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Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID ML82028387
HOA Y/N No
Year Built 1959
Annual Tax Amount $23,709
Property Description
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.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 6
Roof Type Composition
Building
Water Public
Schools
School District Other
Others
Tax ID 20516002
Special Listing Condition Standard
Listed by Eymon Binesh Marcus & Millichap
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Peggy Knauft
Partner | Lic# 01998271