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642 Kirkland Dr 8 Unit Apartment Building $5,064,398 CAD ($633,050 CAD/Unit) 4.20% Cap Rate Sunnyvale, CA 94087
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present 642 Kirkland Drive in the heart of Sunnyvale, CA. This asset presents a rare opportunity to purchase a well-maintained 8-unit apartment complex ideally situated in the highly desirable Cupertino School District, one of the most sought-after districts in the Bay Area. The property features an excellent unit mix consisting of one 3-bed/1-bath, four 2-bed/1-bath, two 1-bed/1-bath, and one studio. Each apartment is spacious and well-designed, providing comfortable living environments with tremendous potential for rent growth through modern interior upgrades.
Located just minutes from Apple Park, Downtown Sunnyvale, and major employers such as Google, LinkedIn, and Amazon, the property attracts a strong tenant base of professionals and families seeking proximity to top schools, job centers, and lifestyle amenities. With its prime Silicon Valley location, large unit layouts, and substantial rental upside, 642 Kirkland Drive represents an exceptional investment opportunity in one of the Bay Area's most stable and high-performing rental markets.
Located just minutes from Apple Park, Downtown Sunnyvale, and major employers such as Google, LinkedIn, and Amazon, the property attracts a strong tenant base of professionals and families seeking proximity to top schools, job centers, and lifestyle amenities. With its prime Silicon Valley location, large unit layouts, and substantial rental upside, 642 Kirkland Drive represents an exceptional investment opportunity in one of the Bay Area's most stable and high-performing rental markets.
PROPERTY FACTS Under Contract
| Price | $5,064,398 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $633,050 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 4.20% | Building Size | 6,595 SF |
| Gross Rent Multiplier | 14.87 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 1.52/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Sunnyvale | ||
| Price | $5,064,398 CAD |
| Price Per Unit | $633,050 CAD |
| Sale Type | Investment |
| Cap Rate | 4.20% |
| Gross Rent Multiplier | 14.87 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 6,595 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | R3, Sunnyvale |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Patio
SITE AMENITIES
- 24 Hour Access
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 4 | - | - |
| 3+1 | 1 | - | - |
1 1
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 323-35-032 | Improvements Assessment | $1,817,731 CAD |
| Land Assessment | $3,304,969 CAD | Total Assessment | $5,122,700 CAD |
PROPERTY TAXES
Parcel Number
323-35-032
Land Assessment
$3,304,969 CAD
Improvements Assessment
$1,817,731 CAD
Total Assessment
$5,122,700 CAD
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642 Kirkland Dr
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