1270 Coronado DR, Sunnyvale, CA 94086
- $11,600,000
- 19,230
- SqFt
Listed by Mitchell Zurich, 408-888-9594 from Marcus & Millichap
(If provided) CoList: from
- List Price
- $11,600,000
- Price Change
- ▼ $650,000 1789609763
- MLS#
- ML82040844
- Status
- ACTIVE
- Sqft. of Residence
- 19,230
- Lot Size
- 36,800
- Listing Area
- Sunnyvale
- Year Built
- 1963
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.
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Additional Information
- Building Name
- Element Apartment Homes
- Cooling System
- Other
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Covered Parking, Uncovered Parking
- Heating System
- Electric
- Living Area
- 19,230
- Lot Size
- 36,800
- Neighborhood
- Sunnyvale
- Other Utilities
- Individual Electric Meters
- Pool Description
- Pool - In Ground
- Roof
- Composition
- Sewer
- Sewer Connected
- Zoning
- R3
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