645 Grand Fir Ave
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645 Grand Fir Ave
6 Unit Apartment Building $2,650,000 ($441,667/Unit) 4.42% Cap Rate Sunnyvale, CA 94086
Investment Highlights
- Attractive Price: Listed at $441,666 per unit, well below Sunnyvale’s $1.9M median home price, offering strong appreciation potential.
- Diverse Unit Mix: Includes one 3-bedroom owner's unit, three 2-bed units, and two 1-bed units, appealing to various tenants.
- Prime Location: Just over a mile from Downtown Sunnyvale, with easy access to major tech employers like Apple and Google.
- Top Schools: Located in the Sunnyvale School District, feeding into Fairwood Elementary, Sunnyvale Middle, and Fremont High.
Executive Summary
Make contact: jcastellanos@marcusmillichap.com
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 owner’s 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.
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 owner’s 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.
Property Facts
| Price | $2,650,000 | Apartment Style | Low Rise |
| Price Per Unit | $441,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 4.42% | Building Size | 4,593 SF |
| Gross Rent Multiplier | 14.42 | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.96/1,000 SF |
| Price | $2,650,000 |
| Price Per Unit | $441,667 |
| Sale Type | Investment |
| Cap Rate | 4.42% |
| Gross Rent Multiplier | 14.42 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,593 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.96/1,000 SF |
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 3 | - | - |
| 3+2 | 1 | - | - |
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Bike Score ®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 211-02-010 | Improvements Assessment | $765,280 |
| Land Assessment | $614,952 | Total Assessment | $1,380,232 |
PROPERTY TAXES
Parcel Number
211-02-010
Land Assessment
$614,952
Improvements Assessment
$765,280
Total Assessment
$1,380,232
zoning
| Zoning Code | R4, Sunnyvale |
| R4, Sunnyvale |
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