748 Carmel AVE Open House Save Request In-Person Tour Request Virtual Tour
Sunnyvale,CA 94085
OPEN HOUSE
Tue Dec 02, 11:30am - 1:00pm Thu Dec 04, 11:30am - 1:00pm Sat Dec 06, 11:30am - 1:00pm
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,708 sqft
Price per Sqft $546
MLS Listing ID ML82028387
Bedrooms 3
Full Baths 2
Year Built 1959
Lot Size 9,000 Sqft
Property Sub-Type Five or More Units
Property Description
Marcus & Millichap is pleased to present 748 Carmel Avenue, a rare six-unit apartment complex in one of Sunnyvales most desirable rental pockets. The property features four spacious 1-bedroom/1-bathroom units and two large 2-bedroom/1-bathroom units, offering a balanced unit mix for both stability and rent growth. With a current CAP rate of 4.91% and a 13.29 GRM, the property provides strong in-place income with additional upside through capital improvements and management efficiencies. Located just minutes from Downtown Sunnyvale, Apple Park, major employers, and top schools, 748 Carmel Avenue is an ideal opportunity for investors seeking a well-maintained asset in a premier Silicon Valley location.
Location
State CA
County Santa Clara
Area Sunnyvale
Zoning R3
Rooms
Other Rooms Laundry Room
Interior
Heating Wall Furnace
Cooling None
Laundry Coin Operated
Exterior
Parking Features Off-Street Parking
Utilities Available Individual Electric Meters,Individual Gas Meters,Public Utilities
Roof Type Composition
Building
Foundation Wood Frame
Sewer Sewer - Public
Water Public
Others
Special Listing Condition Not Applicable