Price Reduced Listing
$11,600,000
( $603.22Per Sq Foot )
 $62,271 est/mo Sourced by Back At You

1270 Coronado Drive,Sunnyvale, CA 94086

Sunnyvale, CA 94086

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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.

Details

MLS #ML82040844
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1963
Days On Site172
Listing Provided ByMarcus & Millichap | Mitchell Zurich

Features

SQ Feet19,230
Car PortYes
Units26
Building(s)3
ZoningR3
Acreage0.84

Interior

HeatingElectric
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofComposition

Taxes

Property136300

Area Information

StateCA
CountySanta Clara
CitySunnyvale
Zip Code94086
Area699 Not Defined
Listing VS Median (in 94086)
Price:
$11,600,000
low | high
Med:
$2,680,000
100% of Average
sqft:
19,230
low | high
Med:
5,217
100% of Average
$ / sqft:
$603
low | high
Med:
$514
64.840078523131% of Average
On site:
172
low | high
Med:
3
100% of Average
Sourced by Back At You

Market Activity 94086

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Learn More About This Property

Coldwell Banker Commercial Real Estate Solutions

Coldwell Banker Commercial Real Estate Solutions

DRE: 01857050 (760) 684-8000info@cbcdesert.com
StateCA
CountySanta Clara
CitySunnyvale
Zip Code94086
Area699 Not Defined
Listing VS Median (in 94086)
Price:
$11,600,000
low | high
Med:
$2,680,000
100% of Average
sqft:
19,230
low | high
Med:
5,217
100% of Average
$ / sqft:
$603
low | high
Med:
$514
64.840078523131% of Average
On site:
172
low | high
Med:
3
100% of Average
Sourced by Back At You
Listing Updated: September 16, 2026 at 12:52:12 PM PDT
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