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Listed by Mitchell Zurich • Marcus & Millichap
$ 4,775,000
Est. payment | /mo
8,300 SqFt
$ 4,775,000
Est. payment | /mo
8,300 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,300 sqft
Price per Sqft $575
MLS Listing ID ML82033703
HOA Y/N No
Year Built 1961
Lot Size 0.735 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
The Zurich Group of Marcus & Millichap is pleased to present Ponderosa Apartments at 960962 W. Weddell Drive, a 20-unit apartment community located on the highly desirable Sunnyvale/Mountain View border. The property consists of two 10-unit buildings centered around a pool courtyard and offers strong in-place cash flow with future rental upside. The unit mix includes nineteen studio units and one one-bedroom unit occupied by the onsite manager, along with onsite laundry facilities and approximately 27 uncovered parking spaces. Ideally positioned near Highway 101 and State Route 237, the property provides excellent commuter access throughout Silicon Valley and is surrounded by major technology employers including Google, Apple, Amazon, LinkedIn, Microsoft, and the Moffett Park employment corridor. Residents also benefit from close proximity to Downtown Sunnyvale and Downtown Mountain View, offering a wide range of dining, retail, and entertainment options. Located in one of Silicon Valleys most desirable and supply-constrained rental submarkets, Ponderosa Apartments represents a compelling opportunity to acquire a well-located multifamily asset with stable cash flow and long-term rental growth potential. MARKETING PACKAGE AVAILABLE UPON REQUEST.
Location
State CA
County Santa Clara
Interior
Heating Wall Furnace
Cooling Other
Fireplace No
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Melanie Peterson-Katz
Partner | Lic# 00890767