418 Roosevelt

418 Roosevelt Avenue is an incredible investment opportunity located in highly desirable Sunnyvale, California.

The six-unit apartment building has a gross livable area of 3,528 total square feet providing its tenants a living area of around six-hundred square feet for all six one-bedroom/one-bath units. The property was constructed in 1957 and lies on a rather large 9,100 square foot lot located on a block of primarily single-family homes.

418 Roosevelt has had some significant upgrades over the past two years including a new sewer line to the street, new copper plumbing throughout, two kitchens and two bathrooms remodeled, and many of the windows were replaced with double pane. Each unit has an on-site covered parking space in the rear of the building, and the community laundry room provides the owner with another $1,200/year.

Sunnyvale median rents in 2013 skyrocketed over 12% in 2013 and are projected to continue on through 2014-2015
(Marcus & Millichap Research Services). The City of Sunnyvale is a city located in Santa Clara County, California, and as of the 2010 United States Census, the population was 140,095. Sunnyvale is home to many high-tech companies such as Juniper Networks, Fortinet, AMD, NetApp, Spansion, Yahoo!, Applied Micro and Ariba.