Remodeled Duplex with Attached
For Sale
Under Contract
$2,298,888
332 Lastreto AVE, Sunnyvale, CA 94085
Residential Income (2-4 units), Contemporary, SUNNYVALE, CA
Property Size3,098 SF
Lot Size0.16 Acres
Price / SF$742.06
Days on Market42
Property Features for 332 Lastreto AVE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
7
Rooms
Bedroom 4, Bedroom 6, Bedroom 7, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 1
Parking
2
Parking features
Garage - Attached, On Street, Covered
Security features
Security Lighting
Fireplace
1
Appliances
220 Volt Outlet, Countertop - Other, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven Range - Gas
Subdivision
Sunnyvale
Standard status
Active Under Contract
Size
3,098 SF
Lot size
0.16 Acres
Utilities
Heating system
Forced Air, Electric (Heating), Central, Fireplace(s)
Cooling system
Gas (Cooling), Central Air
Water source
Public
Amenities
inside laundry
private patio
private backyard
Building Details
Year built
1981
Number of units
2
Building materials
Wood Frame
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
Intero Real Estate Services
(408) 357-5700
Listed By:
Lino Matos · License #01136395
(408) 394-4881
Added: Jul 19
Changed: Aug 26
Last Checked: Aug 29 at 4:06AM
MLS# ML82053893
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This contemporary duplex contains 3,098 square feet across two separately configured residences. The front unit has four bedrooms and three new bathrooms, along with a redesigned kitchen, stainless steel appliances, family and dining rooms, interior laundry, a private patio, and a one-car attached garage. The two-story rear unit offers three bedrooms, two and one-half updated bathrooms, a family room with electric fireplace, dining area, remodeled kitchen, private backyard, and a one-car garage.
Extensive permitted improvements include updated electrical systems, new heating and air conditioning, insulated walls, floors and ceilings, new roof and gutters, replacement windows in the front unit, new stucco, concrete driveway, fencing, landscaping with automatic sprinklers, and sewer lines beneath the front unit. The property is zoned R2 and sits on 0.1607 acres. Located in Sunnyvale, it provides access to Highways 101 and 85 and nearby Silicon Valley technology companies.
Extensive permitted improvements include updated electrical systems, new heating and air conditioning, insulated walls, floors and ceilings, new roof and gutters, replacement windows in the front unit, new stucco, concrete driveway, fencing, landscaping with automatic sprinklers, and sewer lines beneath the front unit. The property is zoned R2 and sits on 0.1607 acres. Located in Sunnyvale, it provides access to Highways 101 and 85 and nearby Silicon Valley technology companies.
Key Highlights
- Two‑unit duplex totaling 3,098 square feet on 0.1607 acres
- Front residence includes 4 bedrooms, 3 new baths, and a one‑car attached garage
- Two‑story rear residence offers 3 bedrooms, 2.5 baths, private backyard, and one‑car garage
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
Lease Details
2
Residential units
Yes
Highway access
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 - Contemporary two-unit property with updated interiors, private outdoor areas, and convenient access to major Silicon Valley employment centers.
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: Two‑unit duplex totaling 3,098 square feet on 0.1607 acres; Front residence includes 4 bedrooms, 3 new baths, and a one‑car attached garage; Two‑story rear residence offers 3 bedrooms, 2.5 baths, private backyard, and one‑car garage
