Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R3 · Sunnyvale, CAThe 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R3 in Sunnyvale, CA.
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