Multifamily Property for Sale in Sunnyvale, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Sunnyvale, CA 94086

Description

Marcus & Millichap is pleased to present 504 Hawthorn Avenue, a well-located fourplex nestled on a quiet, tree-lined street in the heart of Sunnyvale. Built in 1967, the property consists of approximately 3,728 square feet on a 7,260 square foot lot and features a desirable unit mix of one 3-bedroom/2-bath unit, one 3-bedroom/1.5-bath unit, one 2-bedroom/1-bath unit, and one 1-bedroom/1- bath unit. The diverse unit composition caters to a broad tenant base, including families and working professionals. The property also offers five on-site parking spaces and a shared laundry facility, providing added convenience for tenants. The property presents a compelling value-add opportunity, as current rents are below market levels, allowing investors to increase income through strategic interior renovations and operational improvements. In addition to its income potential, the property benefits from its low-density setting within a quiet, residential neighborhood, offering a more private and comfortable living environment that appeals to families and long-term renters. The property is also just minutes from Downtown Sunnyvale Murphy Avenue, a vibrant destination featuring a variety of restaurants, retail shops, and ongoing mixed-use developments that continue to enhance the area’s appeal. This combination of rental upside, lifestyle amenities, and strong tenant demand supports consistent occupancy and reinforces long-term stability. 504 Hawthorn Avenue benefits from its prime Sunnyvale location with close proximity to major Silicon Valley employers such as Apple, Google, and Meta, supporting consistent rental demand. Additionally, the property offers convenient access to Highway 101, Interstate 280, and Central Expressway, allowing for efficient connectivity throughout the Peninsula. Strong market fundamentals, including high household incomes and limited housing supply, position the asset for continued rent growth and long-term appreciation. Investment Highlights: • PRIME

Market Context

This multifamily in Sunnyvale, CA is listed for sale. It is offered at an approximate 3.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 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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