5-Unit Apartment offers an investor the unique opportunity to own a well-maintained rental property located in one of the healthiest and attractive job market area. The building has a brand new roof, remodeled kitchen, updated bathrooms, laminated flooring, well-maintained.
Multi-familyProperty Type
1985Year Built
9,750 sq ftLot Size
$367Price/Sq.Ft.
Listed by Simon C Chen•DRE #01334367• Buffalo RE Inc
Contact: (408) 644-8899
Bought with Lora Hu•DRE #00813549• Coldwell Banker Realty
Well maintained 22 years old building w/ great tenants. Condo style living w/ inside laundry in each unit, First level has private patios, Upper level has balconies. 5 attached garages + 3 guest parkings. BBQ area, Solar water heater
Public Records
Jul 26, 1988
Sold
$595,000
$158/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$19,721 (+1.4%)
$1,219,113 + $506,397
$1,725,510
2024
$19,455 (+1.0%)
$1,195,209 + $496,468
$1,691,677
2023
$19,258 (+1.7%)
$1,171,774 + $486,734
$1,658,508
2022
$18,934 (+0.4%)
$1,148,799 + $477,191
$1,625,990
2021
$18,864 (+1.8%)
$1,126,274 + $467,835
$1,594,109
2020
$18,522 (+0.1%)
$1,104,191 + $458,662
$1,562,853
2019
$18,499 (+6.9%)
$1,092,869 + $453,959
$1,546,828
2018
$17,309 (+0.6%)
$1,071,441 + $445,058
$1,516,499
2017
$17,211 (+2.6%)
$1,029,837 + $427,777
$1,457,614
2016
$16,780 (+0.4%)
$1,029,837 + $427,777
$1,457,614
2015
$16,719 (+5.0%)
$1,009,645 + $419,390
$1,429,035
2014
$15,917 (+18.2%)
$975,000 + $405,000
$1,380,000
2012
$13,466 (+3.9%)
$639,996 + $522,398
$1,162,394
2011
$12,959 (+3.1%)
$627,448 + $512,155
$1,139,603
2010
$12,574 (−2.1%)
$615,146 + $502,113
$1,117,259
2009
$12,837 (+570.7%)
$610,549 + $498,361
$1,108,910
2008
$1,914
$600,000 + $489,750
$1,089,750
Tax history for 940 S WOLFE Rd
Year
Property tax
Land + Additions
Assessment*
2025
$19,721 (+1.4%)
$1,219,113 + $506,397
$1,725,510
2024
$19,455 (+1.0%)
$1,195,209 + $496,468
$1,691,677
2023
$19,258 (+1.7%)
$1,171,774 + $486,734
$1,658,508
2022
$18,934 (+0.4%)
$1,148,799 + $477,191
$1,625,990
2021
$18,864 (+1.8%)
$1,126,274 + $467,835
$1,594,109
2020
$18,522 (+0.1%)
$1,104,191 + $458,662
$1,562,853
2019
$18,499 (+6.9%)
$1,092,869 + $453,959
$1,546,828
2018
$17,309 (+0.6%)
$1,071,441 + $445,058
$1,516,499
2017
$17,211 (+2.6%)
$1,029,837 + $427,777
$1,457,614
2016
$16,780 (+0.4%)
$1,029,837 + $427,777
$1,457,614
2015
$16,719 (+5.0%)
$1,009,645 + $419,390
$1,429,035
2014
$15,917 (+18.2%)
$975,000 + $405,000
$1,380,000
2012
$13,466 (+3.9%)
$639,996 + $522,398
$1,162,394
2011
$12,959 (+3.1%)
$627,448 + $512,155
$1,139,603
2010
$12,574 (−2.1%)
$615,146 + $502,113
$1,117,259
2009
$12,837 (+570.7%)
$610,549 + $498,361
$1,108,910
2008
$1,914
$600,000 + $489,750
$1,089,750
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
9,750 Sq. Ft.
Year renovated
1985
Sq. Ft.
