$11,200,000
FOR SALEActive1270 Coronado Drive
Sunnyvale CA 94086
19,230
SF
Commercial
Type
1963
Built
$582/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
$1,200,000 PRICE REDUCTION -- NEW PRICE $11,200,000 w/ Current Cap Rate 5.68%. 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.
Property Information
Property Overview
Commercial
Property Type
Active
Status
R3
Zoning
0.8448 acres
Lot Size
26
Total Units
19,230 SF
Square Footage
$582.42/SF
Price per SF
$131,623
Annual Tax
1,963
Year Built
12
Parking Total
0.62
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
Data not available.
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CRMLS
MLS# ML82040844
Listed:
Nalren refreshed:
Last updated
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Listed by: Marcus & Millichap
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.