Need more info?

    Renee Adelmann 415-342-4537 Contact Agent
  • MLS® #: ML81768200
  • 611 San Luisito Way
  • SUNNYVALE, CA 94085
  • $5,650,000
  • 9390 SQ. Feet, 0.46 Acres
  • Multi-Residential

Part of a 3-building portfolio- marketing packages available. CAP rate: 4.32% Current / 5.14% Potential. 611 San Luisito Way is a wonderful 13-unit apartment community with 1 (3-Bed/1-Bath), 9 (2-Bed/1-Bath), 3 (1-Bed/1-Bath) units. A tranquil courtyard with mature landscaping and swimming pool creates a garden style feel to the property. Recent capital improvements of over $350,000. 11 of 13 units remodeled. Copper piping and dual pane windows throughout. New electric main panel and subpanels, backflows, pool equipment, paint, roof work, and more. Strategically located near VTA, Caltrain, and Highway 101. Opportunity to add further value by increasing income and continuing the repositioning of the property to the preferences of Silicon Valley technology employees. The shortage of housing units, rent growth, and proximity to large Silicon Valley employers make it a great opportunity for both the cash flow and appreciation-minded investor.

Essential Information

  • MLS® #ML81768200
  • Price$5,650,000
  • Square Footage9,390
  • Acres0.46
  • Year Built1959
  • TypeMulti-Residential
  • Sub-TypeFive or More Units
  • StatusActive

Community Information

  • Address611 San Luisito Way
  • AreaSunnyvale
  • CitySUNNYVALE
  • CountySanta Clara
  • StateCA
  • Zip Code94085

Amenities

  • Parking Spaces8

Utilities

Individual Electric Meters, Individual Gas Meters

Interior

  • HeatingWall Furnace
  • CoolingCeiling Fan

Exterior

  • Lot DescriptionGrade - Level
  • WindowsDouble Pane Windows
  • RoofFlat/Low Pitch
  • ConstructionWood Construction
  • FoundationConcrete Slab

Additional Information

  • ZoningR3
Print this Page
  • Agent: Ismael Benhamida
  • Office: Marcus & Millichap

Property Location

Get directions to this property:
Please provide a valid email address.

© 2019 MLSListings Inc. All rights reserved. Based on information from MLSListings MLS as of October 16th, 2019 at 2:54am PDT.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.