3,758
Year built
1985
Style
Multi-Family (5+ Unit)
County
Santa Clara County
APN
21325045
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 21, 2026.
R3
Medium Density Residential Zoning District
The R-3 medium density residential zoning district is reserved for the construction, use and occupancy of not more than 24 dwelling units per acre.
Permitted uses
Include but are not limited to:
Housing-Multiple units
Housing-Student
Park & open space
Property details
Parking
Parking Information
Parking Description: Common Parking Area, Guest/Visitor Parking, Spaces per Unit (1)
Flooring: Carpet (Area), Tile, Laminate, Hardwood, Vinyl/Linoleum, Carpet, Varies by Unit
Heating & Cooling Information
Heating: Baseboard, Electric
Multi-Unit Information
# of Stories: 2
# of Units in Complex (Minimum): 5
# of Units in Complex (Maximum): 12
# of 1 Bed 1 Bath Units: 1
Minimum Size (1 Bed 1 Bath): 731
Minimum Rent (1 Bed 1 Bath): $1,395
Annual Rental Income: $92,340
Annual Gross Income: $90,493
Gross Rent Multiplier: 16.19
Gross Scheduled Income: $92,340
Other Expenses: $169
Total Expenses: $20,376
Vacancy Amount: 1,847
Vacancy Factor: 2
Unit Type 1 Information
# of Bedrooms: 2
Approx Sq. Ft.: 933
Rent: $1,695
Unit Type 2 Information
# of Bedrooms: 1
Approx Sq. Ft.: 731
Rent: $1,220
Unit Type 3 Information
# of Bedrooms: 1
Approx Sq. Ft.: 733
Rent: $1,290
Unit Type 4 Information
# of Bedrooms: 2
Approx Sq. Ft.: 1,056
Rent: $2,095
Exterior
Exterior Features
View: Local/Neighborhood
Roof: Tar and Gravel, Composition
Yard/Grounds: Sprinkler(s) (Lawn), Balcony/Patio
Building Information
Unit Types in Building: 1 Bedroom Unit(s), 2 Bedroom Unit(s)
# of Buildings: 1
Subclass: 5+ Units
Concrete Perimeter
Building Height (Minimum): 2
Building Height (Maximum): 2
Property Features
Amenities: Storage Locker, Storage Area(s)
Living Sq. Ft.: 3,758
Property Information
Property Primary ID: 425750
Tenant Expenses: Utilities (Electric)
Land Information
Landscape Expense: $960
Lot Information
Lot Description: Grade (Level)
Lot Size Area Minimum Units: Sq. Ft.
Lot Size Area Maximum Units: Sq. Ft.
Lot Size Source: Assessor
Zoning: R0
Financial
Tax/Assessment Information
Annual Tax Amount: $13,466
City Transfer Tax: Yes
Utilities
Utility Information
Energy Features: Insulation (Unknown)
Meters: Separate Electric, Primary Electric, Primary Water
Sewer Septic: Sewer in Street, Sewer Connected
Trash Expense: $1,850
Utility Expenses: $268
Water Sewer Expense: $1,632
Water Information
Water: Public
Location
HOA Information
HOA Amenities: Patio (Common), Car Wash Area
School Information
Elementary School District: Santa Clara Unified
High School District: Santa Clara Unified
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,758
Stories: 2.0
Lot Size: 9,750 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1985
Year Renovated: 1985
County: Santa Clara County
APN: 21325045
Home facts updated by county records on Aug 21, 2026
Other
Miscellaneous Information
Incorporated: Yes
Around this home
Schools
Braly Elementary School
Public K-5 • Assigned • 0.5mi
9/10
Marian A. Peterson Middle School
Public 6-8 • Assigned • 0.7mi
9/10
Adrian Wilcox High School
Public 9-12 • Assigned • 1.6mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
The Sunnyvale housing market remains highly competitive, with homes receiving an average of five offers. Over the past three months, the median home price was $1.8 million, down 18.7% year over year, creating favorable opportunities for buyers.