748 Carmel Avenue, Sunnyvale, CA 94085

About this commercial property

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.

Listing description from the January 2026 sale, as reported to CRMLS.

Sale history

$1,928,000

Sold January 2026 · listed $2,028,000, on market November 2025 · MLS #ML82028387 · Source: CRMLS

Listing Agent: Eymon Binesh · Listing Office: Marcus & Millichap · Contact: (650) 391-1700 · Bought with: Eymon Binesh · Marcus & Millichap

$1,360,000

Sold November 2013 · listed $1,389,900, on market September 2013 · MLS #ML81336086 · Source: CRMLS

Listing Agent: Maha A Dahdouh · Listing Office: Intero Real Estate Services · Contact: (408) 342-3000 · Bought with: Stacy Seymour · Coldwell Banker Realty

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