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Listed by Robert Johnston • Marcus & Millichap, DRE#01853816
$8,495,000
Est. payment /mo
15,162 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 15,162 sqft
Price per Sqft $560
MLS Listing ID ML82054816
Year Built 1974
Lot Size 0.692 Acres
Property Sub-Type Five or More Units
Property Description
El Portal Apartments is a well-situated 25-unit value-add asset located on 280 W California Ave in the city of Sunnyvale, California. Situated on a large 30,155 square foot parcel of land, the subject property was originally constructed in 1974, featuring a gross building area of approximately 15,162 square feet. Tenants enjoy beautifully designed, spacious two-bedroom, one-bedroom, and studio floor plans. El Portal Apartments also offers tenants convenient amenities such as private parking and on-site laundry. El Portal Apartments is strategically situated in Sunnyvales vibrant Heritage District. This highly walkable neighborhood offers tenants immediate access to a dynamic mix of restaurants, retail, entertainment, and the Sunnyvale Caltrain Station, supporting both a high quality of life and strong renter demand. The subject property also benefits from proximity to major tech employers, excellent schools, and key transportation corridors, positioning it as an ideal investment for long-term growth and stable occupancy in one of the Bay Areas most desirable submarkets. The investment appeal of this asset is driven by Sunnyvales strong employment fundamentals and low vacancy levels.
Location
State CA
County Santa Clara
Area Sunnyvale
Zoning R4PD
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Assigned Spaces, Off-Street Parking
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Composition
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 204-51-001
Security Features None
Special Listing Condition Not Applicable
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