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… Read More 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 Read Less
Property listed by Robert Smith, Broker, Rick Smith 650-492-9007
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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