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745 Reseda Dr 3 Unit Apartment Building $2,896,534 CAD ($965,511 CAD/Unit) 2.44% Cap Rate Sunnyvale, CA 94087
INVESTMENT HIGHLIGHTS
- In-unit washer dryer.
- Utilities are individually metered, with water on a master meter for easy management.
- Residents enjoy one tuck-under parking space and one uncovered parking spot per unit.
- Owner is leasing solar panels, offering energy efficiency benefits and the lease is transferable to the next owner.
EXECUTIVE SUMMARY
Discover an exceptional investment opportunity in the heart of Sunnyvale with this well-maintained triplex at 745 Reseda Dr. Featuring a highly sought-after unit mix, the property includes two spacious 3-bed/1.5-bath townhouse-style units and one 1-bed/1-bath flat, providing strong rental appeal. Each residence is equipped with in-unit washer/dryer, enhancing tenant convenience and desirability.
Residents enjoy one tuck-under parking space and one uncovered parking spot per unit, along with a welcoming front courtyard perfect for relaxing or social gatherings. Utilities are individually metered, with water on a master meter for easy management. The current owner is also leasing solar panels, offering energy efficiency benefits and the lease is transferable to the next owner.
Situated in an unbeatable Sunnyvale location, the property is just moments from Las Palmas Park, one of the city’s top-rated recreational destinations, as well as nearby shopping centers and everyday conveniences. A short drive brings you to Murphy Street—Downtown Sunnyvale’s vibrant hub of dining, entertainment, and boutique shopping.
With quick access to El Camino Real, Highway 101, and Interstate 280, this location is ideal for commuters and young professionals seeking both lifestyle and accessibility.
This is a rare chance to own a well-positioned, income-generating asset in one of Silicon Valley’s most desirable rental markets.
Residents enjoy one tuck-under parking space and one uncovered parking spot per unit, along with a welcoming front courtyard perfect for relaxing or social gatherings. Utilities are individually metered, with water on a master meter for easy management. The current owner is also leasing solar panels, offering energy efficiency benefits and the lease is transferable to the next owner.
Situated in an unbeatable Sunnyvale location, the property is just moments from Las Palmas Park, one of the city’s top-rated recreational destinations, as well as nearby shopping centers and everyday conveniences. A short drive brings you to Murphy Street—Downtown Sunnyvale’s vibrant hub of dining, entertainment, and boutique shopping.
With quick access to El Camino Real, Highway 101, and Interstate 280, this location is ideal for commuters and young professionals seeking both lifestyle and accessibility.
This is a rare chance to own a well-positioned, income-generating asset in one of Silicon Valley’s most desirable rental markets.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$127,308
|
$42.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,819
|
$1.28
|
| Effective Gross Income |
$123,489
|
$41.38
|
| Taxes |
$33,805
|
$11.33
|
| Operating Expenses |
$19,007
|
$6.37
|
| Total Expenses |
$52,812
|
$17.70
|
| Net Operating Income |
$70,677
|
$23.69
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $127,308 |
| Annual Per SF | $42.66 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,819 |
| Annual Per SF | $1.28 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $123,489 |
| Annual Per SF | $41.38 |
| Taxes (CAD) | |
|---|---|
| Annual | $33,805 |
| Annual Per SF | $11.33 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,007 |
| Annual Per SF | $6.37 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $52,812 |
| Annual Per SF | $17.70 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $70,677 |
| Annual Per SF | $23.69 |
PROPERTY FACTS
| Price | $2,896,534 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $965,511 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 2.44% | Building Size | 2,984 SF |
| Gross Rent Multiplier | 22.75 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 2.01/1,000 SF |
| Zoning | R3, Sunnyvale | ||
| Price | $2,896,534 CAD |
| Price Per Unit | $965,511 CAD |
| Sale Type | Investment |
| Cap Rate | 2.44% |
| Gross Rent Multiplier | 22.75 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,984 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2.01/1,000 SF |
| Zoning | R3, Sunnyvale |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1.5 | 2 | $3,071 CAD | - |
| 1+1 | 1 | $2,233 CAD | - |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 201-23-017 | Total Assessment | $3,138,256 CAD (2025) |
| Land Assessment | $2,068,396 CAD (2025) | Annual Taxes | $33,805 CAD ($11.33 CAD/SF) |
| Improvements Assessment | $1,069,860 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
201-23-017
Land Assessment
$2,068,396 CAD (2025)
Improvements Assessment
$1,069,860 CAD (2025)
Total Assessment
$3,138,256 CAD (2025)
Annual Taxes
$33,805 CAD ($11.33 CAD/SF)
Tax Year
2024
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745 Reseda Dr
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