645 Grand Fir Ave - Apartments FOR SALE


Sunnyvale, CA 94086
$2,650,000 USD
650-391-1777
645 Grand Fir Ave, Sunnyvale, CA for Sale
$2,650,000 USD
Apartments - FOR SALE
1/18
null | 4.42% Cap Rate

645 Grand Fir Ave
Sunnyvale, CA 94086


HIGHLIGHTS

  • Attractive Price: Listed at $441,666 per unit, well below Sunnyvale’s $1.9M median home price, offering strong appreciation potential.
  • Prime Location: Just over a mile from Downtown Sunnyvale, with easy access to major tech employers like Apple and Google.
  • Diverse Unit Mix: Includes one 3-bedroom owner's unit, three 2-bed units, and two 1-bed units, appealing to various tenants.
  • Top Schools: Located in the Sunnyvale School District, feeding into Fairwood Elementary, Sunnyvale Middle, and Fremont High.

OVERVIEW

Make contact: jcastellanos@marcusmillichap.com Jimmy Castellanos is excited to introduce 645 Grand Fir Avenue, 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 owner’s 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.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$577 USD /SF

# OF UNITS

6

PRICE/UNIT

$441,667

CAP RATE

4.42%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,060 SF

ZONING

R4, Sunnyvale

APN/PARCEL ID

211-02-010

ASK ABOUT THIS PROPERTY

Jimmy CastellanosMarcus & MillichapMore Info
650-391-1777

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Jimmy CastellanosMarcus & MillichapMore Info
650-391-1777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.