622 Grand Fir AVE

Grand Fir, Sunnyvale, CA, 94086
$2,680,000

Basics

Description

  • Description:

    Rare 7-unit apartment investment opportunity in Sunnyvale, offered at $382,857 per unit. The fully occupied property features an attractive unit mix of one three-bedroom/two-bathroom, two two-bedroom/one-bathroom, and four one-bedroom/one-bathroom units, totaling 5,217 square feet on a 0.25-acre lot. The well-maintained 1959-built property features dual-pane windows throughout and updated Siemens electrical sub-panels. Long-term ownership and current rents provide significant rental upside, with no citywide rent control ordinance currently in place. Sunnyvale's strong rental market has experienced nearly 10% year-over-year rent growth, supporting continued income growth. The property offers a 6.92% pro forma cap rate based on projected market rents. This offering provides an opportunity to acquire a fully occupied Sunnyvale multifamily asset with stable in-place income and a clear path to increased cash flow through unit turnover, consistent rent increases, and continued market rent growth.

Location

  • County: Santa Clara

Building Details

Amenities & Features

  • Waterfront: No
  • Garage: No
  • Attached garage: No
  • Fireplace: No
  • Private pool: No
  • Cooling: Window/Wall Unit
  • Utilities: Water - Public

Ask an Agent About This Home

Phone
By clicking the «REQUEST INFO» button you agree to the Terms of Use and Privacy Policy

Share this property

Copy

Or share with

Powered by Estatik

Reset password

Enter your email address and we will send you a link to change your password.

Create an account

Save searches on the Monterey Peninsula and get an email when new listings match.

Sign up with Google Sign up with email

Create an account

Save searches on the Monterey Peninsula and get an email when new listings match.

By clicking the «SIGN UP» button you agree to the Terms of Use and Privacy Policy
Powered by Estatik
Date added Added 4 hours ago Category Type Status
Area 5217 sq ft Lot size 10900 sq ft Year built 1959 Lease term Month To Month
Garage spaces 0 Listing source MLSL MLS ID ML82061216