Unbelievable opportunity for multi-unit investment or multigenerational living. Most versatile property to hit the market in decades prime downtown Sunnyvale location. 2 houses on 1 lot. Front house offers 3 rental setups: Main floor 2/1 w/kitchen, full bath, full-size laundry. Upper floor configurable as 2/2 w/kitchen, full laundry, separate side-door access. Finished basement as flex space w/kitchenette & full bath. Use elevator (ADA) for main-to-upper multi-gen flow. All units open to quiet central courtyard. Back house: 2/1 w/kitchen, living rm, full-size laundry +bonus rm, HUGE quiet backyard w/multiple fruit trees. Steps to Caltrain (3-min walk) & iconic Murphy Ave dining/shopping (5-min walk). Minutes from top Silicon Valley tech giants & Bay Area transit. Recent refreshes: interior/exterior paint, designer LED lighting, new hardware, mirrors, plumbing fixtures. At current Sunnyvale averages (~$3,000$3,500/mo overall; 1BR ~$2,900$3,200; 2BR ~$3,500$3,800), this can deliver ~4% CAP rate. Savvy investors: explore adding 2nd story to back house for more units/revenue. Live in 1 rent the rest or buy as family compound. Must-see to appreciate endless reconfiguration options for higher yield & equity. Each home: separate utilities & addresses (320/324) 4 parking spaces. Must see
Listed by Rick Smith with Robert Smith, Broker (650) 492-9007
Quick Facts
Property Type
Single Family Residence
Status
Active
MLS Number
ML82034260
Year Built
1956
Lot Size
7,902 sq ft
Property Type
Single Family Residence
Status
Active
MLS Number
ML82034260
Year Built
1956
Lot Size
7,902 sq ft
Property Highlights
Details
320 Angel Avenue, Sunnyvale, California 94086 - $2,398,000 | Allan Real Estate Investments