NOT LISTED FOR SALE

675 Grand Fir Ave Sunnyvale, CA 94086

Ponderosa Park Neighborhood
3 Beds
2 Baths
4,384 Sq Ft
9,426 Sq Ft Lot

Last Sold November 14, 2019

Last sale price $2,653,500 $605 Per Sq Ft

24 Days on Market

About This Home

As of November 2019

PLEASE DO NOT DISTURB TENANTS. First Time on Market in 11+ Years. Property Situated on Cul-de-Sac, Desirable Rental Area in Sunnyvale. Very Low Tenant Turnover Property and Low Management Responsibilities. 4 of 6 Units Leased on Month-to-Month Basis. 2 of 6 Units Leased as Furnished Rentals. Successful, Proven Furnished Rental Business (Managed by Manager) Transferable to New Owner. Substantial Capital Improvements: Staircase, New Dual Pane Windows, Sewer Back-up Pump, Exterior Paint & More. Easy Access to Highway 101, 85, 237, 280. Easy Access to El Camino Real. Excellent Unit Mix (Spacious Units) Two (2) 1 BR/1 BA Units, Four (4) 2 BR/1 BA Unit. Furnished Rents: 2 BR/1 BA - $2,700 to $3,300/Month (NET of 20% Management Fee). Unfurnished Rents: 2 BR/1 BA - $2,350 to $2,725/Month; 1 BR /1 BA - $2,050 to $2,195/Month. Current CAP Rate: 4.68%/Current GRM: 14. Pro-Forma CAP Rate: 5.13% / Pro-Forma GRM: 13.2. Building SF: 4,384 SF/Lot Size: 9,047 SF/Cost Per SF: $602/SF.

Last Agent to Sell the Property

Don Sung

Colliers Parrish International License #01935797 Listed on: 09/13/2019

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Lot Details

  • 9,426 Sq Ft Lot

Home Design

  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,384 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Parking Spaces
  • 6 Carport Spaces

Utilities

  • Wall Furnace
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $183,492
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 6 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,737
  • Maintenance Expense $3,000
  • Manager Expense $9,175
  • Other Expense $3,000
  • Utility Expense $9,572
  • Operating Expense $58,629
  • Gross Income $182,178

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

0

Listing Details

  • Zoning: R4
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4384
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Living Sq Ft: 4384
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport
  • Carport Min: 6

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.2164
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9425.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9425.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 14.06
  • Number Of Leased: 6

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expense Insurance: 1737
  • Expense Landscape: 1200
  • Expense Maintenance: 3000
  • Expense Management: 9175
  • Expenses Other: 3000
  • Expenses Total: 58629
  • Expenses Utility: 9572
  • Income Annual Gross: 182178.00
  • Income Annual Rental: 183492
  • Income Gross Scheduled: 187812
  • Income Includes: Laundry
  • Income Other: 4320
  • Meters: Master Water, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Heating
  • Vacancy Factor: 3

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2019 11/14/19 Sold $2,653,500 +0.5% $605 / Sq Ft
10/08/2019 10/08/19 Pending -- -- --
09/13/2019 09/13/19 For Sale $2,640,000 -- $602 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Don Sung

    Colliers Parrish International

    Section Image

  • R

    Buyer's Agent in 2019

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81768459

MLSListings
California Santa Clara County Sunnyvale 94086 Ponderosa Park

675 Grand Fir Ave, Sunnyvale, CA

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