Ponderosa Apartments — Sale in Sunnyvale, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Sunnyvale, CA 94089

Investment Figures

Cap rate
5.53%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 960–962 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 with a central pool courtyard, offering strong in-place cash flow with future rental upside. The unit mix includes nineteen studio units and one 1-bedroom unit occupied by the onsite manager, along with onsite laundry and approximately 27 uncovered parking spaces. Ideally positioned near Highway 101 and State Route 237, the property provides excellent commuter access throughout Silicon Valley. It is surrounded by major technology employers including Google, Apple, Amazon, LinkedIn, Microsoft, and the Moffett Park employment corridor, driving consistent rental demand. Residents also enjoy close proximity to Downtown Sunnyvale and Downtown Mountain View, offering abundant dining, retail, and entertainment amenities. 960–962 W. Weddell Drive represents a compelling opportunity to acquire a well-located multifamily asset in one of Silicon Valley’s most desirable rental submarkets. With strong in-place performance, long-term demand drivers, and proximity to major employment and lifestyle centers, the property offers both stable cash flow and continued rental growth potential. Investment Highlights: • Prime Sunnyvale / Mountain View border location • Surrounded by major tech employers including Google, Apple, Amazon, LinkedIn, Microsoft, and Moffett Park • Strong in-place cash flow with upside potential • One of Silicon Valley's most sought-after rental submarkets

Market Context

This multifamily in Sunnyvale, CA is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Sunnyvale, CA — view the full market.

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