645 Grand Fir AVE, Sunnyvale, CA 94086
- $2,540,000
- 4,593
- SqFt
Listed by Jimmy Castellanos, 408-483-5040 from Marcus & Millichap
(If provided) CoList: from
Sold listing courtesy of Jimmy Castellanos from M&MKW
- Sold Price
- $2,540,000
- List Price
- $2,650,000
- Closing Date
- Feb 28, 2025
- MLS#
- ML81987719
- Status
- SOLD
- Sqft. of Residence
- 4,593
- Lot Size
- 9,047
- Listing Area
- Sunnyvale
- Year Built
- 1959
Property Description
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.
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Additional Information
- Acres
- 0.21
- Age
- 65
- Cooling System
- Window / Wall Unit
- Foundation
- Concrete Perimeter
- Garage Parking
- Carport, Common Parking Area
- Heating System
- Wall Furnace
- Living Area
- 4,593
- Lot Size
- 9,047
- Neighborhood
- Sunnyvale
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Shingle
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- R4
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