645 Grand Fir Avenue

Sunnyvale, CA 94086

$2,650,000
Price
Beds
4,593 Sq. Ft.
$577 / Sq. Ft.
4,593
Sq. Ft.
$577
per Sq. Ft.

Description

645 Grand Fir Avenue is 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 owners unit with multiple entrances, three two-bedroom units, and two one-bedroom units, providing a diverse offering for potential tenants. Currently, the...645 Grand Fir Avenue is 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 owners 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.
  1. Listed by Jimmy Castellanos • DRE #02024152 • Brokerage DRE #01240999 • Marcus & Millichap • 408-483-5040

Property Details for 645 Grand Fir Avenue

MLS City Name
SUNNYVALE
Building Type
Other
Garage Spaces
0
Parking Spaces
9
LISTING UPDATED: 12/18/2024 12:20 AM

Property Details for 645 Grand Fir Avenue

StatusActive
MLS #ML81987719
Days on Compass16
Taxes$30,390 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1959
Lot Size0.21 AC / 9,047 SF
CountySanta Clara County

Building Information for 645 Grand Fir Avenue

Stories-Residences-Year Built1959Building Size-Lot Size0.21 AC / 9,047 SF

Property Information for 645 Grand Fir Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 4593
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 6
Garage
  • Garage and Parking: Carport, Common Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Sunnyvale
  • Restrictions: None
  • Roof: Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 645
  • Street Name: Grand Fir
  • Street Suffix: Avenue
  • Area ID: 19
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 4593
  • Structure SqFt Source: Assessor
  • Age: 65
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Trust
  • Zoning Detail: R4
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 211-02-010
  • County Name: Santa Clara
  • City Name: SUNNYVALE
  • City Postal ID: 74
  • Postal Code: 94086
  • Elementary School: 205
  • Elementary School District: 470
  • Middle School Text: Sunnyvale Middle
  • High School District Text: Fremont Union High
  • High School Text: Fremont High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .21
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 5
General Information
  • Annual Tax Amount: $30,390
  • Capitalization Rate: 4.43
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $7,500
  • Expense Landscape: $780
  • Expense Maintenance: $3,900
  • Expense Management: $0
  • Expense Trash: $12,000
  • Expenses Other: $5,000
  • Expenses Utility: $2,700
  • Expenses Total: $62,270
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Trash Removal, Utilities - Electric, Utilities - Water
  • Gross Rent Multiplier: 14.31
  • Income Annual Gross: $179,663
  • Income Annual Rental: $183,780
  • Income Gross Scheduled: $185,220
  • Income Other: $1,440
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $3,300
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,560
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $2,180

Property History for 645 Grand Fir Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 645 Grand Fir Avenue

Taxable ValueLand$627,251Additions$780,585Total$1,407,836
Tax Record2024$16,538 ($1,378 / month)
Home Facts
Total Finished SqFt4,593 SqFtAbove Grade Finished SqFt4,593 SqFtStories2Lot Size9,047 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningR4CountySANTA CLARAAPN211-02-010Fireplace TypeHas Fireplace

Schools near 645 Grand Fir Avenue

This home is within Fremont Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ellis Elementary School
PublicK to 5

Sunnyvale Middle School
Public6 to 8

Fremont High School
Public9 to 12

Community Day School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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645 Grand Fir Avenue is for sale in Sunnyvale, CA 94086. This property was listed for sale on December 2, 2024 by Marcus & Millichap, it's currently listed at $2,650,000. It has been on the market for a total of 16 days and was last sold on July 1, 2003. This listing's school districts are Fremont Union High School District, Sunnyvale School District. Nearby schools include Ellis Elementary School, Sunnyvale Middle School and Fremont High School. 645 Grand Fir Avenue is a 0-bed, 0-bath, 4,593 sqft built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.