Extensively Renovated Silicon Valley
For Sale
$11,600,000
1270 Coronado Dr, Sunnyvale, CA 94086
Turnkey apartment community with strong income and recent renovations.
Property Size19,098 SF
Price / SF$603.22
Days on Market200
Property Features for 1270 Coronado Dr
General Information
Standard status
Active
Size
19,098 SF
Property subtype
Multifamily
Occupancy
97%
Amenities
Turn-key Sunnyvale apartment community with 25 of 26 units renovated.
Private in-unit washer and dryer in every apartment.
Demonstrated pride of ownership with renovated interiors and well-maintained grounds.
Located in the core of Silicon Valley near major employers including Apple, Google, LinkedIn, NVIDIA, and OpenAI.
Convenient access to Highway 101, Interstate 280, and regional Caltrain service.
Community amenities include swimming pool, landscaped courtyard areas, BBQ and picnic space, and covered parking.
Desirable one- and two-bedroom floor plans that appeal to Silicon Valley renters.
38 Parking spaces in total: 24 covered (assigned) & 14 uncovered (rentable)
Building Details
Building Size
19,098 SF
Units
26
Listed By:
Mitch Zurich · License #License(s): CA: 01870648
(650) 391-1824
Source:
Marcusmillichap
Added: Mar 31
Changed: Sep 30
Last Checked: Oct 16 at 5:49AM
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 Mitch Zurich
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Element Apartment Homes presents a turnkey, extensively renovated community with strong in-place income and no near-term capital requirements. Located in the heart of Silicon Valley, the property benefits from strong underlying rental demand due to its proximity to major employers such as Apple, OpenAI, Google, NVIDIA, and LinkedIn. The property, with a size of 19230 square feet, has undergone a comprehensive renovation, with 25 of 26 units completely upgraded. All units feature private in-unit washer and dryer and new electrical subpanels, providing enhanced capacity and tenant appeal. Improvements include dual-pane windows, modernized interiors, new exterior paint, siding and lighting, and a renovated courtyard with BBQ area. Major capital upgrades include a seismic retrofit and new roof, significantly reducing future capital needs.
Key Highlights
- Extensively renovated with 25 of 26 units completely upgraded, offering a turnkey investment.
- Located in the heart of Silicon Valley, near major employers like Apple, OpenAI, Google, NVIDIA, and LinkedIn, ensuring strong rental demand.
- All units feature private in‑unit washer and dryer and new electrical subpanels.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$406,468
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,129,360
$8.1M
Cap Rate 7%
$5,806,686
$5.8M
Cap Rate 9%
$4,516,311
$4.5M
Market Conditions
NOI Build-Up for 19,230 SF
Gross rent
$773.0K $40.20/SF
− Vacancy
−$34.0K −$1.77/SF
EGI
$739.0K $38.43/SF
− OpEx
−$332.6K −$17.29/SF
NOI
$406.5K $21.14/SF
Area
Sunnyvale, CA
Vacancy
4.40%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,129,360
Cap Rate 7%
$5,806,686
Cap Rate 9%
$4,516,311
Alternative Uses
Best Use
Apartment 5plus
$5.81M
$5.08M – $6.77M
NOI $406,468 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.36M
$7.31M – $9.75M
NOI $584,940 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,472
Businesses Nearby
Explore this area
Business Placement
Demographics for 94086, CA
50,175
Population
21,264
Households
2.4
Avg Household Size
34
Median Age
70%
College-Educated
94%
High-School Grad
4.4 sq mi
ZIP Area
11,403
Density / Sq Mi
$180,217
Median Household Income
$113,343
Median Earnings
$2,923
Median Rent
$1,784,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey apartment community with strong income and recent renovations.
Where is this apartment building located?
The property is located at 1270 Coronado Dr Sunnyvale, CA.
What is the asking price?
The asking price for this property is $11,600,000.
What are key features of this property?
This property features: Extensively renovated with 25 of 26 units completely upgraded, offering a turnkey investment.; Located in the heart of Silicon Valley, near major employers like Apple, OpenAI, Google, NVIDIA, and LinkedIn, ensuring strong rental demand.; All units feature private in‑unit washer and dryer and new electrical subpanels.
