Apartment Community with
960-962 W Weddell Dr Sunnyvale, CA 94089
960-962 W Weddell Dr, Sunnyvale, CA, 94089
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For Sale
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Two 10-unit apartment buildings share a central pool courtyard and provide onsite laundry and uncovered parking.
Property Size8,300 SF
Price / SF$575.30
Days on Market101
Property Features for 960-962 W Weddell Dr
General Information
- Standard status
- Active
- Size
- 8,300 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1961
Listing agency
Marcus & Millichap - Palo Alto
(650) 391-1824
Listed by
Mitchell Zurich · License #CA 01870648
Source
Crexi
Added: Apr 14 Updated: Jul 22 at 4:34PM Checked: Jul 22 at 4:34PM
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 Marcus & Millichap - Palo Alto
Investment Insights
Based on property information with market context.
960–962 W. Weddell Drive is a 20-unit apartment community comprised of two separate 10-unit buildings. The property features a central pool courtyard and includes onsite laundry. The unit mix consists of nineteen studio units and one 1-bedroom unit occupied by the onsite manager, and the community provides approximately 27 uncovered parking spaces.
The property is positioned near Highway 101 and State Route 237, supporting convenient commuter access. It is located on the Sunnyvale/Mountain View border and is surrounded by major technology employers, which helps drive ongoing rental demand, with additional access to nearby downtown destinations in Sunnyvale and Mountain View.
From a configuration standpoint, the community is designed around the two-building layout with a shared courtyard, offering a compact, low-rise rental housing option with basic resident services and parking in place.
The property is positioned near Highway 101 and State Route 237, supporting convenient commuter access. It is located on the Sunnyvale/Mountain View border and is surrounded by major technology employers, which helps drive ongoing rental demand, with additional access to nearby downtown destinations in Sunnyvale and Mountain View.
From a configuration standpoint, the community is designed around the two-building layout with a shared courtyard, offering a compact, low-rise rental housing option with basic resident services and parking in place.
Key Highlights
- 20‑unit apartment community with two 10‑unit buildings built in 1961
- Unit mix of nineteen studio units and one 1‑bedroom unit (onsite manager unit)
- Central pool courtyard serving both buildings
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $333.7k | $40.20 |
| − Vacancy | −$14.7k | −$1.77 |
| EGI | $319.0k | $38.43 |
| − OpEx | −$143.5k | −$17.29 |
| NOI | $175.4k | $21.14 |
8,300 SF · lease $40.20/SF/yr · vacancy 4.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.51M
$2.19M – $2.92M
NOI $175,438 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,470 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Two 10-unit apartment buildings share a central pool courtyard and provide onsite laundry and uncovered parking.
Where is this apartment building located?
The property is located at 960-962 W Weddell Dr Sunnyvale, CA.
What is the asking price?
The asking price for this property is $4,775,000.
What are key features of this property?
This property features: 20‑unit apartment community with two 10‑unit buildings built in 1961; Unit mix of nineteen studio units and one 1‑bedroom unit (onsite manager unit); Central pool courtyard serving both buildings
