Property profile

530 Columbia Ave Sunnyvale, CA 94085

OFF-MARKET
Apartment buildings
Property ID
US09-2086622
4,101 SF 0.2 ac lot Built 1961
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional six-unit multi-family property at 530 Columbia Avenue in Sunnyvale, California presents a compelling investment opportunity. The 4,101 square foot building, constructed in 1961, sits on a sizable 0.2-acre lot (8,539 square feet) and offers a diverse mix of units: one three-bedroom/two-bathroom, one two-bedroom/one-bathroom, and four one-bedroom/one-bathroom units. Recent upgrades include four remodeled bathrooms and a complete replacement of the hot water supply lines with copper piping. The property's layout includes a spacious two-story front unit, ideal for owner-occupancy, adding significant versatility and potential for increased income. Located just one mile from Downtown Sunnyvale, this property benefits from its proximity to major tech employers such as LinkedIn, Google, Microsoft, and NVIDIA, as well as Levi's Stadium. Easy access to Lawrence Expressway, El Camino Real, and Highways 101 and 237 ensures convenient commuting. The property's current configuration offers significant upside potential through further interior renovations, promising strong rental income growth for the astute investor. Priced at $2,200,000, this is a rare chance to acquire a well-located, multi-family investment in the thriving Sunnyvale market.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1961
Construction WOOD
Total area 4,101 SF
Lot 0.2 ac (8,646 SF)
Zoning code R3
APN 204-38-034
UPID US09-2086622

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

530 Columbia Ave Sunnyvale, CA 94085-4474
Sunnyvale metro Census 508800 SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$700k

Owner & transaction history

since 2006
4 recorded transactions
2019
Price N/A
2006
Price N/A
1992
Price N/A
1969
Price N/A

Zoning & alternative use

R3 · Sunnyvale, CA
Zoning description

The R-3 medium density residential zoning district is reserved for the construction, use and occupancy of not more than twenty-four dwelling units per acre. (f) The R-4 high density residential zoning district is reserve…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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