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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 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. contact: jcastellanos@marcusmillichap.com
Property Type(s):
Commercial
| Last Updated | 12/2/2024 | Year Built | 1959 |
|---|---|---|---|
| Community | Not Defined | County | Santa Clara |
SCHOOLS
| School District | Other |
|---|---|
| Elementary School | Other |
| Jr. High School | Sunnyvale |
| High School | Fremont |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Not Defined |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| LOT | 9047 sq ft |
| TAXES | 30390 |
| WATER | Public |
| ZONING | R4 |
Location
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Listed with Marcus & Millichap
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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