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Listed by Robert Johnston • Marcus & Millichap
$6,400,000
Est. payment /mo
13,124 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 13,124 sqft
Price per Sqft $487
MLS Listing ID ML82012940
Year Built 1964
Lot Size 0.496 Acres
Property Sub-Type Five or More Units
Property Description
Four Palms Apartments is a stunning 16-unit multifamily asset located at 1277 Ayala Dr in the thriving city of Sunnyvale, California. Situated on a large 21,594 square foot parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 13,124 square feet, offering a mix of spacious three-bedroom, two-bedroom, and one-bedroom floor plans. The subject property offers tenants several modern amenities such as a sunny community pool, covered dedicated parking with additional uncovered parking, and an on-site laundry facility. Select units also feature private balconies. In addition to the countless tech employers, the subject property is within walking distance of Sunnyvale's Heritage District (1.5 miles) and Downtown Mountain View (1.8 miles). Sunnyvale's Heritage District and Downtown Mountain View play a unique role within the community offering countless modern lifestyle amenities. The investment appeal of this asset is driven by Sunnyvales strong employment fundamentals and low vacancy levels. With a world-class location in the South Bay, Four Palms Apartments presents an attractive choice for South Bay renters with close proximity to major employers, shopping, dining, and entertainment options.
Location
State CA
County Santa Clara
Area Sunnyvale
Zoning R4
Interior
Heating Other
Cooling Other
Exterior
Parking Features Carport , On Street
Pool Pool - In Ground
Community Features Community Pool
Utilities Available Public Utilities
Roof Type Flat / Low Pitch
Building
Foundation Concrete Slab, Raised
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 161-15-012
Security Features None
Special Listing Condition Not Applicable
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