Townhouse-Style Quadplex with Private
For Sale
$1,749,000
1736 Noranda Drive, Sunnyvale, CA 94087
Four attached residences offer varied bedroom configurations and individual outdoor areas in Sunnyvale.
Property Size3,888 SF
Price / SF$449.85
Days on Market70
Property Features for 1736 Noranda Drive
General Information
Standard status
Active
Size
3,888 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1.5BA, 1 x 1BR/1.5BA, 1 x 3BR/1.5BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$20,500
Building Details
Year Built
1964
Construction
townhouse style
Listing Agency:
Infiniti Real Estate
(408) 781-3181
Listed By:
Truman Nhu · License #01110101
(408) 781-3181
Source:
Exitrealty
Added: Jun 24
Changed: Aug 30
Last Checked: Aug 31 at 4:20PM
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 Infiniti Real Estate
Investment Insights
Based on property information with market context.
This 3,888-square-foot quadplex was built in 1964 and is arranged in a townhouse-style configuration. The unit mix includes two two-bedroom residences, one one-bedroom residence, and one three-bedroom residence; each unit has 1.5 baths. Sliding doors connect the dining and kitchen areas to small private patios, adding dedicated outdoor space to each residence.
The property is located at 1736 Noranda Drive in Sunnyvale, California. Residents have access to Nimitz Elementary, Cupertino Middle, and Homestead High schools. Apple Park, Downtown Sunnyvale, and major employers including Google, LinkedIn, and Amazon are described as being just minutes away.
The property is located at 1736 Noranda Drive in Sunnyvale, California. Residents have access to Nimitz Elementary, Cupertino Middle, and Homestead High schools. Apple Park, Downtown Sunnyvale, and major employers including Google, LinkedIn, and Amazon are described as being just minutes away.
Key Highlights
- 3,888‑square‑foot quadplex at 1736 Noranda Drive, Sunnyvale, CA 94087
- Unit mix includes two 2‑bedroom units, one 1‑bedroom unit, and one 3‑bedroom unit
- Each residence includes 1.5 baths and a small private patio
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
$89,188
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
5.10%
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%
$1,783,760
$1.8M
Cap Rate 7%
$1,274,114
$1.3M
Cap Rate 9%
$990,978
$991.0K
Market Conditions
NOI Build-Up for 3,888 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
$133.0K $34.20/SF
− Vacancy
−$5.6K −$1.43/SF
EGI
$127.4K $32.77/SF
− OpEx
−$38.2K −$9.83/SF
NOI
$89.2K $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%
$1,783,760
Cap Rate 7%
$1,274,114
Cap Rate 9%
$990,978
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.49M
NOI $89,188 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,181 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,265 @ 7.0% cap · market cap 6.76%
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
739
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
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 attached residences offer varied bedroom configurations and individual outdoor areas in Sunnyvale.
Where is this quadplex located?
The property is located at 1736 Noranda Drive Sunnyvale, CA.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: 3,888‑square‑foot quadplex at 1736 Noranda Drive, Sunnyvale, CA 94087; Unit mix includes two 2‑bedroom units, one 1‑bedroom unit, and one 3‑bedroom unit; Each residence includes 1.5 baths and a small private patio
