Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sunnyvale Multifamily Investment Opportunity Title is generated by Realmo AI

    960 W Weddell Dr, Sunnyvale, CA 94089

    View on Map
    Claim this Listing
    For Sale
    $4,775,000

    20-unit apartment community near major tech employers.

    Type:Multifamily
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 5:04 am

    Property Features for 960 W Weddell Dr

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Matthew Gerry
    Matthew Gerry

    Listing agent Matthew Gerry License #CA: 02243535

    Listing office Palo Alto Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Palo Alto Office

    HighLights

    • Prime location on the Sunnyvale/Mountain View border, a highly desirable Silicon Valley rental submarket.
    • Strong in‑place cash flow with future rental upside potential.
    • Excellent commuter access to Silicon Valley via Highway 101 and State Route 237.
    • Close proximity to major technology employers (Google, Apple, Amazon, etc.) and the Moffett Park employment corridor, ensuring consistent rental demand.
    • Two 10‑unit buildings with a central pool courtyard.
    • Onsite laundry and approximately 27 uncovered parking spaces.

    Overview

    Located on the Sunnyvale/Mountain View border, 960–962 W. Weddell Drive is a 20-unit apartment community comprised of two 10-unit buildings with a central pool courtyard. The property offers in-place cash flow with future rental upside. The unit mix includes nineteen studio units and one 1-bedroom unit occupied by the onsite manager. Onsite laundry facilities are available, and there are approximately 27 uncovered parking spaces. The property is positioned near Highway 101 and State Route 237, providing commuter access throughout Silicon Valley. It is located near major technology employers including Google, Apple, Amazon, LinkedIn, and Microsoft, as well as the Moffett Park employment corridor. Residents have close proximity to Downtown Sunnyvale and Downtown Mountain View, which offer dining, retail, and entertainment amenities. The property represents an opportunity to acquire a multifamily asset in a desirable rental submarket, offering both stable cash flow and continued rental growth potential.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sunnyvale
    County
    Santa Clara
    State
    California
    Longitude
    -122.02598
    Latitude
    37.40025

    Nearby Similar for Sale

    • $1,988,000
      3,328 SF

      Fourplex with Assigned Covered Parking

      Four 2BR/1BA units with assigned covered parking, providing a straightforward residential income setup in an R3 zone.
      750 Calla DR, Sunnyvale, CA 94086
      View Details
    • $362,000
      1,782 SF

      Functional Office Space in Sunnyvale

      Bright office with flexible layout, convenient location, and modern amenities.
      1225 Vienna Dr 72, Sunnyvale, CA 94089
      View Details
    • $389,000

      Updated Home in 55+ Community

      Move-in ready 2-bedroom home in a welcoming senior community.
      1111 Morse Ave 227, Sunnyvale, CA 94089
      View Details
    • $1,248,000

      Move-in Ready Industrial/Flex Unit

      Functional industrial condo with office, warehouse, and mezzanine storage.
      M-233 E Weddell Drive, Sunnyvale, CA 94089
      View Details
    • $10,500,000
      2,460 SF

      High-Traffic Gas Station with Repair

      Well-located gas station with repair bays in Sunnyvale, California.
      1296 Sunnyvale Saratoga Rd, Sunnyvale, CA 94087
      View Details
    • $7,812,575
      25,615 SF

      Corner Industrial Flex Facility

      Corner industrial flex facility with fire sprinklers and immediate availability, supported by MS Industrial zoning.
      1294 Hammerwood Avenue, Sunnyvale, CA 94089
      View Details
    • $389,000
      1,725 SF

      Spacious Home in Family Community

      Well-maintained 3-bedroom, 2-bath home with community amenities.
      1085 Tasman Dr 620, Sunnyvale, CA 94089
      View Details
    • $4,995,000
      13,600 SF

      Sunnyvale Flex Office/Warehouse Space

      Flex space with office and warehouse components in Sunnyvale.
      1260 Birchwood Drive, Sunnyvale, CA, 94089
      View Details
    • $339,000
      1,230 SF

      Sunnyvale Mobile Home in Park

      Move-in ready home in all-age community with amenities.
      1085 Tasman Dr 124, Sunnyvale, CA 94089
      View Details
    • $229,500

      Upgraded Home in 55+ Park

      Spacious, upgraded home in a desirable 55+ community.
      690 Persian Dr 61, Sunnyvale, CA 94089
      View Details
    • $5,200,000
      3,215 SF

      Retail Space Near Major Corner

      Single-tenant retail building with open area and storage.
      548-562 S Murphy Ave, Sunnyvale, CA
      View Details
    • $2,288,000
      3,168 SF

      Sunnyvale Multifamily Investment Opportunity

      Four updated units in prime Sunnyvale location near tech companies.
      1248 Cortez Dr, Sunnyvale, CA 94086
      View Details

    FAQs

    What type of property is this?
    Apartment building - 20-unit apartment community near major tech employers.
    Where is this apartment building located?
    The property is located at 960 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: Prime location on the Sunnyvale/Mountain View border, a highly desirable Silicon Valley rental submarket.; Strong in‑place cash flow with future rental upside potential.; Excellent commuter access to Silicon Valley via Highway 101 and State Route 237.
    (650) 391-1790
    We can help!
    Listing Contact
    Matthew Gerry
    Matthew Gerry
    Real Estate License ID: CA: 02243535
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    960 W Weddell Dr, Sunnyvale, CA 94089
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!