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748 Carmel Ave 6 Unit Apartment Building $2,829,466 CAD ($471,578 CAD/Unit) 4.91% Cap Rate Sunnyvale, CA 94085
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $2,829,466 CAD | Building Class | C |
| Price Per Unit | $471,578 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 3,708 SF |
| Cap Rate | 4.91% | Average Occupancy | 95% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3, Sunnyvale | ||
| Price | $2,829,466 CAD |
| Price Per Unit | $471,578 CAD |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,708 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3, Sunnyvale |
AMENITIES
SITE AMENITIES
- Laundry Facilities
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Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 205-16-002 | Improvements Assessment | $1,031,614 CAD |
| Land Assessment | $1,306,714 CAD | Total Assessment | $2,338,328 CAD |
PROPERTY TAXES
Parcel Number
205-16-002
Land Assessment
$1,306,714 CAD
Improvements Assessment
$1,031,614 CAD
Total Assessment
$2,338,328 CAD
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748 Carmel Ave
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