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$2,650,000
Est. payment /mo
9,047 Sqft Lot
UPDATED:
12/19/2024 06:04 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81987719
HOA Y/N No
Year Built 1959
Annual Tax Amount $30,390
Lot Size 9,047 Sqft
Property Description
645 Grand Fir Avenue is an exceptional multifamily investment opportunity located in the vibrant city of Sunnyvale, CA, at the heart of Silicon Valley. This six-unit community, built in 1959, features a total of 4,593 square feet of living space and is situated on a generous 9,047 square foot lot. The unit mix includes one spacious three-bedroom owners unit with multiple entrances, three two-bedroom units, and two one-bedroom units, providing a diverse offering for potential tenants. Currently, the property averages rents just over $2,500 per unit per month, with rents approximately 6% below market rate. Listed at a competitive price per unit of $441,666, the property presents a significant value proposition, especially when compared to the median home price in Sunnyvale, which has soared to $1,900,000 over the past year. This substantial price difference between multi-family properties and single-family homes provides investors with promising appreciation potential as the region continues to develop.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R4
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 6
Roof Type Shingle
Total Parking Spaces 9
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Sunnyvale
High Schools Fremont
School District Other
Others
Tax ID 21102010
Special Listing Condition Standard
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Listed by Jimmy Castellanos • Marcus & Millichap