10193 Park E Cir Cupertino, CA 95014-1950

Property Details for 10193 Park E Cir

Year built

1963

Construction

WOOD

Lot size

0.34 lot acres

Property size

6,440 SF

Zone code

R322

Property type

Apartment buildings

APN

326-32-017

APU

32632017

Description

This exceptional investment opportunity presents a portfolio of two 8-unit apartment buildings totaling 16 units, situated on a combined 0.34 acres in the highly desirable Cupertino, California market. The Class B property, built in 1963, boasts a total net rentable area of 7,252 square feet, spread across two two-story buildings. Currently operating at 100% occupancy, the property generates a strong pro-forma NOI of $185,977, representing a compelling 4.04% pro-forma cap rate. The asking price is $4,600,000, translating to $575,000 per unit. This value-add opportunity is ideally positioned within walking distance of major employers like Apple and Amazon, as well as popular amenities such as Whole Foods and Target. The property's location in the heart of Silicon Valley offers significant potential for future appreciation. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in one of the most dynamic and sought-after markets in the country. The property has been meticulously maintained and presents a unique chance to capitalize on the strong rental demand in the area. The buildings are situated close to each other, offering potential for synergistic management and operational efficiencies. This is a rare opportunity to acquire a stable, income-producing asset with significant upside potential. The property has not been on the market for over 25 years, presenting a unique opportunity for a long-term investment.

Location Insight

City

Cupertino

County

Santa Clara

State

California

Longitude

-122.035

Latitude

37.3258

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments