622 Grand Fir Avenue, Sunnyvale, CA, 94086

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$2,680,000
25 Days On Site

622 Grand Fir Avenue
Sunnyvale, CA 94086

Commercial Sale|Pending
0
Beds
0
Total Baths
5,217
SqFt
$514
/SqFt
1959
Built
County:
Santa Clara
Listed by Jimmy Castellanos of Marcus & Millichap jimmy.castellanos@marcusmillichap.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
622 Grand Fir Avenue622 Grand Fir Avenue622 Grand Fir Avenue622 Grand Fir Avenue
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Seller financing available! 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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Listing Snapshot
Price 
$2,680,000
Days On Site 
25 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,217 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2502 Acres
Year Built 
1959
MLS® Number 
ML82061216
Status 
Pending
Property Tax 
$31,278
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
2 days agoStatus changed to Pending
4 weeks agoListing first seen on site
General Features
Acres 
0.2502
Carport 
7
Special Circumstances 
Standard
SqFt Total 
5217
Water Source 
Public
Zoning 
R4
Interior Features
Cooling 
Wall/Window Unit(s)
Heating 
Wall Furnace
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Exterior Features
Roof 
CompositionShingle
Community Features
MLS Area 
699 - Not Defined
School District 
Other
Schools
School District
Other
Elementary School
Other
Middle School
Sunnyvale
High School
Fremont


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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