For Sale
$4,500,000

10160 Park CirCupertino, CA 95014

8-Unit Apartment Complex, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 8-unit apartment building in Cupertino, CA presents a compelling value-add investment opportunity. Located on a 0.29-acre lot, this two-building, two-story complex boasts 6,440 square feet of net rentable space and is currently operating at 100% occupancy. Built in 1962, the property offers a strong pro-forma NOI of $184,549, translating to a 4.10% pro-forma cap rate. The asking price is $4,500,000, representing a price per unit of $562,500. This prime location in the heart of Silicon Valley places the property within walking distance of major employers like Apple and Amazon, as well as popular amenities such as Whole Foods and Target. The property has been exceptionally well-maintained and has not been on the market for over 25 years, presenting a rare opportunity for a savvy investor to acquire a stable, high-performing asset with significant upside potential. The property's strong occupancy and desirable location make it an ideal investment for those seeking immediate cash flow and long-term appreciation. This is a rare chance to acquire a well-positioned multifamily asset in one of the most dynamic and sought-after markets in the country. The property is being offered as a single entity.

Highlights

  • 8-unit apartment building in Cupertino, CA, offering a value-add investment opportunity.
  • 6,440 square feet of net rentable space on a 0.29-acre lot.
  • Currently 100% occupied, with a strong pro-forma NOI of $184,549 and a 4.10% pro-forma cap rate.
  • Asking price: $4,500,000 ($562,500 per unit).
  • Prime Silicon Valley location near major employers (Apple, Amazon) and amenities (Whole Foods, Target).

Property Details for 10160 Park Cir

Property type
Apartment buildings
Class
B
Year Built
1962
Buildings
2
Stories
2
Lot Size (sq. ft)
12,632 SF
Units
8

Location Insight

City
Cupertino
County
Santa Clara
State
California
Latitude
37.32538585642
Longitude
-122.03498066562
10160 Park Cir, Cupertino, California

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10160 Park Cir
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