Remodeled Fourplex Income
For Sale
$2,900,000
1026 Valerian Way, Sunnyvale, CA 94086
Newly remodeled fourplex with updated kitchens, dual-pane windows, and multiple units featuring on-site laundry and covered parking.
Days on Market9
Property Features for 1026 Valerian Way
General Information
Standard status
Active
Property subtype
Investment
Building Details
Building Size
4,300 SF
Year Built
1969
Listing Agency:
KW MREMC Thrive, Inc.
(650) 823-8003
Listed By:
Renna Shee · License #01906557
(650) 823-8003
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Aug 2 at 11:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW MREMC Thrive, Inc.
Investment Insights
Based on property information with market context.
This newly remodeled fourplex includes four residential units with hardwood floors and dual-pane windows throughout. Heating and A/C provide year-round comfort in each residence, and the updated kitchens feature stainless steel appliances, quartz countertops, and extensive cabinetry. Unit layouts vary, including the largest unit with 3 bedrooms and 2 bathrooms plus an elongated rear patio, while two upper-level units each offer 2 bedrooms and 1 bathroom. A laundry room includes a washer, dryer, and sink, and each bedroom features a spacious closet.
The property also features a large rear parking lot with covered parking and more than 10 uncovered spaces. The home is located within about 3 miles of Downtown Sunnyvale/Caltrain, with access to major roadways including Hwy 101, El Camino Real, and Lawrence Expy, and it is near shopping, parks, and Sunken Gardens Golf Course.
The property also features a large rear parking lot with covered parking and more than 10 uncovered spaces. The home is located within about 3 miles of Downtown Sunnyvale/Caltrain, with access to major roadways including Hwy 101, El Camino Real, and Lawrence Expy, and it is near shopping, parks, and Sunken Gardens Golf Course.
Key Highlights
- Newly remodeled 4‑plex built in 1969 with multiple updated interiors
- Unit mix: largest unit has 3BR/2BA plus an elongated rear patio; other units include 2BR/1.5BA and two 2BR/1BA units
- Hardwood floors throughout and dual‑pane windows in each residence for natural light
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.1k | $34.20 |
| − Vacancy | −$6.1k | −$1.43 |
| EGI | $140.9k | $32.77 |
| − OpEx | −$42.3k | −$9.83 |
| NOI | $98.6k | $22.94 |
4,300 SF · lease $34.20/SF/yr · vacancy 4.18% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.41M
$1.23M – $1.64M
NOI $98,639 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$1.30M
$1.14M – $1.51M
NOI $90,890 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,798 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 94086, CA
50,175
Population
21,264
Households
2.4
Avg Household Size
34
Median Age
70%
College-Educated
94%
High-School Grad
4.4 sq mi
ZIP Area
11,403
Density / Sq Mi
$180,217
Median Household Income
$113,343
Median Earnings
$2,923
Median Rent
$1,784,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Newly remodeled fourplex with updated kitchens, dual-pane windows, and multiple units featuring on-site laundry and covered parking.
Where is this quadplex located?
The property is located at 1026 Valerian Way Sunnyvale, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Newly remodeled 4‑plex built in 1969 with multiple updated interiors; Unit mix: largest unit has 3BR/2BA plus an elongated rear patio; other units include 2BR/1.5BA and two 2BR/1BA units; Hardwood floors throughout and dual‑pane windows in each residence for natural light
