Multifamily Apartment
1212 W McKinley Avenue Sunnyvale, CA 94086
1212 W McKinley Avenue, Sunnyvale, CA, 94086
$3,888,000
For Sale
$3,888,000
Built in 1964, this 10-unit apartment building offers eight one-bedroom units and two two-bedroom units.
Property Size7,656 SF
Lot Size0.34 Acres
Price / SF$507.84
Days on Market35
Property Features for 1212 W McKinley Avenue
General Information
- Standard status
- Active
- Size
- 7,656 SF
- Lot size
- 0.34 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1964
Listing agency
CBRE, Inc.
(408) 893-8063
Listed by
Adam Foley · License #02144332
(408) 893-8063
Source
Exitrealty
Added: Jun 17 Updated: Jul 20 at 4:56PM Checked: Jul 21 at 4:10AM
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 CBRE, Inc.
Investment Insights
Based on property information with market context.
1212 W McKinley Avenue is a multifamily apartment building constructed in 1964 on a 0.34-acre lot, comprising ten (10) units. The unit mix includes eight (8) one-bedroom/one-bathroom floorplans and two (2) two-bedroom/one-bathroom floorplans, providing a straightforward rental composition for an investor or operator.
The property is positioned near major access routes including Highway 101, Highway 237, Highway 85, and El Camino Real. Nearby employment and destinations referenced in the offering include Apple, Google, LinkedIn, AMD, Lockheed Martin Space, NASA Ames Research Center, and the broader Moffett Park employment base.
Additional convenience is described as within walking distance to Downtown Sunnyvale’s Murphy Avenue dining and retail district, the Sunnyvale Caltrain Station, and Whole Foods, with additional shopping at Sunnyvale Town Center.
The property is positioned near major access routes including Highway 101, Highway 237, Highway 85, and El Camino Real. Nearby employment and destinations referenced in the offering include Apple, Google, LinkedIn, AMD, Lockheed Martin Space, NASA Ames Research Center, and the broader Moffett Park employment base.
Additional convenience is described as within walking distance to Downtown Sunnyvale’s Murphy Avenue dining and retail district, the Sunnyvale Caltrain Station, and Whole Foods, with additional shopping at Sunnyvale Town Center.
Key Highlights
- 10‑unit multifamily building built in 1964 on a 0.34‑acre lot
- Unit mix includes eight 1‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units
- Near Highways 101, 237, 85, and El Camino Real
Local Financial Insights For Apartment 5plus
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 | $307.8k | $40.20 |
| − Vacancy | −$13.5k | −$1.77 |
| EGI | $294.2k | $38.43 |
| − OpEx | −$132.4k | −$17.29 |
| NOI | $161.8k | $21.14 |
7,656 SF · lease $40.20/SF/yr · vacancy 4.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.31M
$2.02M – $2.70M
NOI $161,826 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.33M
$2.91M – $3.88M
NOI $232,881 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Built in 1964, this 10-unit apartment building offers eight one-bedroom units and two two-bedroom units.
Where is this apartment building located?
The property is located at 1212 W McKinley Avenue Sunnyvale, CA.
What is the asking price?
The asking price for this property is $3,888,000.
What are key features of this property?
This property features: 10‑unit multifamily building built in 1964 on a 0.34‑acre lot; Unit mix includes eight 1‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units; Near Highways 101, 237, 85, and El Camino Real
