Carmel Ave
Sunnyvale, CA 94085
San Miguel- 3 Beds
- 2 Baths
- 3,708 sqft
$1,928,000
Last Sold: Jan 8, 2026
5% below list $2.03M
$520/sqft
Est. Refi. Payment $11,695/mo*
$1,928,000
Last Sold: Jan 8, 2026
5% below list $2.03M
$520/sqft
Est. Refi. Payment $11,695/mo*
3 Beds
2 Baths
3,708 sqft
Local Information
-- mins to
Description
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.
Carmel Ave, Sunnyvale, CA 94085 is a 3 bedroom, 2 bathroom, 3,708 sqft multi-family in San Miguel, built in 1959. It last sold for $1,928,000 on Jan 8, 2026 (5% below the $2,028,000 asking price). It is currently off market. The Trulia Estimate is $1,905,100, with a rent estimate of $3,059/month.
Home Highlights
Parking
Carport
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$520/sqft
Listed
180+ days ago
Home Details for Carmel Ave
|
|---|
Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 2 |
Dimensions and Layout Living Area: 3708 Square Feet |
Appliances & Utilities Utilities: Public Utilities, Water PublicLaundry: Coin Operated |
Heating & Cooling Heating: Wall FurnaceNo CoolingAir Conditioning: NoneHeating Fuel: Wall Furnace |
Gas & Electric Gas: IndividualGasMeters, PublicUtilities |
Levels, Entrance, & Accessibility Accessibility: Parking |
|
|---|
Exterior Home Features Roof: CompositionFoundation: Wood Frame |
Parking & Garage Has a CarportNo GarageParking: Off Street |
Water & Sewer Sewer: Public Sewer |
|
|---|
Year Built Year Built: 1959 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Five Or More Units, Residential Income |
Property Information Included in Sale: OvenRangeAllUnitsParcel Number: 20516002 |
|
|---|
Price List Price: $2,028,000Price Per Sqft: $520/sqft |
|
|---|
Direction & Address City: Sunnyvale |
School Information Elementary School District: SunnyvaleHigh School District: FremontUnionHigh |
|
|---|
Building Area Building Area: 3708 |
|
|---|
Units in Building: 6 |
|
|---|
Lot Area: 8973.36 sqft |
|
|---|
Special Conditions: Standard |
|
|---|
Listing Agreement Type: ExclusiveRightToSellListing Terms: CashorConventionalLoan |
|
|---|
Mls Number: ML82028387 |
Last check for updates: about 12 hours ago
Listed by Eymon Binesh 02060059, (650) 546-1030
Marcus & Millichap, (650) 391-1700
Bought with: Eymon Binesh 02060059, (650) 546-1030, Marcus & Millichap, (650) 391-1700
Source: MLSListings Inc, MLS#ML82028387

Price History for Carmel Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 01/08/2026 | $1,928,000 | Sold | MLSListings Inc #ML82028387 |
| 12/05/2025 | $2,028,000 | Pending | MLSListings Inc #ML82028387 |
| 11/28/2025 | $2,028,000 | Listed For Sale | MLSListings Inc #ML82028387 |
Market trends in Sunnyvale
Last updated June 2026
Avg. sale price
$1.79M
$16.73KMoM
Sale-to-List Price
104.9%
1.2%MoM
Price per sq ft
$1.21K
$6MoM
Available listings
184
36MoM
Comparable Sales for Carmel Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.19 | Multi-Family Home | $1,708,000 | 03/30/26 | 4 | 2 | 1,536 | |
0.10 | Multi-Family Home | $1,749,000 | 05/08/26 | 6 | 4 | 2,237 | |
0.26 | Multi-Family Home | $1,900,000 | 05/01/26 | 1 | 1 | 2,940 | |
0.66 | Multi-Family Home | $2,810,000 | 09/16/25 | 3 | 2 | 4,308 | |
0.26 | Multi-Family Home | $3,950,000 | 12/30/25 | 3 | 2 | 9,276 | |
0.45 | Multi-Family Home | $1,710,000 | 03/17/26 | 4 | 2 | 1,554 | |
0.45 | Multi-Family Home | $1,700,000 | 05/12/26 | 4 | 2 | 1,554 | |
0.45 | Multi-Family Home | $1,690,000 | 03/31/26 | 4 | 2 | 1,554 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for Carmel Ave.
What Locals Say about San Miguel
At least 1 Trulia users voted on each feature.
100 % Say there's wildlife
100 % Say kids play outside
100 % Say it's dog friendly
100 % Say it's quiet
100 % Say there are sidewalks
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Apartments for Rent
Homes for sale near Carmel Ave
Off Market Homes Near Carmel Ave

Based on information from the MLSListings MLS as of 2026-07-13 19:21:19 PDT. 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.

