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457 Carneros Avenue, Sunnyvale, California 94086, Sunnyvale, 94086 - bed, bath

457 Carneros Avenue, Sunnyvale, California 94086 home-pic-0
ACTIVE UNDER CONTRACT$2,200,000
457 Carneros Avenue, Sunnyvale, California 94086
0Bed
0Bath
3,354Sqft
9,840Lot
Year Built
1964
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$656
HOA
-
Days on market
51 Days
Sold On
2026-01-30
MLS number
ML82029203
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.20M(50th), sqft - 3354(50th), beds - undefined(50th), baths - undefined(50th).

457 Carneros Avenue is a well-maintained four-unit apartment complex located in one of Sunnyvales most sought-after residential pockets. The property features a desirable unit mix consisting of (3) spacious two-bedroom units and (1) one-bedroom unit, catering to the strong local demand driven by the areas exceptional employment base. Residents benefit from immediate proximity to Apple, Google, Meta, LinkedIn, Amazon, NVIDIA, and numerous other world-class Silicon Valley employers, making this an ideal location for attracting and retaining quality long-term tenants. With efficient layouts, on-site parking, and strong in-place income, the property offers stable cash flow today with upside potential through selective interior improvements. This is a rare opportunity to own a fourplex in one of the most supply-constrained and consistently high-performing rental markets in the Bay Area. Marketing Package available upon request.

Nearby schools

4/10
Vargas Elementary School
Public,•K-5•0.6mi
7/10
Edith Landels Elementary School
Public,•K-5•1.3mi
7/10
Gabriela Mistral Elementary
Public,•K-5•2.6mi
6/10
Sunnyvale Middle School
Public,•6-8•1.0mi
6/10
Isaac Newton Graham Middle School
Public,•6-8•1.8mi
8/10
Mountain View High School
Public,•9-12•1.4mi
8/10
Homestead High School
Public,•9-12•2.7mi

Price History

Date
Event
Price
12/10/25
Listing
$2,200,000
Condition Rating
Poor
Built in 1964, this quadruplex shows significant signs of age and requires substantial rehabilitation. The kitchens feature very dated light wood, flat-panel cabinets, laminate countertops, older white appliances, and linoleum/vinyl flooring, along with fluorescent lighting. Bathrooms are similarly outdated with old vanities, basic fixtures, and older tile. Carpets in living areas appear worn. While the exterior seems maintained, the interiors, particularly the critical kitchen and bathroom areas, are well past their functional and aesthetic lifespan, likely last updated 30-50 years ago or more. The property description itself notes 'upside potential through selective interior improvements' and the AI analysis highlights 'Property Age & Potential System Obsolescence' and 'Need for Interior Upgrades,' confirming that major renovations are needed to bring the units to a competitive standard, including likely updates to plumbing, electrical, and HVAC systems.
Pros & Cons

Pros

Premier Location & Employment Proximity: Located in a highly sought-after Sunnyvale residential pocket with immediate proximity to major tech employers like Apple, Google, Meta, and NVIDIA, ensuring robust tenant demand.
Desirable Unit Mix: Features a strong unit mix of three spacious two-bedroom units and one one-bedroom unit, effectively catering to the local professional workforce and maximizing rental appeal.
Strong Investment Fundamentals: Offers stable in-place cash flow with significant upside potential through strategic interior improvements, making it an attractive long-term investment.
High-Performing Rental Market: Situated in one of the Bay Area's most supply-constrained and consistently high-performing rental markets, promising sustained demand and potential for rental growth.
Rare Multi-Unit Opportunity: Represents a rare opportunity to own a fourplex in a highly competitive and desirable Silicon Valley market, offering diversification and scale for investors.

Cons

Property Age & Potential System Obsolescence: Built in 1964, the property may have aging infrastructure (e.g., plumbing, electrical, HVAC) that could necessitate significant capital expenditures for updates or replacements in the future.
Need for Interior Upgrades: The description explicitly mentions 'upside potential through selective interior improvements,' indicating that units likely require modernization to maximize rental income and attract premium tenants, adding to initial investment costs.
Limited Modern Amenities: While efficient, the property description does not highlight modern amenities such as in-unit laundry or central air conditioning, which could be a competitive disadvantage against newer rental stock in the area.

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