Remodeled Duplex with Two
For Sale
$2,298,888
332 Lastreto Ave, Sunnyvale, CA 94085
Two updated residences feature modern kitchens, private outdoor areas, and garage parking.
Property Size3,098 SF
Price / SF$742.06
Days on Market32
Property Features for 332 Lastreto Ave
General Information
Standard status
Active
Size
3,098 SF
Property subtype
Business Opportunity
Building Details
Year Built
1981
Listing Agency:
Intero Real Estate Services
(408) 394-4881
Listed By:
Lino Matos · License #01136395
Source:
Homeisv
Added: Jul 30
Changed: Aug 29
Last Checked: Aug 29 at 3:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Intero Real Estate Services
Investment Insights
Based on property information with market context.
Built in 1981, this duplex includes two substantially updated residences with separate layouts and garage parking. The front unit has four bedrooms and three new bathrooms, along with a new kitchen, stainless steel appliances, quartz surfaces, family and dining rooms, interior laundry, and a private patio adjoining the primary bedroom. Its improvements include new electrical wiring and main panels, copper plumbing, HVAC, an electric water heater, insulation, and permitted reconstruction work.
The two-story rear unit offers three bedrooms, two and one-half updated bathrooms, a family room with an electric fireplace, dining space, and a remodeled kitchen with new cabinetry, quartz countertops and backsplash, stainless steel appliances, laminate flooring, and recessed lighting. It also includes a large private backyard, garage, and electrical subpanel. Additional property improvements include a new roof and gutters, stucco, a concrete driveway, landscaping with automatic sprinklers, new fencing, and sewer lines beneath the front unit. The property provides access to Highways 101 and 85 and is in Sunnyvale, California.
The two-story rear unit offers three bedrooms, two and one-half updated bathrooms, a family room with an electric fireplace, dining space, and a remodeled kitchen with new cabinetry, quartz countertops and backsplash, stainless steel appliances, laminate flooring, and recessed lighting. It also includes a large private backyard, garage, and electrical subpanel. Additional property improvements include a new roof and gutters, stucco, a concrete driveway, landscaping with automatic sprinklers, new fencing, and sewer lines beneath the front unit. The property provides access to Highways 101 and 85 and is in Sunnyvale, California.
Key Highlights
- Duplex with two residences and two garages
- Front unit has 4 bedrooms, 3 new baths, and permitted reconstruction work
- Two‑story rear unit includes 3 bedrooms and 2.5 updated baths
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,066
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,421,320
$1.4M
Cap Rate 7%
$1,015,229
$1.0M
Cap Rate 9%
$789,622
$789.6K
Market Conditions
NOI Build-Up for 3,098 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$106.0K $34.20/SF
− Vacancy
−$4.4K −$1.43/SF
EGI
$101.5K $32.77/SF
− OpEx
−$30.5K −$9.83/SF
NOI
$71.1K $22.94/SF
Area
Sunnyvale, CA
Vacancy
4.18%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,421,320
Cap Rate 7%
$1,015,229
Cap Rate 9%
$789,622
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$888.3K – $1.18M
NOI $71,066 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$935.5K
$818.5K – $1.09M
NOI $65,483 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,235 @ 7.0% cap · market cap 4.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
Explore this area
Business Placement
Demographics for 94085, CA
24,031
Population
9,666
Households
2.5
Avg Household Size
33
Median Age
62%
College-Educated
90%
High-School Grad
3.5 sq mi
ZIP Area
6,866
Density / Sq Mi
$183,563
Median Household Income
$103,383
Median Earnings
$3,187
Median Rent
$1,534,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences feature modern kitchens, private outdoor areas, and garage parking.
Where is this duplex located?
The property is located at 332 Lastreto Ave Sunnyvale, CA.
What is the asking price?
The asking price for this property is $2,298,888.
What are key features of this property?
This property features: Duplex with two residences and two garages; Front unit has 4 bedrooms, 3 new baths, and permitted reconstruction work; Two‑story rear unit includes 3 bedrooms and 2.5 updated baths
