Properties

Comm Ri Multi-units 5+ For Sale

4,853 Sqft - 1683 Ontario Drive, SUNNYVALE, California 94087

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Property Description

Offering memorandum available. Wonderful 6-unit Sunnyvale apartment complex on a large 9,000 SqFt lot with (3) 2-bed/1-bath and (3) 1-bed/1-bath units totaling 4,853 SqFt. Prestigious location 1 block from Cupertino and near Apple headquarters. Feeds into top ranked Cupertino schools (Nimitz Elementary, Cupertino Middle, Homestead High). 5 units leased for $10,195/month and 1 vacant 2-bed/1-bath unit- perfect for an owner/investor. 5 units are fully renovated and current ownership of 17 years has consistently improved and maintained the property. Capital improvements include all dual-pane windows, copper plumbing, roof, gutters, railings, walkway, driveway, water heater and more. Amenities include balconies, a backyard, covered parking, storage lockers, and a laundry room. Opportunity to add further value by continuing the repositioning the property to the preferences of tech employees. 1683 Ontario Drive is a great opportunity for both the cash flow and appreciation minded investor.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81827391
Price : $2,700,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 4,853 Sqft
Year Built : 1960
Lot Area : 0.21 Sqft
Features
Heating System : Wall Furnace
Cooling System : Ceiling Fan(s)
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Santa Clara
City : SUNNYVALE
Zipcode : 94087
Street : Ontario Drive
Street Number : 1683
Floor Number : 0
Longitude : W123° 57' 35.9''
Latitude : N37° 20' 19.1''
MLS Addon
Office Name : Marcus & Millichap
Building Type : Other
Area : All Other Counties/States
Address : 1683 Ontario Drive
Cross Street : La Grande Drive
LA1User Code : MLL5062719
LA1Agent First Name : Ismael
LA1Agent Last Name : Benhamida
Status Category : Sold
Tot # Parking Spaces : 3
Tot # of Units : 6
Zoning : R3
List $/SqFt : $0
Age : 61
Apx Lot Sq Ft : 9,000 Sqft
Type of Building : Apt Complex
Annual Taxes : $32,525
Total Deposits : $0
EXTERIOR : Dual Pane Windows
FLOORING : Tile, Hardwood Floors
LOT DESCRIPTION : Level
ON-SITE PARKING DESC : Covered Parking, Spaces - Assigned
OPERATING EXPENSES : Electric, Gas, Insurance, Maintenance/repair, Trash Removal, Vacancy Factor, Water
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Coin Operated
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 3.80
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $2,700,000
Sold Price : $2,700,000
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 154681
Net Oper Income : 102636
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 6151
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 17.46
Buyer Agent DRE Num. : 01722847
List Agent DRE Num. : 01722847
Filtered Address : 1683 Ontario DR
Branded Media Link : http://www.1683ontario.com
LA1Agent License ID : 01722847
LA1Old Agent ID : 288371
LA1NRDS_ID : 206526008
SA1Agent First Name : Ismael
SA1Agent Last Name : Benhamida
SA1Agent License ID : 01722847
SA1User Code : MLL5062719
SA1Old Agent ID : 288371
SA1NRDS_ID : 206526008
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : MLSListings Datashare
Assessors Parcel No : 323-34-013
Showing : See Confidential Remarks
SO1Office Abbreviation : MLL88226
SO1Office Name : Marcus & Millichap
LO1Main Office ID : 74903
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 74903
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : No
VOW AVM : No
Status Detail : 0
Search Price : 2700000
Address Search Number : 1683
Listing Agent : 277290
Listing Office : 74903
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 277290
Buying Office 1 : 74903
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 40
Input Date : 27/01/2021 18:51:26
Update Date : 07/04/2021 10:02:42
PhotoTimestamp : 07/04/2021 11:09:39
First Photo Add Timestamp :
List Date : 27/01/2021
Expire Date :
Pending Date : 31/01/2021
Closing Date : 01/04/2021
Status Date : 06/04/2021
Price Date :
Off Market Date : 31/01/2021
Status : Sold
HOA : No
City Transfer Tax : No
Off Market Status Date :
LVT Date :
DOMLS : 4
Cumulative DOMLS : 4
Unit # 1 # of Bedrooms: 2
Unit # 1 Rent: 2000
Unit # 2 # of Bedrooms: 1
Unit # 2 Rent: 1895
Comm Ri Multi-units 5+ For Sale
  • Listing ID : ML81827391
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 4,853 Sqft
$2,700,000
Agent info
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