Sunnyvale, CA 94085,748 Carmel Avenue
Listed by Eymon Binesh • Marcus & Millichap
Bought with Eymon Binesh • Marcus & Millichap

$1,928,000

Est. payment /mo

$2,028,000

4.9%
Est.Price: ?

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748 Carmel Avenue Sunnyvale, CA 94085

3,708 SqFt

SOLD DATE : 01/08/2026

Key Details

Sold Price $1,928,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 3,708 sqft

Price per Sqft $519

MLS Listing ID ML82028387

Sold Date 01/08/26

HOA Y/N No

Year Built 1959

Lot Size 9,000 Sqft

Property Sub-Type Other

Source Datashare MLSListings

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

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Refrigerator

Laundry Coin Operated

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Bay East Association of Realtors

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Alessandra Imanabadi

Alessandra Imanabadi

Broker/ Realtor | License ID: 01390368 NMLS Lic.# 328245

+1(510) 504-2528

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