4-Unit Multifamily
For Sale
$2,250,000
632 E Olive Ave, Sunnyvale, CA 94086
Four updated residences offer private patios or balconies, dishwashers and in-home laundry.
Property Size3,782 SF
Price / SF$594.92
Days on Market8
Property Features for 632 E Olive Ave
General Information
Standard status
Active
Size
3,782 SF
Total Parking Spaces
5
Property subtype
Business Opportunity
Units
Unit Mix
1 x 3BD/2BA, 1 x 3BD/1.5BA, 1 x 2BD/1BA, 1 x 1BD/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Amenities
laminate flooring
tile flooring
dishwasher
in-unit washer and dryer
private patio
storage shed
balcony
Building Details
Year Built
1966
Listing Agency:
SiliconValley MultiFamilyGroup
Listed By:
Michael Shields · License #1327546
(408) 356-1900
Source:
Homeisv
Added: Oct 7
Last Checked: Oct 7 at 11:24AM
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 SiliconValley MultiFamilyGroup
Investment Insights
Based on property information with market context.
Built in 1966, this Sunnyvale multifamily property contains four remodeled homes: a 3-bedroom, 2-bath unit; a 3-bedroom, 1.5-bath unit; a 2-bedroom, 1-bath unit of approximately 850 square feet; and a 1-bedroom, 1-bath unit of approximately 550 square feet. Interiors feature laminate and tile flooring, dishwashers and stackable laundry appliances. Units 1 and 2 have enclosed patios with storage sheds; Units 3 and 4 have upstairs balconies. Parking includes three private garages and two carports.
The property is near Downtown Sunnyvale’s Murphy Street dining, shopping and entertainment, as well as grocery stores, retail centers and parks. Caltrain and major transportation routes are also nearby. The area’s employment centers include Intuitive Surgical, Lockheed Martin, Juniper Networks, Synopsys, Fortinet and NetApp, with Google, NASA Ames Research Center, LinkedIn and Amazon in the Mountain View corridor. Bike Score is 86, Walk Score is 83 and Transit Score is 52.
The property is near Downtown Sunnyvale’s Murphy Street dining, shopping and entertainment, as well as grocery stores, retail centers and parks. Caltrain and major transportation routes are also nearby. The area’s employment centers include Intuitive Surgical, Lockheed Martin, Juniper Networks, Synopsys, Fortinet and NetApp, with Google, NASA Ames Research Center, LinkedIn and Amazon in the Mountain View corridor. Bike Score is 86, Walk Score is 83 and Transit Score is 52.
Key Highlights
- Four residences: 3BD/2BA, 3BD/1.5BA, 2BD/1BA and 1BD/1BA
- Approx. 850‑square‑foot 2BD/1BA and 550‑square‑foot 1BD/1BA units
- Remodeled interiors with laminate and tile floors, dishwashers and stackable laundry appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,756
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,735,120
$1.7M
Cap Rate 7%
$1,239,371
$1.2M
Cap Rate 9%
$963,956
$964.0K
Market Conditions
NOI Build-Up for 3,782 SF
Gross rent
$129.3K $34.20/SF
− Vacancy
−$5.4K −$1.43/SF
EGI
$123.9K $32.77/SF
− OpEx
−$37.2K −$9.83/SF
NOI
$86.8K $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%
$1,735,120
Cap Rate 7%
$1,239,371
Cap Rate 9%
$963,956
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.45M
NOI $86,756 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$1.14M
$999.3K – $1.33M
NOI $79,941 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,041 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,928
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four updated residences offer private patios or balconies, dishwashers and in-home laundry.
Where is this quadplex located?
The property is located at 632 E Olive Ave Sunnyvale, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Four residences: 3BD/2BA, 3BD/1.5BA, 2BD/1BA and 1BD/1BA; Approx. 850‑square‑foot 2BD/1BA and 550‑square‑foot 1BD/1BA units; Remodeled interiors with laminate and tile floors, dishwashers and stackable laundry appliances
