a 4.4% vacancy rate, and average asking rents near $1591.00/unit/mo. Source: Www.lee-Associates.com Q3 2021 market report.

Tight vacancy keeps competition for quality space elevated.

Multifamily market FAQ

Is the Silicon Valley multifamily market tightening or softening?
Vacancy is around 4.4% (Q3 2021).

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