1270 Coronado Drive, Sunnyvale, California 94086

  • $11,200,000
  • $11,600,000
1270 Coronado Drive, Sunnyvale, California 94086
Active
1270 Coronado Drive, Sunnyvale, California 94086
1270 Coronado Drive, Sunnyvale, California 94086
  • $11,200,000
  • $11,600,000

Description

$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.

  • Address 1270 Coronado Drive, Sunnyvale, California 94086
  • City Sunnyvale
  • State/county CA
  • Zip/Postal Code 94086

Details

Updated on October 19, 2026 at 11:51 pm
  • Property ID: ML82040844
  • Price: $11,200,000
  • Property Size: 19230 Sqft
  • Land Area: 0.8448 Acres
  • Year Built: 1963
  • Property Type: Commercial Sale
  • Property Status: Active

Additional details

  • Roof: Composition
  • Heating: Electric
  • County: Santa Clara
  • Property Type: Commercial Sale

Contact Information

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Hoyt Hochman

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  • Hoyt Hochman