Sunnyvale Multifamily Investment
For Sale
$1,950,000
1560 Albatross Drive, Sunnyvale, CA 94087
Four-unit complex in desirable Ortega Park neighborhood, Sunnyvale.
Property Size2,778 SF
Days on Market267
Property Features for 1560 Albatross Drive
General Information
Standard status
Active
Size
2,778 SF
Property subtype
Quadruplex
Amenities
Security System
Electric
Ceiling Fan
Window/Wall Unit
Garbage Disposal
Oven - Electric
Oven Range - Electric
Refrigerator
Public Utilities, Individual Gas Meters, Wood
Building Details
Building Size
2,778 SF
Year Built
1964
Listing Agency:
Marcus & Millichap
Listed By:
Cassandra Smillie Wyckoff · License #02208464
(650) 224-7190
Source:
Kw
Added: Feb 11
Changed: Nov 1
Last Checked: Nov 3 at 1:53PM
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 Marcus & Millichap
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Investment Insights
Based on property information with market context.
This well-maintained four-unit multifamily complex presents an investment opportunity in Sunnyvale's Ortega Park neighborhood. The property features a mix of two-bedroom, one-and-one-half-bath units and one-bedroom, one-bath residences, each with functional floor plans and private patio space. Ample on-site parking is available. One unit is currently vacant, offering an owner-user opportunity to occupy and customize the space while benefiting from rental income from the other units. The property is near major Silicon Valley employment centers, including Apple, Google, LinkedIn, Amazon, Meta, and AMD, with access to Highways 85 & 280, Caltrain, retail amenities, parks, and the Sunnyvale, Cupertino, and Mountain View tech corridors. The property is located within the Cupertino Union School District and Fremont Union High School District, with nearby schools including Louis E. Stocklmeir Elementary School, Cupertino Middle School, and Fremont High School.
Key Highlights
- Rare owner‑user opportunity: Customize the vacant unit while enjoying rental income.
- Located in Sunnyvale's desirable Ortega Park neighborhood.
- Proximity to major Silicon Valley employers.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,725
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,274,500
$1.3M
Cap Rate 7%
$910,357
$910.4K
Cap Rate 9%
$708,056
$708.1K
Market Conditions
NOI Build-Up for 2,778 SF
Gross rent
$95.0K $34.20/SF
− Vacancy
−$4.0K −$1.43/SF
EGI
$91.0K $32.77/SF
− OpEx
−$27.3K −$9.83/SF
NOI
$63.7K $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 Rate 5%
$1,274,500
Cap Rate 7%
$910,357
Cap Rate 9%
$708,056
Alternative Uses
Best Use
Multifamily LT 5
$910.4K
$796.6K – $1.06M
NOI $63,725 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$838.8K
$734.0K – $978.7K
NOI $58,719 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,501 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
Explore this area
Business Placement
Demographics for 94087, CA
58,344
Population
21,429
Households
2.7
Avg Household Size
39
Median Age
77%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
8,840
Density / Sq Mi
$200,778
Median Household Income
$121,243
Median Earnings
$3,222
Median Rent
$2,000,001
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit complex in desirable Ortega Park neighborhood, Sunnyvale.
Where is this quadplex located?
The property is located at 1560 Albatross Drive Sunnyvale, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Rare owner‑user opportunity: Customize the vacant unit while enjoying rental income.; Located in Sunnyvale's desirable Ortega Park neighborhood.; Proximity to major Silicon Valley employers.
