1270 Coronado Drive Sunnyvale, CA 94086
Turnkey apartment community with strong income and recent renovations.
Property Features for 1270 Coronado Drive
General Information
- Standard status
- Active
- Size
- 19,230 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1963
Listing office MARCUS & MILLICHAP (650) 391-1700
Listing date Mar 31, 2026
Source Corcoran
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 MARCUS & MILLICHAP
Investment Insights
Based on property information with market context.
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.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $773.0k | $40.20 |
| − Vacancy | −$34.0k | −$1.77 |
| EGI | $739.0k | $38.43 |
| − OpEx | −$332.6k | −$17.29 |
| NOI | $406.5k | $21.14 |
