4-Unit Townhome-Style Multifamily
New
For Sale
$2,050,000
1273 Cortez DR, Sunnyvale, CA 94086
The two-story property combines varied apartment layouts with townhome-style floorplans and partial renovations.
Property Size4,247 SF
Days on Market7
Property Features for 1273 Cortez DR
General Information
Standard status
Active
Size
4,247 SF
Property subtype
Fourplex
Units
Unit Mix
1 x 1BR/1BA, 2 x 2BR/1BA, 1 x 3BR/3BA
Multifamily Units
4
Additional Details
Average Monthly Rent
$2,813
Taxes and HOA fees
Annual Taxes
$23,160
Building Details
Building Size
4,247 SF
Year Built
1963
Buildings
1
Stories
2
Listing Agency:
CBRE, Inc.
Listed By:
Adam Foley · License #02144332
(408) 409-3431
Source:
Lynnnorth
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 20 at 8:23PM
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 CBRE, Inc.
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.
Built in 1963, this two-story multifamily property contains four units, including three townhome-style layouts. The mix consists of one 1-bedroom/1-bathroom unit, two 2-bedroom/1-bathroom units, and one 3-bedroom/3-bathroom unit. The property has been partially renovated, and one 2-bedroom/1-bathroom unit is vacant.
The property is in Sunnyvale, California. Its configuration brings together conventional apartment and townhome-style floorplans within a single building.
The property is in Sunnyvale, California. Its configuration brings together conventional apartment and townhome-style floorplans within a single building.
Key Highlights
- Four units in a two‑story building constructed in 1963
- Unit mix: one 1‑bedroom/1‑bathroom, two 2‑bedroom/1‑bathroom, and one 3‑bedroom/3‑bathroom
- Three units feature townhome‑style layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,423
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,948,460
$1.9M
Cap Rate 7%
$1,391,757
$1.4M
Cap Rate 9%
$1,082,478
$1.1M
Market Conditions
NOI Build-Up for 4,247 SF
Gross rent
$145.2K $34.20/SF
− Vacancy
−$6.1K −$1.43/SF
EGI
$139.2K $32.77/SF
− OpEx
−$41.8K −$9.83/SF
NOI
$97.4K $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 Rate 5%
$1,948,460
Cap Rate 7%
$1,391,757
Cap Rate 9%
$1,082,478
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.22M – $1.62M
NOI $97,423 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,770 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$1.85M
$1.61M – $2.15M
NOI $129,186 @ 7.0% cap · market cap 6.30%
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
Lease Details
4
Residential units
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?
Quadplex - The two-story property combines varied apartment layouts with townhome-style floorplans and partial renovations.
Where is this quadplex located?
The property is located at 1273 Cortez DR Sunnyvale, CA.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Four units in a two‑story building constructed in 1963; Unit mix: one 1‑bedroom/1‑bathroom, two 2‑bedroom/1‑bathroom, and one 3‑bedroom/3‑bathroom; Three units feature townhome‑style layouts
