Residential Income Property with
For Sale
$2,498,000
Pending
1610 Ottawa Court, Sunnyvale, CA 94087
R3-zoned residential income property with a carport and established interior utility features.
Property Size3,860 SF
Days on Market167
Property Features for 1610 Ottawa Court
General Information
Standard status
Pending
Size
3,860 SF
Property subtype
Residential Income
Zoning
R3
Lease Term
12 Months
Taxes and HOA fees
Annual Taxes
$20,218
Amenities
Coin Laundry
Wall/Window Unit(s)
Wall Furnace, Other
Oven, Range, Dishwasher, Refrigerator, Range Hood, Electric Range
Carport, Assigned
Building Details
Building Size
3,860 SF
Year Built
1964
Buildings
1
Stories
2
Listing Agency:
(408) 888-9194
Listed By:
Jinny Ahn
(408) 888-9194
Source:
Evrealestate
Added: Mar 18
Changed: Aug 31
Last Checked: Aug 31 at 12:45PM
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 Jinny Ahn
Investment Insights
Based on property information with market context.
This residential income property was built in 1964 and includes a carport. Interior features include wall and window unit cooling, a wall furnace, a dishwasher, a refrigerator, and a range hood. The property is located on Ottawa Court in Sunnyvale, California, with Kirkland Drive identified as the cross street. R3 zoning supports its residential classification.
Key Highlights
- R3 zoning
- Built in 1964
- Carport included
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
$81,589
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
3.27%
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%
$1,631,780
$1.6M
Cap Rate 7%
$1,165,557
$1.2M
Cap Rate 9%
$906,544
$906.5K
Market Conditions
NOI Build-Up for 3,860 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
$155.2K $40.20/SF
− Vacancy
−$6.8K −$1.77/SF
EGI
$148.3K $38.43/SF
− OpEx
−$66.8K −$17.29/SF
NOI
$81.6K $21.14/SF
Area
Sunnyvale, CA
Vacancy
4.40%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,631,780
Cap Rate 7%
$1,165,557
Cap Rate 9%
$906,544
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,589 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,414 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
733
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - R3-zoned residential income property with a carport and established interior utility features.
Where is this residential income property located?
The property is located at 1610 Ottawa Court Sunnyvale, CA.
What is the asking price?
The asking price for this property is $2,498,000.
What are key features of this property?
This property features: R3 zoning; Built in 1964; Carport included
