1270 Coronado Drive, Sunnyvale, CA 94086
List Price: $11.6M
Listing Status: Active
Original List Price: $12.4M
0Days on Market: 137
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1963
Lot Size: 36,800 sq ft
Annual Property Tax: $136,300
MLS Number: ML82040844
About This Property
$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.
Listing provided by: Mitchell Zurich DRE #01870648 (650) 391-1700 mzurich@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: ML82040844
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.