NOT LISTED FOR SALE

522 S Fair Oaks Ave Sunnyvale, CA 94086

Ponderosa Park Neighborhood
8 Beds
5 Baths
3,603 Sq Ft
7,841 Sq Ft Lot

Last Sold February 18, 2022

Last sale price $2,144,000 $595 Per Sq Ft

5 Days on Market

About This Home

As of February 2022

*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.

Last Agent to Sell the Property

Jimmy Castellanos

Marcus & Millichap License #02024152 Listed on: 01/04/2022

Last Buyer's Agent

Jimmy Castellanos

Marcus & Millichap License #02024152 Listed on: 01/04/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • 1968

Lot Details

  • 7,841 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,603 Sq Ft Home
  • 2-Story Property

Parking

  • 2 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $87,000

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $184
  • Insurance Expense $2,287
  • Maintenance Expense $2,000
  • Other Expense $1,881
  • Utility Expense $8,000
  • Operating Expense $40,818
  • Gross Income $86,020

Property Details

Home Type

Multi-Family

Year Built

1968

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Age: 54
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3603
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Interior Features

  • Living Sq Ft: 3603
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Central Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Fremont Union High
  • Elementary School: Ellis Elementary
  • Middle School: Sunnyvale Middle
  • High School: Fremont High
  • High School: 257
  • Elementary School: 205
  • Middle School: 210

Lot Info

  • Lot Acres: 0.1800
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7840.80
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7840.80

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 25.37
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2287
  • Expense Landscape: 184
  • Expense Maintenance: 2000
  • Expenses Other: 1881
  • Expenses Total: 40818
  • Expenses Utility: 8000
  • Income Annual Gross: 86020.00
  • Income Annual Rental: 87000
  • Income Gross Scheduled: 87000
  • Income Includes: Laundry
  • Income Other: 1680
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Reserve Fund, Utilities, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2022 02/18/22 Sold $2,144,000 -4.7% $595 / Sq Ft
01/10/2022 01/10/22 Pending -- -- --
01/04/2022 01/04/22 For Sale $2,250,000 -- $624 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jimmy Castellanos

    Seller's Agent in 2022

    Jimmy Castellanos

    Marcus & Millichap

    (408) 483-5040

    9 in this area

    81 Total Sales

    Jimmy Castellanos
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Map

Source: MLSListings

MLS Number: ML81873414

MLSListings

APN: 209-19-026

California Santa Clara County Sunnyvale 94086 Ponderosa Park

522 S Fair Oaks Ave, Sunnyvale, CA

This home is located at 522 S Fair Oaks Ave, Sunnyvale, CA 94086 since 04 January 2022. This property was built in 1968. 522 S Fair Oaks Ave is a home located in Santa Clara County with nearby schools including Ellis Elementary School, Sunnyvale Middle School, and Fremont High School.

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