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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Mitchell Zurich, DRE #01870648 • Marcus & Millichap

$ 12,400,000

Est. payment | -/mo

3 Beds

2 Baths

19,230 SqFt

Save

$ 12,400,000

Est. payment | -/mo

Save

3 Beds

2 Baths

19,230 SqFt

Key Details

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 19,230 sqft

Price per Sqft $644

MLS Listing ID ML82040844

Bedrooms 3

Full Baths 2

Year Built 1963

Lot Size 0.845 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

Element Apartment Homes is a turnkey, extensively renovated community offering strong in-place income with no near-term capital requirements. All units feature private in-unit washer and dryer and new electrical subpanels, providing enhanced capacity and tenant appeal. The property has undergone a comprehensive renovation, with 25 of 26 units completely upgraded. Improvements include dual-pane windows, modernized interiors, new exterior paint, siding and lighting, and a renovated courtyard with BBQ area. Major capital upgrades include a seismic retrofit and new roof, significantly reducing future capital needs. Located in the heart of Silicon Valley near major employers such as Apple, OpenAI Google, NVIDIA, and LinkedIn, the property benefits from strong underlying rental demand.

Location

State CA

County Santa Clara

Area Sunnyvale

Zoning R3

Interior

Heating Electric

Cooling Other

Exterior

Parking Features Covered Parking, Uncovered Parking

Garage Spaces 12.0

Pool Pool - In Ground

Utilities Available Individual Electric Meters

Roof Type Composition

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer Connected

Water Water On Site

Others

Tax ID 161-17-013

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

1270 Coronado DR Sunnyvale, CA 94086