Sold

611 San Luisito WAY

SUNNYVALE CA, 94085

$5,310,000


$565.50 per sqft

Sold

9,390 sqft

Multi-family

Built in 1959

Listed by Marcus & Millichap, Ismael Benhamida, Listing Contact: 4083736195

Part of a 3-building portfolio- marketing packages available. CAP rate: 4.32% Current / 5.14% Potential. 611 San Luisito Way is a wonderful 13-unit apartment community with 1 (3-Bed/1-Bath), 9 (2-Bed/1-Bath), 3 (1-Bed/1-Bath) units. A tranquil courtyard with mature landscaping and swimming pool creates a garden style feel to the property. Recent capital improvements of over $350,000. 11 of 13 units remodeled. Copper piping and dual pane windows throughout. New electric main panel and subpanels, backflows, pool equipment, paint, roof work, and more. Strategically located near VTA, Caltrain, and Highway 101. Opportunity to add further value by increasing income and continuing the repositioning of the property to the preferences of Silicon Valley technology employees. The shortage of housing units, rent growth, and proximity to large Silicon Valley employers make it a great opportunity for both the cash flow and appreciation-minded investor.

ML81768200

MLS ID

March 9, 2024

Updated

Map

611 San Luisito WAY
SUNNYVALE CA, 94085

Interior Features

Appliances

Cooktop, Freezer, Microwave, Washer, Disposal


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s)


Heating

No

Exterior/Building Features

Lot Size

0.46 Acres


Lot Features

Level


Sewer

Public Sewer

School Information

School District

470


High School

Fremont High


Elementary School

San Miguel Elementary

Other Property Details

Area Name

Sunnyvale


Garage

No


Parking

Off Street


Parking Total

8


View

No


County

Santa Clara


Water Source

Public


Pool

Yes


Zoning

R3

Listed by Marcus & Millichap, Ismael Benhamida,
Listing Contact: 4083736195 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Martin Quintana shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Martin Quintana are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 9:49 PM UTC, 3/9/2024

 

 

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