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Eric Boyenga

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

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

$ 11,600,000

Est. payment | -/mo

3 Beds

2 Baths

19,230 SqFt

Save

$ 11,600,000

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 $603

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

$800,000 PRICE REDUCTION - NEW PRICE $11,600,000. SELLER IS TARGETING A YEAR END CLOSING AND ENCOURAGES OFFERS. Offering Memorandum and DD File available. Element Apartment Homes is an extensively renovated 26 unit apartment community offering strong in place income with limited near term capital requirements. The property has undergone a comprehensive renovation program with more than $1.35 million in capital improvements. All units feature private in unit washer and dryer and upgraded electrical subpanels, providing enhanced capacity and tenant appeal. Additional capital improvements include roof replacement, seismic retrofit, dual pane windows, copper plumbing, extensive interior renovations, and more. The property continues to offer upside in existing rents, supported by strong rent growth across Sunnyvale. Sunnyvale apartment rents increased 7%+ year-over-year in Q2 2026, supporting continued rental upside. The property is positioned in the core of Silicon Valley with close proximity to Apple, Google, NVIDIA, LinkedIn and OpenAIs new Silicon Valley campus, placing it within one of the regions primary AI and technology employment corridors.

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