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Listed by Mitchell Zurich, DRE #01870648 • Marcus & Millichap
$ 11,600,000
Est. payment /mo
Price Dropped by $650K
1270 Coronado DR Sunnyvale, CA 94086
3 Beds
2 Baths
19,230 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 19,230 sqft
Price per Sqft $603
MLS Listing ID ML82040844
Bedrooms 3
Full Baths 2
Year Built 1963
Lot Size 0.845 Acres
Property Sub-Type Five or More Units
Source MLSListings, Inc.
Property Description
$800,000 PRICE REDUCTION - NEW PRICE $11,600,000. SELLER IS TARGETING A YEAR END CLOSING AND ENCOURAGES OFFERS. Offering Memorandum and DD File available. Element Apartment Homes is an extensively renovated 26 unit apartment community offering strong in place income with limited near term capital requirements. The property has undergone a comprehensive renovation program with more than $1.35 million in capital improvements. All units feature private in unit washer and dryer and upgraded electrical subpanels, providing enhanced capacity and tenant appeal. Additional capital improvements include roof replacement, seismic retrofit, dual pane windows, copper plumbing, extensive interior renovations, and more. The property continues to offer upside in existing rents, supported by strong rent growth across Sunnyvale. Sunnyvale apartment rents increased 7%+ year-over-year in Q2 2026, supporting continued rental upside. The property is positioned in the core of Silicon Valley with close proximity to Apple, Google, NVIDIA, LinkedIn and OpenAIs new Silicon Valley campus, placing it within one of the regions primary AI and technology employment corridors.
Location
State CA
County Santa Clara
Area Sunnyvale
Zoning R3
Interior
Heating Electric
Cooling Other
Exterior
Parking Features Covered Parking, Uncovered Parking
Garage Spaces 12.0
Pool Pool - In Ground
Utilities Available Individual Electric Meters
Roof Type Composition
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer Connected
Water Water On Site
Others
Tax ID 161-17-013
Special Listing Condition Not Applicable
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