622 Grand Fir AVE, Sunnyvale, CA 94086
622 Grand Fir AVE, Sunnyvale, CA 94086
622 Grand Fir AVE, Sunnyvale, CA 94086
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Steven Gary

Steven Gary

+1(408) 644-3287
Listed by Jimmy Castellanos • Marcus & Millichap, DRE#02024152
$2,680,000
Est. payment /mo
6 Beds
4 Baths
5,217 SqFt
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Open House

Tue Sep 22, 12:00pm - 1:00pm

Thu Sep 24, 12:00pm - 1:00pm

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,217 sqft

Price per Sqft $513

MLS Listing ID ML82061216

Bedrooms 6

Full Baths 4

Year Built 1959

Lot Size 0.250 Acres

Property Sub-Type Five or More Units

Property Description

Rare 7-unit apartment investment opportunity in Sunnyvale, offered at $382,857 per unit. The fully occupied property features an attractive unit mix of one three-bedroom/two-bathroom, two two-bedroom/one-bathroom, and four one-bedroom/one-bathroom units, totaling 5,217 square feet on a 0.25-acre lot. The well-maintained 1959-built property features dual-pane windows throughout and updated Siemens electrical sub-panels. Long-term ownership and current rents provide significant rental upside, with no citywide rent control ordinance currently in place. Sunnyvale's strong rental market has experienced nearly 10% year-over-year rent growth, supporting continued income growth. The property offers a 6.92% pro forma cap rate based on projected market rents. This offering provides an opportunity to acquire a fully occupied Sunnyvale multifamily asset with stable in-place income and a clear path to increased cash flow through unit turnover, consistent rent increases, and continued market rent growth.

Location

State CA

County Santa Clara

Area Sunnyvale

Zoning R4

Interior

Heating Central Forced Air - Gas, Wall Furnace

Cooling Window / Wall Unit

Flooring Carpet, Vinyl / Linoleum

Laundry Coin Operated

Exterior

Parking Features Covered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition,Shingle

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 211-03-017

Security Features None

Special Listing Condition Not Applicable

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Steven Gary

Steven Gary

+1(408) 644-3287

Realtor License ID: 01895061

Realtor License ID: 01895061

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622 Grand Fir AVE

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