$1,093,135
$998,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
505 COLUMBIA AVE Sunnyvale, CA 94085
7,562 Sqft Lot
Key Details
Sold Price $1,093,135
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81329538
Sold Date 10/28/13
HOA Y/N No
Year Built 1957
Annual Tax Amount $11,187
Lot Size 7,562 Sqft
Property Description
Under valued! Market GRM is 11.34 and Market CAP is 6% with market rents! This 5 unit complex is a Pride of Ownership building in a family neighborhood. Well below market rents with lots of upside! Many long term stable tenants. Four units are M-t-M and 1 with 9 mos left on Lease. NO Rent or Eviction Control in Sunnyvale! Large Corner lot.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Composition
Building
Story 2
Water Public
Schools
School District Other
Others
Tax ID 20438014
Financing Cash
Special Listing Condition Standard
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Bought with Brian Chuck • Brian Chuck, Broker