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$ 11,600,000
Est. payment /mo
Active
1270 Coronado Drive Sunnyvale, CA 94086
19,230 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 19,230 sqft
Price per Sqft $603
MLS Listing ID ML82040844
HOA Y/N No
Year Built 1963
Lot Size 0.845 Acres
Property Sub-Type Other
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.
Location
State CA
County Santa Clara
Zoning R3
Interior
Heating Electric
Cooling Other
Fireplace No
Building
New Construction No
Others
Tax ID 16117013
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Listed by Mitchell Zurich • Marcus & Millichap