Quadplex with Covered
For Sale
$1,988,000
750 Calla Dr, Sunnyvale, CA 94086
Each apartment follows a consistent two-bedroom, one-bath configuration.
Property Size3,328 SF
Price / SF$597.36
Days on Market65
Property Features for 750 Calla Dr
General Information
Standard status
Active
Size
3,328 SF
Property subtype
Business Opportunity
Building Details
Year Built
1964
Listing Agency:
KW Bay Area Estates
Listed By:
Joel Calvillo · License #01733780
(408) 892-9158
Source:
Homeisv
Added: Jul 6
Changed: Sep 8
Last Checked: Sep 7 at 7:13PM
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 Bay Area Estates
Investment Insights
Based on property information with market context.
This four-unit residential income property contains 3,328 square feet across apartments measuring approximately 832 SF each. Every residence provides two bedrooms and one bathroom, while assigned covered parking serves the units. Constructed in 1964, the property offers a consistent layout across the building and an established multifamily configuration.
The property is located at 750 Calla Drive in Sunnyvale, with access to Wolfe Rd, El Camino Real, and Sunnyvale Caltrain. Downtown Sunnyvale, parks, the library, Apple Park, and Braly Elementary are nearby, with the school approximately one block away. The surrounding employment base includes Apple, Google, LinkedIn, NVIDIA, Microsoft, and Amazon.
No City of Sunnyvale local rent control ordinance is in effect. State AB 1482 permits annual increases of 5% plus the Bay Area Consumer Price Index, subject to a 10% annual maximum; buyers should independently verify applicable requirements.
The property is located at 750 Calla Drive in Sunnyvale, with access to Wolfe Rd, El Camino Real, and Sunnyvale Caltrain. Downtown Sunnyvale, parks, the library, Apple Park, and Braly Elementary are nearby, with the school approximately one block away. The surrounding employment base includes Apple, Google, LinkedIn, NVIDIA, Microsoft, and Amazon.
No City of Sunnyvale local rent control ordinance is in effect. State AB 1482 permits annual increases of 5% plus the Bay Area Consumer Price Index, subject to a 10% annual maximum; buyers should independently verify applicable requirements.
Key Highlights
- Four‑unit property with 3,328 SF total building area
- Four apartments, each approximately 832 SF with 2BR/1BA
- Assigned covered parking for the units
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
$76,342
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
3.84%
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%
$1,526,840
$1.5M
Cap Rate 7%
$1,090,600
$1.1M
Cap Rate 9%
$848,244
$848.2K
Market Conditions
NOI Build-Up for 3,328 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
$113.8K $34.20/SF
− Vacancy
−$4.8K −$1.43/SF
EGI
$109.1K $32.77/SF
− OpEx
−$32.7K −$9.83/SF
NOI
$76.3K $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%
$1,526,840
Cap Rate 7%
$1,090,600
Cap Rate 9%
$848,244
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$954.3K – $1.27M
NOI $76,342 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$1.00M
$879.3K – $1.17M
NOI $70,344 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,231 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,175
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 - Each apartment follows a consistent two-bedroom, one-bath configuration.
Where is this quadplex located?
The property is located at 750 Calla Dr Sunnyvale, CA.
What is the asking price?
The asking price for this property is $1,988,000.
What are key features of this property?
This property features: Four‑unit property with 3,328 SF total building area; Four apartments, each approximately 832 SF with 2BR/1BA; Assigned covered parking for the units
