1155 Ayala Dr Sunnyvale, CA 94086

Property Details for 1155 Ayala Dr

Year built

1964

Property size

3,072 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a four-unit apartment building situated on a 7,405 square foot lot in desirable Sunnyvale, California. The property, built in 1964, boasts 3,072 square feet and features four two-bedroom, one-bathroom units, offering significant rental income potential. The asking price is $2,080,000, representing a price per square foot of $677.08 and a price per unit of $520,000. The current Net Operating Income (NOI) is $76,327, yielding a 3.67% cap rate, while the pro-forma NOI is $92,914, resulting in a 4.47% pro-forma cap rate. The land value is $281 per square foot. Recent improvements include a new washer and dryer in the common area laundry room. Conveniently located just 1.5 miles from downtown Sunnyvale and the Caltrain station, the property offers easy access to Highways 237, 85, and 101. Its proximity to major tech employers, including LinkedIn, Juniper Networks, Fortinet, and others, ensures strong tenant demand. The property is zoned R3. This is a compelling investment opportunity in a thriving Silicon Valley market.