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In-PersonVirtual Tour
$ 8,495,000
Est. payment | /mo
0.69 Acres Lot
$ 8,495,000
Est. payment | /mo
0.69 Acres Lot
Open House
Thu Jul 23, 10:00am - 1:00pm
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82054816
HOA Y/N No
Year Built 1974
Annual Tax Amount $100,253
Lot Size 0.692 Acres
Property Description
El Portal Apartments is a well-situated 25-unit value-add asset located on 280 W California Ave in the city of Sunnyvale, California. Situated on a large 30,155 square foot parcel of land, the subject property was originally constructed in 1974, featuring a gross building area of approximately 15,162 square feet. Tenants enjoy beautifully designed, spacious two-bedroom, one-bedroom, and studio floor plans. El Portal Apartments also offers tenants convenient amenities such as private parking and on-site laundry. El Portal Apartments is strategically situated in Sunnyvales vibrant Heritage District. This highly walkable neighborhood offers tenants immediate access to a dynamic mix of restaurants, retail, entertainment, and the Sunnyvale Caltrain Station, supporting both a high quality of life and strong renter demand. The subject property also benefits from proximity to major tech employers, excellent schools, and key transportation corridors, positioning it as an ideal investment for long-term growth and stable occupancy in one of the Bay Areas most desirable submarkets. The investment appeal of this asset is driven by Sunnyvales strong employment fundamentals and low vacancy levels.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R4PD
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 25
Building
Water Public
Schools
School District Other
Others
Tax ID 20451001
Special Listing Condition Standard
Listed by Robert Johnston Marcus & Millichap #01853816