Sunnyvale Multifamily Investment
962 Weddell Drive Sunnyvale, CA 94089
962 Weddell Drive, Sunnyvale, CA, 94089
$4,775,000
For Sale
$4,775,000
20-unit apartment community near Silicon Valley employers.
Property Size8,300 SF
Price / SF$575.30
Days on Market167
Property Features for 962 Weddell Drive
General Information
- Standard status
- Active
- Size
- 8,300 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1961
Listing agency
MARCUS & MILLICHAP
(650) 391-1700
Listed by
MITCHELL ZURICH · License #01870648
Source
Corcoran
Added: Feb 5 Updated: Jul 6 at 9:57AM Checked: Jul 22 at 9:18AM
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
Investment Insights
Based on property information with market context.
The Ponderosa Apartments, located at 962 Weddell Drive in Sunnyvale, California, is a 20-unit apartment community situated on the Sunnyvale/Mountain View border. The property comprises two 10-unit buildings arranged around a pool courtyard. The unit mix features nineteen studio units and one one-bedroom unit, which is occupied by the onsite manager. Onsite amenities include laundry facilities and approximately 27 uncovered parking spaces. The property's location provides access to Highway 101 and State Route 237, facilitating commuting 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 convenient access to dining, retail, and entertainment options in Downtown Sunnyvale and Downtown Mountain View. The property represents an opportunity to acquire a multifamily asset with cash flow and rental growth potential.
Key Highlights
- Prime location on the Sunnyvale/Mountain View border, highly desirable area in Silicon Valley.
- Strong in‑place cash flow with future rental upside potential.
- Excellent commuter access to Silicon Valley via Highway 101 and State Route 237.
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
Property Profile
Location Intelligence
Current Use by Public Records
Stpha
Apartment Building
Donation Box
Charitable Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 20-unit apartment community near Silicon Valley employers.
Where is this apartment building located?
The property is located at 962 Weddell Drive 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, highly desirable area in Silicon Valley.; Strong in‑place cash flow with future rental upside potential.; Excellent commuter access to Silicon Valley via Highway 101 and State Route 237.
