280 W California Avenue, Sunnyvale, CA, CA 94086
- $8,495,000
- List Price
- $8,495,000
- Status
- ACTIVE
- MLS#
- ML82054816
- County
- Santa Clara
- Zoning
- R4PD
- Year Built
- 1974
- Square Feet
- 15,162
- Lot Size (acres)
- 0.6923
- Days on Market
- 10
- Property Type
- Commercial
Property Description
El Portal Apartments is a well-situated 25-unit value-add asset located on 280 W California Ave in the city of Sunnyvale, California. Situated on a large 30,155 square foot parcel of land, the subject property was originally constructed in 1974, featuring a gross building area of approximately 15,162 square feet. Tenants enjoy beautifully designed, spacious two-bedroom, one-bedroom, and studio floor plans. El Portal Apartments also offers tenants convenient amenities such as private parking and on-site laundry. El Portal Apartments is strategically situated in Sunnyvales vibrant Heritage District. This highly walkable neighborhood offers tenants immediate access to a dynamic mix of restaurants, retail, entertainment, and the Sunnyvale Caltrain Station, supporting both a high quality of life and strong renter demand. The subject property also benefits from proximity to major tech employers, excellent schools, and key transportation corridors, positioning it as an ideal investment for long-term growth and stable occupancy in one of the Bay Areas most desirable submarkets. The investment appeal of this asset is driven by Sunnyvales strong employment fundamentals and low vacancy levels.
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Additional Information
- Taxes
- $100,253
- Parcel Number
- 20451001
- Gross Scheduled Income
- $623,928
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition
- Parking Spaces
- 25
- Water
- Public
- School District
- Other
Listing courtesy of Listing Agent: Robert Johnston (robert.johnston@marcusmillichap.com) from Listing Office: Marcus & Millichap.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.