1159 Ayala DrSunnyvale, CA 94086

Property Details for 1159 Ayala Dr

Year built

1964

Property size (Sq ft)

3,072 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a four-unit apartment building situated in the highly desirable Sunnyvale, California. The property, located at 1159 Ayala Drive, boasts a total of 3,072 square feet on an 8,276 square foot lot, and features four two-bedroom, one-bathroom units. Built in 1964, the two-story building is currently operating at 100% occupancy, generating a Net Operating Income (NOI) of $80,203, with a pro-forma NOI of $92,483. The asking price is $2,180,000, representing a current cap rate of 3.68% and a pro-forma cap rate of 4.24%. Recent capital improvements include a new roof and water heater. The property is zoned R3 and benefits from its proximity to downtown Sunnyvale (1.5 miles), the Caltrain station (1.5 miles), and major tech employers such as LinkedIn, Juniper Networks, and Fortinet. Convenient access to Highways 237, 85, and 101 further enhances its appeal. The price per square foot is $709.64, and the land value is $263 per square foot. Each unit is priced at $545,000. This property offers a compelling combination of strong current performance and significant upside potential in a prime Sunnyvale location.

Location Insight

City

Sunnyvale

County

Santa Clara

State

California

Latitude

37.3837

Longitude

-122.051

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