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.
MLS# | ML81987719 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Pending |
Year | 1959 |
Days On Site | 69 |
Listing Provided By | Marcus & Millichap (650) 391-1700 | Jimmy Castellanos |
SQ Feet | 4,593 |
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Car Port | Yes |
Building(s) | 1 |
Zoning | R4 |
Acreage | 0.21 |
State | CA |
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County | Santa Clara |
City | Sunnyvale |
Zip Code | 94086 |
Area | 699 Not Defined |
School District | Other |
Elementary School | Other |
Middle School | Sunnyvale |
High School | Fremont |
Listing VS Median (in 94086) | |
Price: $2,650,000 low | high Med: $1,686,675 SqFt: 4,593 low | high Med: 1,614 $ / SqFt: $577 low | high Med: $1,046 On Site: 69 low | high Med: 248.000000 |