748 Carmel Avenue Sunnyvale, CA $ 2,028,000
748 Carmel Avenue
$ 2,028,000
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748 Carmel Avenue

Sunnyvale, CA, 94085
$ 2,028,000
Bedrooms-- Baths-- Sq 3,708

Monthly Estimate*

$ 12,652

Listed by Marcus & Millichap
748 Carmel Avenue, Sunnyvale, CA 94085 - Image 1
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Commercial Property for sale in Sunnyvale, CA

for $2,028,000. This 3,708 square foot building was built in 1959 on a lot size of 0.2066.

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.

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Commercial Pending

Price

$ 2,028,000

Property Type

Commercial

Taxes

$ 23,709

Style

Lot Size

0.2066

Year Built

1959

Town/City

Sunnyvale

County/Region

Santa Clara

MLS | Web ID

ML82028387

Days on Market

22

Features
General
Heating Wall Furnace
Cooling None
Roof Composition
Zoning R3
HOA Fee 0
Year Built 1959
County Santa Clara
Insurance Expense 7680
Property Type Commercial Sale
MaintenanceExpense 3000
Special Listing Conditions Standard
Status Pending
City Sunnyvale
High School District Other
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 9000
Carport Spaces 6
Carport Y/N true
Tax Annual Amount 23709
Trash Expense 3768
Standard Status Pending
Year Built Source Assessor
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Interior
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Water Source Public
Total Parking 0
Lot Size Area 9000
Number of Buildings 1
Building Area Total 3708
Lot Size Acres 0.2066
Lot Size Source Assessor
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* Excluded Features
List By
Marcus & Millichap

Broker

ebinesh@marcusmillichap.com

Email

Affordability Calculator

$14,628
Per Month
86%
14%
0%
Monthly Principal & Interest
$12,652
Monthly Property Taxes
$1,976
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/28/2025$2,028,000 Listed Price

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748 Carmel Avenue, Sunnyvale, CA, 94085 is a Commercial Property for sale at $2,028,000 with 3,708 sqft and a lot size of 0.2066. 748 Carmel Avenue was built in 1959. The property's zip code is 94085 which is in Sunnyvale, CA