New Listing
$2,680,000
( $513.71Per Sq Foot )
 $14,387 est/mo Sourced by Back At You

622 Grand Fir Avenue,Sunnyvale, CA 94086

Sunnyvale, CA 94086

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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.

Details

MLS #ML82061216
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1959
Days On Site1
Listing Provided ByMarcus & Millichap | Jimmy Castellanos

Features

SQ Feet5,217
Car PortYes
Building(s)2
ZoningR4
Acreage0.25

Interior

CoolingWall Window Units
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofComposition, Shingle

Taxes

Property31278

Area Information

StateCA
CountySanta Clara
CitySunnyvale
Zip Code94086
Area699 Not Defined
Listing VS Median (in 94086)
Price:
$2,680,000
low | high
Med:
$2,680,000
50% of Average
sqft:
5,217
low | high
Med:
5,217
50% of Average
$ / sqft:
$514
low | high
Med:
$514
50% of Average
On site:
1
low | high
Med:
1
100% of Average
Sourced by Back At You

Market Activity 94086

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Learn More About This Property

Coldwell Banker Commercial Real Estate Solutions

Coldwell Banker Commercial Real Estate Solutions

DRE: 01857050 (760) 684-8000info@cbcdesert.com
StateCA
CountySanta Clara
CitySunnyvale
Zip Code94086
Area699 Not Defined
Listing VS Median (in 94086)
Price:
$2,680,000
low | high
Med:
$2,680,000
50% of Average
sqft:
5,217
low | high
Med:
5,217
50% of Average
$ / sqft:
$514
low | high
Med:
$514
50% of Average
On site:
1
low | high
Med:
1
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $2.1M - $3.35M
sqft: 3,500 - 6,500
Nearby Listings Property ImageNearby Listings Details
651 Belladonna Court Property Photo 1
$2,450,000
651 Belladonna Court
Sunnyvale, CA 94086
Listing Updated: September 15, 2026 at 3:08:07 AM PDT
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