530 Columbia Avenue

Sunnyvale, CA 94085

$2,200,000
Price
Beds
4,101 Sq. Ft.
$536 / Sq. Ft.
4,101
Sq. Ft.
$536
per Sq. Ft.

Description

Magnify is pleased to present the opportunity to acquire 530 Columbia Ave, a six (6) unit multi-family investment with owner-occupancy potential located in the highly desirable city of Sunnyvale. Constructed in 1961, the property consists of one (1) three-bedroom/two-bathroom unit, one (1) two-bedroom/one-bathroom unit, and four (4) one-bedroom/one-bathroom units, spanning a total of 4,101 square feet. Situated on an 8,539 square-foot lot, recent improvements include four (4) remodeled bathrooms...Magnify is pleased to present the opportunity to acquire 530 Columbia Ave, a six (6) unit multi-family investment with owner-occupancy potential located in the highly desirable city of Sunnyvale. Constructed in 1961, the property consists of one (1) three-bedroom/two-bathroom unit, one (1) two-bedroom/one-bathroom unit, and four (4) one-bedroom/one-bathroom units, spanning a total of 4,101 square feet. Situated on an 8,539 square-foot lot, recent improvements include four (4) remodeled bathrooms and replaced hot-water supply with copper pipes. This investment has significant upside in potential rental income through further renovations of the interiors. Notably, the presence of a spacious two-story front unit offers the added advantage of potential owner occupancy, further adding to its appeal and versatility. The subject property is located just one mile from Downtown Sunnyvale. It is less that a 10-minute drive from Levi's Stadium and major tech employers including LinkedIn, Google, Microsoft, NVIDIA, and more. Finally, the property provides easy access Lawrence Expressway, El Camino Real, and Highways 101 & 237.
  1. Listed by Will Tharp • DRE #01984173 • Brokerage DRE #02214785 • Magnify Real Estate • 650-918-0742
  2. Listed by David Katz • DRE #01971921 • Brokerage DRE #02214785 • Magnify Real Estate

Property Details for 530 Columbia Avenue

MLS City Name
SUNNYVALE
Building Type
Other
Garage Spaces
1
Parking Spaces
0
LISTING UPDATED: 11/20/2024 09:20 AM

Property Details for 530 Columbia Avenue

StatusActive
MLS #ML81983241
Days on Compass43
Taxes$25,961 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1961
Lot Size0.20 AC / 8,646 SF
CountySanta Clara County

Building Information for 530 Columbia Avenue

Stories-Residences-Year Built1961Building Size-Lot Size0.20 AC / 8,646 SF

Property Information for 530 Columbia Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 4101
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Central Forced Air - Gas, Fireplace, Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 5
Garage
  • Garage and Parking: Attached Garage, Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Sunnyvale
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 530
  • Street Name: Columbia
  • Street Suffix: Avenue
  • Area ID: 19
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 4101
  • Structure SqFt Source: Assessor
  • Age: 63
Development Information
  • Construction Type: Wood Frame
  • Zoning Detail: R3
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 204-38-034
  • County Name: Santa Clara
  • City Name: SUNNYVALE
  • City Postal ID: 74
  • Postal Code: 94085
  • Elementary School District: 470
  • High School District Text: Fremont Union High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .20
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 6
General Information
  • Annual Tax Amount: $25,961
  • Capitalization Rate: 3.18
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $3,588
  • Expense Landscape: $0
  • Expense Maintenance: $4,500
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $2,219
  • Expenses Utility: $12,801
  • Expenses Total: $49,069
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Miscellaneous/Other, Utilities
  • Gross Rent Multiplier: 17.92
  • Income Annual Gross: $117,669
  • Income Annual Rental: $121,308
  • Income Gross Scheduled: $122,748
  • Income Other: $1,440
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
Unit 4 Information
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
Unit 5 Information
  • Unit5 Full Baths: 1

Property History for 530 Columbia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 530 Columbia Avenue

Taxable ValueLand$179,271Additions$355,364Total$534,635
Tax Record2024$6,499 ($542 / month)
Home Facts
Total Finished SqFt4,101 SqFtAbove Grade Finished SqFt4,101 SqFtStories2Lot Size8,646 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningR3CountySANTA CLARAAPN204-38-034Fireplace TypeHas Fireplace

Schools near 530 Columbia Avenue

This home is within Fremont Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Bishop Elementary School
PublicK to 5

Columbia Middle School
Public6 to 8

Fremont High School
Public9 to 12

Community Day School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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530 Columbia Avenue is for sale in Sunnyvale, CA 94085. This property was listed for sale on October 9, 2024 by Magnify Real Estate, it's currently listed at $2,200,000. This listing's school districts are Fremont Union High School District, Sunnyvale School District. Nearby schools include Bishop Elementary School, Columbia Middle School and Fremont High School. 530 Columbia Avenue is a 0-bed, 0-bath, 4,101 sqft built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Magnify Real Estate, Will Tharp, DRE #01984173; Magnify Real Estate, David Katz, DRE #01971921

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.