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    1371 S Wolfe Road

    Sunnyvale, CA 94087
    • $2,100,000
    • STATUS: Active
    • ON SITE: 14 days
    • ID#: ML81814828
    UPDATED: 65 min ago
    $2,100,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,595
      SQFT
    • $584
      $/SQFT
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    School District:

    Description

    Offers Due by 5:00PM on Thursday, October 22nd. Wonderful value-add Sunnyvale fourplex w/ top ranked Cupertino schools. The property has a superb unit mix that includes one large 3-bedroom/2-bath townhouse style owner's unit w/ vaulted ceiling, fireplace, & large private yard, two 2-bedroom/1.5-bath townhouse units w/ large private backyards, & one studio unit. The current owner & their family have owned the property for over fifty years & rents are significantly below market providing the new owner w/ significant income and value upside (proforma CAP Rate: 5.49%). Located less than 1 mile from Apple headquarters in Cupertino. Additionally, it feeds into Louis E. Stocklmeir Elementary (2012 API: 974), Cupertino Middle (2012 API: 934), & Fremont High (2012 API: 767). The superb unit mix, significant income upside, excellent schools, & proximity to Silicon Valley employers make it a great opportunity for both the cash flow & appreciation minded investor. Offering memorandum available.

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    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-23T06:46:29.717.

    www.searcheastbayrealestate.com/homes/110845797
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    1371 S Wolfe Road Sunnyvale, CA 94087

    • Price: $2,100,000
    • Status: Active
    • Updated: 65 min ago
    • ID#: ML81814828
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,595
    SQFT
    $584
    $/SQFT
    1963
    Built
    Neighborhood:
    All Other Counties/States
    County:
    Santa Clara
    Area:
    All Other Counties/States
    School District:
    Fremont (510) 657-2350
    Property Description
    Offers Due by 5:00PM on Thursday, October 22nd. Wonderful value-add Sunnyvale fourplex w/ top ranked Cupertino schools. The property has a superb unit mix that includes one large 3-bedroom/2-bath townhouse style owner's unit w/ vaulted ceiling, fireplace, & large private yard, two 2-bedroom/1.5-bath townhouse units w/ large private backyards, & one studio unit. The current owner & their family have owned the property for over fifty years & rents are significantly below market providing the new owner w/ significant income and value upside (proforma CAP Rate: 5.49%). Located less than 1 mile from Apple headquarters in Cupertino. Additionally, it feeds into Louis E. Stocklmeir Elementary (2012 API: 974), Cupertino Middle (2012 API: 934), & Fremont High (2012 API: 767). The superb unit mix, significant income upside, excellent schools, & proximity to Silicon Valley employers make it a great opportunity for both the cash flow & appreciation minded investor. Offering memorandum available.
    Exterior Features

    Lot Description Level Parking Spaces Total 5 Yard Description Back YardFenced

    Interior Features

    Apx Sq Ft Unit1 1200 Apx Sq Ft Unit2 1000 Apx Sq Ft Unit3 1000 Apx Sq Ft Unit4 400 Bedrooms Unit1 3 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 0 Cooling Ceiling Fan(S) Flooring LaminateTile Heating Electric Laundry Coin Operated

    Property Features

    Age 57 Annual Gross Sched Income 116861 Annual Rental Inc 115980 Annual Taxes 25074 Annual Utility Expense 5758 Building Type Fourplex City Transfer Tax No Disclosures Nat Hazard DisclosureRent Control Existing Lease Terms Month To Month Financial Data Source EstimatedOwner Grade School District Cupertino Union Operating Expenses ElectricGasMaintenance/RepairTrash RemovalWater Point Of Sale Ordinance No Possession Tenant's Rights Rent Unit1 3075 Rent Unit2 2495 Rent Unit3 2500 Rent Unit4 1595 Tenant Pays ElectricGas Terms CashConventional Water Sewer Sewer System - PublicWater - Public Zoning R3

    Listing courtesy of Ismael Benhamida of Marcus & Millichap.


    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-23T06:46:29.717.

     
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