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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 Other
Listing Status Active
Purchase Type For Sale
Square Footage 13,124 sqft
Price per Sqft $487
MLS Listing ID ML82012940
HOA Y/N No
Year Built 1964
Lot Size 0.496 Acres
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Other
Cooling Other
Fireplace No
Exterior
Handicap Access Other
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