418 Roosevelt Avenue
Sunnyvale, CA 94085
Sq. Feet 9,100
Marcus and Millichap is proud to present 926 Tamarack Lane to the Bay Areas investment community. This offering provides an incredible investment opportunity in highly desirable Sunnyvale, California.
This eight unit apartment building has a gross livable area of 6,400 square feet, and is situated on a 12,297 square foot lot. The subject property consists of all two-bedroom/one-bath units totaling 800 square feet of livable space, an on-site laundry room, private patios for all downstairs units, and assigned parking for each tenant. The property has been under the current ownership for more than 10 years and the owners have kept the property in immaculate condition.
The subject property is located just 2.4 miles from Apples highly anticipated space ship campus in Cupertino. This new campus is expected to provide more than 12,000 jobs to an already impressive job market. Sunnyvale is a major city in the Silicon Valley and the seventh most populous city in the San Francisco Bay Area. Many of the largest technology companies have operations in and around Sunnyvale including Google, Apple, LinkedIn, Amazon, Microsoft, and Yahoo. The robust high tech job growth, shortage of housing units, rent growth, and proximity to large Silicon Valley employers make 926 Tamarack Lane truly a fantastic opportunity.
Cap Rate: 4.08% NOI: $144,027 Livable Sq. Ft: 6,400
Built in 1963 8 units Lot Sq. Ft: 12,196