622 Grand Fir AVE, Sunnyvale, CA 94086
- $2,680,000
- 5,217
- SqFt
Listing courtesy of Jimmy Castellanos from Marcus & Millichap. 408-483-5040
- List Price
- $2,680,000
- MLS#
- ML82061216
- Status
- ACTIVE
- Property Type
- com
- Sqft. of Residence
- 5,217
- Lot Size
- 10,900
- Listing Area
- Sunnyvale
- Year Built
- 1959
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.
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Additional Information
- Acres
- 0.25
- Age
- 67
- Cooling System
- Window / Wall Unit
- Energy Features
- Double Pane Windows
- Floor Covering
- Carpet, Vinyl / Linoleum
- Foundation
- Concrete Perimeter
- Garage Parking
- Covered Parking
- Heating System
- Central Forced Air - Gas, Wall Furnace
- Laundry Facilities
- Coin Operated
- Living Area
- 5,217
- Lot Size
- 10,900
- Neighborhood
- Sunnyvale
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Composition, Shingle
- Sewer
- Sewer - Public
- Special Features
- None
- Zoning
- R4
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