536 Hawthorn Avenue, California, Sunnyvale, - bed, bath

home-pic
ACTIVE$2,298,000
536 Hawthorn Avenue, California
3Beds
2Baths
1,360Sqft
13,429Lot
Year Built
1967
Close
-
List price
$2.3M
Original List price
$2.3M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81890928
Home ConditionTear down
Features
View-

About this home

Investor opportunity or live in one unit and rent the other one, with huge Lot about approximately 13,419 sqft. The property is recorded as a single-family home with two building structures and R3 zoning. The current owner has submitted plans for 4 to 5 townhomes. 1st unit is approximately 760 sqft with 2 Bedrooms, 1 Bath, living area, and kitchen with a Big Island. 2nd unit is about approximately 600 sqft, living area, kitchen,1 bedroom, and 1 bath. one unit is currently rented month to month, 2 bedrooms unit is vacant and it was rented for $2,800.00 a month and the 1bedroom unit is rented for $1,800,00 a month. Great location, minutes away from major companies, such as Apple, Applied Materials, Red Hat. Close to Downtown Sunnyvale, Restaurants, Costco, Movie Theater, Parks and etc. Easy access to major Routes and Highways.

Price History

Date
Event
Price
05/10/22
Listing
$2,298,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (27 Listings)
Beds33
50%
Baths22.5
50%
Square foot1,3601,577
25%
Lot Size13,4296,150
96%
Price$2.3M$2.38M
36%
Price per square foot$1,690$1,481
75%
Built year19679810982
64%
HOA
Days on market1275143
96%
Condition Rating
Tear down

The property was built in 1967, making it 57 years old. The MLS description heavily emphasizes 'Investor opportunity,' 'R3 zoning,' and 'submitted plans for 4 to 5 townhomes,' indicating that the primary value lies in the land and its redevelopment potential, not the existing structures. The provided image is an architectural drawing for future townhomes, offering no insight into the current condition of the existing units. While the units are currently rented, the lack of any mention of recent renovations or updates, combined with the property's age and the focus on demolition for new construction, aligns with the 'tear-down' criteria where the property's value is based solely on the land and its potential for redevelopment.
Pros & Cons

Pros

Development Potential & R3 Zoning: The expansive 13,419 sqft lot with R3 zoning presents significant development upside, allowing for the construction of multiple townhomes or units.
Prime Silicon Valley Location: Situated in highly desirable Sunnyvale, minutes from major tech campuses (Apple, Applied Materials), Downtown amenities, and major transportation routes, ensuring strong demand.
Immediate Rental Income & Dual Units: Features two existing units (2B/1B & 1B/1B) with proven rental income ($4,600/month potential), offering immediate cash flow or an owner-occupant income offset.
De-risked Development with Submitted Plans: The current owner has already submitted plans for 4-5 townhomes, significantly streamlining and de-risking the development process for a new buyer.
Versatile Investment Profile: Appeals to a broad range of investors, from developers seeking high-density projects to owner-occupants desiring rental income, or long-term holders in an appreciating market.

Cons

Age and Condition of Existing Structures: Built in 1967, the existing structures are older and likely require substantial renovation or demolition, adding to the overall project cost for redevelopment.
High Entry Price Point: The list price of $2.298 million represents a significant capital outlay, potentially narrowing the buyer pool to well-capitalized investors or developers.
Modest Current Living Space: The combined 1,360 sqft of living space across both units is relatively small for the lot size and price point, making it less attractive for buyers seeking a large primary residence without redevelopment.

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