748 Carmel Ave - Apartments FOR SALE


Sunnyvale, CA 94085- San Miguel
$2,028,000 USD
650-546-1030
748 Carmel Ave, Sunnyvale, CA for Sale
$2,028,000 USD
Apartments - FOR SALE
1/15
null | 4.91% Cap Rate

748 Carmel Ave
Sunnyvale, CA 94085
San Miguel


OVERVIEW

Marcus & Millichap is pleased to present 748 Carmel Avenue, a rare six-unit apartment complex in one of Sunnyvales most desirable rental pockets. The property features four spacious 1-bedroom/1-bathroom units and two large 2-bedroom/1-bathroom units, offering a balanced unit mix for both stability and rent growth. With a current CAP rate of 4.91% and a 13.29 GRM, the property provides strong in-place income with additional upside through capital improvements and management efficiencies. Located just minutes from Downtown Sunnyvale, Apple Park, major employers, and top schools, 748 Carmel Avenue is an ideal opportunity for investors seeking a well-maintained asset in a premier Silicon Valley location.

FOR SALE DETAILS

PRICE

$2,028,000 USD

PRICE/SF

$547 USD /SF

# OF UNITS

6

PRICE/UNIT

$338,000

CAP RATE

4.91%

% LEASED

95%

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

6

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,999 SF

ZONING

R3, Sunnyvale

APN/PARCEL ID

205-16-002

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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Eymon BineshMarcus & MillichapMore Info
650-546-1030

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