Four-Unit Multifamily
For Sale
$2,600,000
651 Belladonna Ct, Sunnyvale, CA 94086
Four-unit income property built in 1969, positioned on a quiet cul-de-sac with a recently sealed driveway.
Property Size4,127 SF
Price / SF$629
Days on Market60
Property Features for 651 Belladonna Ct
General Information
Standard status
Active
Size
4,127 SF
Property subtype
Investment
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$28,145
Building Details
Building Size
4,127 SF
Year Built
1969
Stories
2
Units
4
Listing Agency:
BellStreet
(650) 282-0477
Listed By:
Amit Urban · License #01998926
(650) 282-0477
Source:
Elliman
Added: Jun 25
Changed: Aug 23
Last Checked: Aug 18 at 7:43AM
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 BellStreet
Investment Insights
Based on property information with market context.
This four-unit multifamily property includes four expansive units within a 4,127 SF building and was built in 1969. The asset is described as well-maintained, with the driveway recently sealed, and the building has passed the SB 721 balcony inspection, supporting full regulatory compliance with minimal near-term capital expenditure. The property is also noted to have a strong rental history.
The home is situated on a quiet cul-de-sac with no through traffic. The surrounding area is described as offering dining, shopping, and entertainment options, and it is noted to be near Murphy Avenue and the Sunnyvale Farmers Market. Access to major tech employers, top-rated schools, and nearby parks is also referenced in the provided remarks, with the property located in the Sunnyvale school district.
For buyers and investors, the seller’s materials project Year-1 income exceeding $160,000 based on the current rental performance.
The home is situated on a quiet cul-de-sac with no through traffic. The surrounding area is described as offering dining, shopping, and entertainment options, and it is noted to be near Murphy Avenue and the Sunnyvale Farmers Market. Access to major tech employers, top-rated schools, and nearby parks is also referenced in the provided remarks, with the property located in the Sunnyvale school district.
For buyers and investors, the seller’s materials project Year-1 income exceeding $160,000 based on the current rental performance.
Key Highlights
- 4,127 SF, four‑unit multifamily property built in 1969
- Located on a quiet cul‑de‑sac with no through traffic
- Recently sealed driveway
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,671
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,893,420
$1.9M
Cap Rate 7%
$1,352,443
$1.4M
Cap Rate 9%
$1,051,900
$1.1M
Market Conditions
NOI Build-Up for 4,127 SF
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.
Gross rent
$141.1K $34.20/SF
− Vacancy
−$5.9K −$1.43/SF
EGI
$135.2K $32.77/SF
− OpEx
−$40.6K −$9.83/SF
NOI
$94.7K $22.94/SF
Area
Sunnyvale, CA
Vacancy
4.18%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,893,420
Cap Rate 7%
$1,352,443
Cap Rate 9%
$1,051,900
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,671 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.45M
NOI $87,233 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,535 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,649
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 - Four-unit income property built in 1969, positioned on a quiet cul-de-sac with a recently sealed driveway.
Where is this quadplex located?
The property is located at 651 Belladonna Ct Sunnyvale, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 4,127 SF, four‑unit multifamily property built in 1969; Located on a quiet cul‑de‑sac with no through traffic; Recently sealed driveway
