NOT LISTED FOR SALE

557 Alberta Ave Sunnyvale, CA 94087

10 Beds
8 Baths
4,612 Sq Ft
0.35 Acres

Last Sold June 18, 2019

Last sale price $3,400,000 $737 Per Sq Ft

383 Days on Market

Highlights

  • 0.35 Acre Lot
  • Normandy Architecture
  • Washer and Dryer
  • Chester W. Nimitz Elementary School Rated A-
  • 2 Car Attached Garage
  • 1-Story Property

About This Home

As of June 2019

557 Alberta Ave in Sunnyvale was built in 1968, and has been fully upgraded and remodeled in 2014. This turn-key, 4 unit investment is 100% leased with upside potential in rental income. The property benefits from its location being only a short commute to Apple Campuses and its incorporation into the coveted Cupertino School District. The property has been well maintained and professionally managed truly an unique opportunity to own one of the few deluxe apartment complexes in Sunnyvale. Normandy style architecture is pleasing to the tenants and neighbors. All of the units are highly desirable ground floor single level garden style apartment homes all with in-unit laundry. Tenant Pays individual gas heating, electrical, phone, and cable. Landlord pays property tax, insurance, maintenance, garbage service, water/sewer, common area lighting, water, and gas for hot water.

Last Agent to Sell the Property

Michael C

Intero Real Estate Services License #01721189 Listed on: 04/02/2018

Intero Real Estate Services

Last Buyer's Agent

Mandana Simai

Christie's International Real Estate Sereno License #01437800

Christie's International Real Estate Sereno

Property Details

Home Type

  • Multi-Family

Year Built

  • 1968

Lot Details

  • 0.35 Acre Lot

Parking

  • 2 Car Attached Garage
  • 4 Carport Spaces
  • Assigned Parking

Home Design

  • Quadruplex
  • Normandy Architecture
  • Flat Roof Shape
  • Slab Foundation
  • Tar and Gravel Roof
  • Composition Roof

Interior Spaces

  • 4,612 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Utilities

  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $150,252

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $2,208
  • Maintenance Expense $5,600
  • Utility Expense $1,273
  • Trash Expense $6,377
  • Operating Expense $61,133
  • Gross Income $147,247

Property Details

Home Type

Multi-Family

Year Built

1968

Lot Details

0

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Fourplex
  • Style: Normandy
  • Age: 50
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4612
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Interior Features

  • Living Sq Ft: 4612
  • Stories: 1
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Flat / Low Pitch, Tar And Gravel

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Assigned Spaces, Attached Garage, Carport
  • Carport Min: 4

Utilities

  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Fremont Union High
  • Elementary School: Chester W. Nimitz Elementary
  • Middle School: Cupertino Middle
  • High School: Homestead High
  • High School: 258
  • Elementary School: 93
  • Middle School: 70

Lot Info

  • Lot Acres: 0.3501
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 15251.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 15251.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 23.28
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2208
  • Expense Landscape: 1800
  • Expense Maintenance: 5600
  • Expenses Total: 61133
  • Expenses Utility: 1273
  • Expense Trash: 6377
  • Income Annual Gross: 147247.00
  • Income Annual Rental: 150252
  • Income Gross Scheduled: 150252
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2

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 Change Sq Ft Price
06/18/2019 06/18/19 Sold $3,400,000 -2.8% $737 / Sq Ft
04/21/2019 04/21/19 Pending -- -- --
12/18/2018 12/18/18 Price Changed $3,498,000 -5.4% $758 / Sq Ft
10/15/2018 10/15/18 Price Changed $3,698,000 -5.2% $802 / Sq Ft
04/02/2018 04/02/18 For Sale $3,899,000 +129.4% $845 / Sq Ft
08/22/2013 08/22/13 Sold $1,700,000 +19.3% $369 / Sq Ft
07/25/2013 07/25/13 Pending -- -- --
07/16/2013 07/16/13 For Sale $1,425,000 -- $309 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Michael C

    Intero Real Estate Services

    Section Image
  • Mandana Simai

    Buyer's Agent in 2019

    Mandana Simai

    Sereno Group

    (408) 315-9958

    7 in this area

    140 Total Sales

    Mandana Simai
    Section Image
  • Bart Call

    Seller's Agent in 2013

    Bart Call

    Sereno Group

    (408) 335-1495

    1 in this area

    44 Total Sales

    Bart Call
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81698876

MLSListings

APN: 323-30-050

California Santa Clara County Sunnyvale 94087

557 Alberta Ave, Sunnyvale, CA

This home is located at 557 Alberta Ave, Sunnyvale, CA 94087 since 02 April 2018. This property was built in 1968. 557 Alberta Ave is a home located in Santa Clara County with nearby schools including Chester W. Nimitz Elementary School, Cupertino Middle School, and Homestead High School.

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