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951 La Mesa Ter UNIT D
Sunnyvale, CA

951 La Mesa Ter UNIT D

$595,000
2 bd • 1 ba • 834 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$595,000

Price/Sq.Ft

$713

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

The property at 951 La Mesa Ter UNIT D, Sunnyvale, CA 94086 offers several attractive features: 1. Location: Situated in the heart of Silicon Valley, Sunnyvale provides excellent access to major tech employers and amenities. 2. Price point: At $595,000, it's priced below the median home value in Sunnyvale, which typically exceeds $1 million. This makes it a relatively affordable entry point into this high-demand market. 3. Rental potential: With average two-bedroom rental rates at $3,210 in Sunnyvale, this property could generate a gross rental yield of around 6.5% annually, which is attractive for the area. 4. Size efficiency: At 834 sq ft, the property offers a compact yet functional living space, ideal for singles or couples looking for a low-maintenance home. 5. Condo/townhouse benefits: As a UNIT D, it likely offers the advantages of shared maintenance and possibly amenities, reducing individual homeowner responsibilities. 6. Appreciation potential: Given Sunnyvale's strong job market and continued tech industry growth, the property has good potential for long-term appreciation.

The Bad

1. High price per square foot: At $713.43/sq ft, it's significantly above the national average, reflecting the premium for Silicon Valley real estate. 2. Limited space: The 834 sq ft is below the average size for a two-bedroom home, which may feel cramped for some buyers or limit long-term livability. 3. Age uncertainty: The unknown build year raises concerns about potential maintenance issues and outdated systems. 4. Lack of information: The absence of listed features, property description, and room details makes it difficult to assess the true value and condition of the property. 5. Single bathroom: Having only one bathroom for a two-bedroom unit may be inconvenient for some households. 6. HOA fees: As a unit in a complex, there are likely HOA fees not mentioned in the listing, which would increase the total monthly costs of ownership. 7. Parking uncertainty: The listing doesn't specify parking arrangements, which can be a significant concern in dense urban areas like Sunnyvale.

The Ugly

1. Extreme market competition: Sunnyvale's real estate market is known for its fierce competition, often resulting in bidding wars and sales well above asking price. This $595,000 listing could easily sell for much more. 2. Tech industry dependence: The property's value is heavily tied to the health of the local tech industry. Any significant downturn could dramatically impact property values. 3. High cost of living: Beyond the mortgage, Sunnyvale's overall cost of living is extremely high, which can strain homeowners' finances. 4. Earthquake risk: Sunnyvale's location puts it at significant seismic risk, necessitating costly insurance and potential for damage. 5. Aircraft noise: Proximity to Moffett Federal Airfield may result in disruptive noise levels, depending on the unit's exact location. 6. Potential for special assessments: Without knowing the condition of the overall complex, there's a risk of costly special assessments for major repairs or upgrades. 7. California-specific tax implications: Property taxes are based on purchase price and can increase significantly with ownership changes, potentially leading to much higher ongoing costs than current rates.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for: 1. First-time homebuyers in the tech industry with incomes around $150,000-$200,000, looking for an entry point into the Sunnyvale market. 2. Investors seeking rental properties in a high-demand area, particularly those catering to tech industry professionals. 3. Singles or couples who prioritize location over space and are comfortable with a more compact living arrangement. 4. Professionals who value a short commute to major tech campuses and are willing to compromise on space for proximity. 5. Those looking for a pied-à-terre in Silicon Valley, perhaps as a secondary residence for work-related stays. 6. Buyers who prefer a low-maintenance lifestyle and are comfortable with condo/townhouse living and potential HOA regulations.

Not For

This property is not suitable for: 1. Families with children or those planning to expand, due to the limited space and single bathroom. 2. Buyers seeking a traditional single-family home with a yard or significant outdoor space. 3. Individuals with incomes below $120,000, as the high costs of ownership may be financially stressful. 4. Those sensitive to noise or seeking a quiet suburban environment, due to potential aircraft noise and urban density. 5. Buyers looking for a move-in ready home with modern amenities, given the lack of information about the property's features and condition. 6. People requiring multiple parking spaces or those with mobility issues, depending on the undisclosed parking situation and unit accessibility. 7. Long-term investors looking for stable, predictable returns, given the market's volatility and tech industry dependence.
Demographics
Area Median Income

$162,017

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Risk Assessment

Risk Analysis

1. Market volatility: Sunnyvale's real estate market can experience rapid fluctuations tied to tech industry performance, posing a risk to property values. 2. Undisclosed property condition: The lack of information about the property's age and features suggests potential hidden maintenance issues or necessary upgrades. 3. HOA-related risks: Unknown HOA fees, potential for special assessments, and restrictions could impact affordability and lifestyle. 4. Natural disaster risk: High earthquake risk in the area could lead to property damage and necessitate costly insurance. 5. Zoning and development changes: Rapid growth in Sunnyvale might lead to zoning changes or nearby developments that could affect property value and quality of life. 6. Interest rate sensitivity: Given the high property values, even small interest rate increases could significantly impact affordability for future buyers, potentially affecting resale value. 7. Tech industry dependence: Any major shifts in the tech job market could dramatically impact property values and rental demand. 8. Potential for increased property taxes: California's property tax laws could lead to significant increases in annual taxes, especially if the property is reassessed. 9. Noise and air quality concerns: Proximity to Moffett Federal Airfield and major highways could lead to noise pollution and reduced air quality. 10. Inflation and cost of living increases: The already high cost of living in Sunnyvale could continue to rise, straining homeowners' finances over time.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,505,750

153.1% above list price

Median Price

$1,730,000

Based on 4 recent sales

Price per Sq.Ft

$1,729

Comparable Properties

186 Pastoria Avenue, Sunnyvale, CA 94086
Price: $1,583,000
Sq.Ft: 824
Beds/Baths: 2/1
$/Sq.Ft:
$1,921169.3%
Sale Date: 9/11/2024
148 Florence Street, Sunnyvale, CA 94086
Price: $1,730,000
Sq.Ft: 882
Beds/Baths: 2/1
$/Sq.Ft:
$1,961174.9%
Sale Date: 9/4/2024
834 Iowa Avenue, Sunnyvale, CA 94086
Price: $1,950,000
Sq.Ft: 944
Beds/Baths: 3/1
$/Sq.Ft:
$2,066189.5%
Sale Date: 9/19/2024
863 California Avenue #X, Sunnyvale, CA 94086
Price: $760,000
Sq.Ft: 785
Beds/Baths: 2/2
$/Sq.Ft:
$96835.7%
Sale Date: 8/13/2024

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