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$1,928,000

  • Sold
  • Closed
  • Commercial Residential Facility
  • 3,708 Sq. Ft.
  • 0.2066 Acres
  • Updated 8 days ago
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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.

Full Property Details for 748 Carmel Ave

General

  • Sold For: $1,928,000
  • Status: Closed
  • Type: Commercial Residential Facility
  • Source: RE_Infolink
  • MLS ID: ML82028387
  • Added to Site: 49 day(s) ago

Rooms

Other Rooms

  • Laundry: Coin-Operated

Additional Information

  • Security/Safety: None

Parking

  • Parking Features: Off-Street Parking

Location

  • Area: Sunnyvale
  • County: Santa Clara

Heating & Cooling

  • Cooling Type: None

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Metering: Master Water, Separate Electric, Separate Gas

Structural Information

  • Foundation: Wood Frame
  • Roof: Composition
  • Disability Access: Parking
  • Square Feet: 3,708
  • Year Built: 1959

Unit Information

Unit 1

  • Square Feet: 537
  • Bedrooms: 1

Unit 2

  • Square Feet: 780
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.2066
  • Minimum Lot Size: 9000
  • Building Sites: 1
  • Zoning: R3

Disclosures and Reports

  • Restrictions: None

Listed by Marcus & Millichap, Eymon Binesh
Sold by M&MKW, Eymon Binesh

Listing agent

— 748 Carmel Ave —

  • Eymon Binesh

    Marcus & Millichap

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 748 Carmel Ave

School Districts:Sunnyvale Elementary School District, Fremont Union High School District
NameGradesDistance
San Miguel Elementary School, Sunnyvale, CA
777 San Miguel Avenue, Sunnyvale, CA 94085
K-50.1 mi
Columbia Middle School
739 Morse Avenue, Sunnyvale, CA 94085
6-80.6 mi
Fremont High School
575 W. Fremont Ave., Sunnyvale, CA 94087
9-122.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 748 Carmel Ave

Date
Details
Price
Change
Source
1/08/2026
Sold
$1,928,000
-4.93%
MLS
11/28/2025
Listed
$2,028,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Marcus & Millichap, Eymon Binesh
Sold by M&MKW, Eymon Binesh

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748 Carmel Ave, Sunnyvale, CA 94085 (MLS# ML82028387) is a Commercial Residential Facility property that was sold at $1,928,000 on January 08, 2026. Want to learn more about 748 Carmel Ave? Do you have questions about finding other Commercial Residential Facility real estate for sale in Sunnyvale? You can browse all Sunnyvale real estate or contact a Coldwell Banker agent to request more information.