Updated 4-Unit Multifamily
New
For Sale
$2,250,000
632 E Olive AVE, Sunnyvale, CA 94086
Residential Income (2-4 units), SUNNYVALE, CA
Property Size3,782 SF
Lot Size0.19 Acres
Price / SF$594.92
Days on Market3
Property Features for 632 E Olive AVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
9
Rooms
Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 8, Bedroom 9, Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 2
Parking features
Garage - Detached, Assigned, Carport
Appliances
Countertop - Granite, Countertop - Marble, Dishwasher, Exhaust Fan, Garbage Disposal, Oven Range - Electric, Oven Range - Gas, Refrigerator
Subdivision
Sunnyvale
Standard status
Active
Size
3,782 SF
Lot size
0.19 Acres
Utilities
Heating system
Wall Furnace, Central, Forced Air
Water source
Public
Amenities
laminate and tile flooring
dishwashers
in-unit stackable washer and dryers
fenced private patios with storage sheds
front-facing upstairs balconies
Building Details
Year built
1966
Number of units
4
Flooring type
Laminate, Tile
Building materials
Wood Frame
Roof type
Composition
Listing Agency:
SiliconValley MultiFamilyGroup
(408) 356-1900
Listed By:
Michael Shields · License #01327546
(408) 354-7470
Added: Oct 5
Last Checked: Oct 7 at 8:06AM
MLS# ML82063654
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,782-square-foot quadplex contains four remodeled residences on a 0.1869-acre parcel. The unit mix comprises two three-bedroom apartments, one with two bathrooms and the other with one and a half, plus a two-bedroom, one-bathroom unit and a one-bedroom, one-bathroom unit. Interior features include laminate and tile flooring, dishwashers, and in-unit stackable laundry. Two residences have fenced patios with storage sheds; the remaining two have upper-level balconies. Parking includes three detached garages and two carports. The property was built in 1966 and is zoned R3.
The property is near Downtown Sunnyvale’s Murphy Street dining and retail offerings, grocery stores, shopping centers, and parks. Caltrain and major transportation routes are also nearby, along with employment centers including Intuitive Surgical, Lockheed Martin, Google, and Apple.
The property is near Downtown Sunnyvale’s Murphy Street dining and retail offerings, grocery stores, shopping centers, and parks. Caltrain and major transportation routes are also nearby, along with employment centers including Intuitive Surgical, Lockheed Martin, Google, and Apple.
Key Highlights
- Four units with a 3,782‑square‑foot building area
- Unit mix: two 3‑bedroom units, one 2‑bedroom unit, and one 1‑bedroom unit
- 0.1869‑acre parcel; R3 zoning
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences offer remodeled interiors, private outdoor spaces, and a mix of garage and carport parking.
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 units with a 3,782‑square‑foot building area; Unit mix: two 3‑bedroom units, one 2‑bedroom unit, and one 1‑bedroom unit; 0.1869‑acre parcel; R3 zoning
