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Eric Boyenga

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

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

$ 12,250,000

Est. payment | -/mo

3 Beds

2 Baths

19,230 SqFt

Save

$ 12,250,000

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 $637

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 program approximately ~$1,500,000 in capital improvements, resulting in a fully renovated, turn-key asset with 25 of 26 units upgraded. In addition, every unit features a private in-unit washer and dryer, a highly differentiated amenity that supports tenant demand and retention. Capital improvements include roof replacement, upgraded subpanels, and extensive interior renovations. As a result, the offering provides a true zero near-term capital expenditure profile, allowing a buyer to step into stabilized operations without additional investment. The property is positioned in the core of Silicon Valley with close proximity to Apple, Google, NVIDIA, LinkedIn, and OpenAI in nearby Mountain View, placing it within one of the regions primary AI and technology employment corridors. Tour and additional information available upon request.

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