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522 Fair Oaks Avenue

Sunnyvale, CA 94086
  • $2,250,000
  • STATUS: Active Under Contract
  • ON SITE: 18 Days
  • MLS #: ML81873414
Under Contract
UPDATED: 19 min ago
$2,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1968
County:

School Ratings & Info

Listing Agent(s): Jimmy Castellanos of Marcus & Millichap (650-391-1700)


Description

*Due diligence information available upon request. 522 South Fair Oaks Avenue is a charming and well-located community situated in the city of Sunnyvale, California near thriving Downtown Sunnyvale. This apartment complex has been owned by the current ownership for over 20 years and the property is currently 25% vacant. Situated in central Sunnyvale near El Camino Real and Downtown Sunnyvale, 522 South Fair Oaks Avenue offers an investor a highly desirable unit-mix, a flexible rent controlled market, and a location that will benefit new investors with consistent cash flow and asset appreciation for many years to come. Additionally, this community has a net rentable square footage of 3,603 (per county records) and accommodates an attractive unit-mix of (1) three-bedroom/two-bath, (2) two-bedrooms/one-bath and (1) one-bedroom/one-bath units. 522 South Fair Oaks Avenue has schools located in the highly respected Fremont Unified School District in Sunnyvale.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-23T16:26:03.477. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/124442766
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522 Fair Oaks Avenue Sunnyvale, CA 94086

  • Price: $2,250,000
  • Status: Active Under Contract
  • On Site: 18 Days
  • Updated: 19 min ago
  • MLS #: ML81873414
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1968
Built
Neighborhood:
699 - Not Defined
County:
Santa Clara
Area:
699 - Not Defined
Property Description
*Due diligence information available upon request. 522 South Fair Oaks Avenue is a charming and well-located community situated in the city of Sunnyvale, California near thriving Downtown Sunnyvale. This apartment complex has been owned by the current ownership for over 20 years and the property is currently 25% vacant. Situated in central Sunnyvale near El Camino Real and Downtown Sunnyvale, 522 South Fair Oaks Avenue offers an investor a highly desirable unit-mix, a flexible rent controlled market, and a location that will benefit new investors with consistent cash flow and asset appreciation for many years to come. Additionally, this community has a net rentable square footage of 3,603 (per county records) and accommodates an attractive unit-mix of (1) three-bedroom/two-bath, (2) two-bedrooms/one-bath and (1) one-bedroom/one-bath units. 522 South Fair Oaks Avenue has schools located in the highly respected Fremont Unified School District in Sunnyvale.
Exterior Features

Carport Spaces 4 Carport YN Yes Foundation Details Concrete Perimeter Lot Features Back Yard Parking Features Attached CarportCarport Parking Total 4 Roof Composition

Interior Features

Accessibility Features Safe Emergency Egress From HomeLow Pile CarpetNo StairsOtherAccessible DoorsAccessible Entrance Cooling Wall/Window Unit(S) Cooling YN Yes Heating CentralWall Furnace Heating YN Yes

Property Features

Cap Rate 2.01 Garage YN No Gross Scheduled Income 87000 Insurance Expense 2287 Listing Agreement Exclusive Right To Sell Maintenance Expense 2000 Special Listing Conditions Standard Trash Expense 0 Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-23T16:26:03.477. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Jimmy Castellanos of Marcus & Millichap (650-391-1700)