663 La Grande Drive
Sunnyvale, CA 94087
Sq. Feet 6,050
The subject property located at 418 Roosevelt Avenue is an incredible investment opportunity located in highly desirable Sunnyvale, California. The six-unit apartment building has a gross livable area of 3,528 total square feet providing its tenants a living area of around six-hundred square feet for all six one-bedroom/one-bath units. The property was constructed in 1957 and lies on a rather large 9,100-square foot lot located on a block of primarily single-family homes.
The subject property has had some significant upgrades over the past two years including a new sewer line to the street, new copper plumbing throughout, two kitchens and two bathrooms remodeled and many of the windows were replaced with double pane. Each unit has an on-site covered parking space in the rear of the building, and the community laundry room provides the owner with another $1,200/year.
Cap Rate: 2.80% NOI: $36,337 Livable Sq. Ft: 3,528
Built in 1957 6 units Lot Sq. Ft: 9,100