1270 Coronado DR, Sunnyvale, CA 94086
- $12,400,000
- 19,230
- SqFt
Listed by Mitchell Zurich, 408-888-9594 from Marcus & Millichap
(If provided) CoList: from
- List Price
- $12,400,000
- MLS#
- ML82040844
- Status
- ACTIVE
- Sqft. of Residence
- 19,230
- Lot Size
- 36,800
- Listing Area
- Sunnyvale
- Year Built
- 1963
Property Description
Element Apartment Homes is a turnkey, extensively renovated community offering strong in-place income with no near-term capital requirements. All units feature private in-unit washer and dryer and new electrical subpanels, providing enhanced capacity and tenant appeal. The property has undergone a comprehensive renovation program approximately ~$1,500,000 in capital improvements, resulting in a fully renovated, turn-key asset with 25 of 26 units upgraded. In addition, every unit features a private in-unit washer and dryer, a highly differentiated amenity that supports tenant demand and retention. Capital improvements include roof replacement, upgraded subpanels, and extensive interior renovations. As a result, the offering provides a true zero near-term capital expenditure profile, allowing a buyer to step into stabilized operations without additional investment. The property is positioned in the core of Silicon Valley with close proximity to Apple, Google, NVIDIA, LinkedIn, and OpenAI in nearby Mountain View, placing it within one of the regions primary AI and technology employment corridors. Tour and additional information available upon request.
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Additional Information
- Building Name
- Element Apartment Homes
- Cooling System
- Other
- Days On Market
- Unknown
- 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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