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Sunnyvale Multifamily Investment Opportunity

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

AddedFeb 5

Days on Market161

Last RefreshJul 16 at 6:10 am

Property Features for 962 Weddell Drive

General Information

Standard status: Active
Size: 8,300 SF
Property subtype: Commercial

Building Details

Year Built: 1961

Listing office MARCUS & MILLICHAP

Listing date Feb 5, 2026

Source Corcoran

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

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 (±1% cap)

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 (±1% cap)

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

Suggested Use

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For sale
Apartment buildings
CA
Sunnyvale
94089
962 Weddell Drive

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.