1270 Coronado DR

$11,200,000

1270 Coronado DR, Sunnyvale, CA, 94086

19,230 sqft

Listing courtesy of Mitchell Zurich, Marcus & Millichap
Listing broker contact: 408-888-9594 · mzurich@marcusmillichap.com

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.

Listing details

MLS #: ML82040844
Status: Active
Property type: FiveOrMoreUnits
Living area: 19,230 sqft
Lot size: 36,800 sqft
Year built: 1963
Garage: 0
List price: $11,200,000
List date: 2026-03-30
Listing agent: Mitchell Zurich
Listing office: Marcus & Millichap

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