1237-1241 Coronado Dr - Apartments FOR SALE


Sunnyvale, CA 94086- Sunnyvale West
$4,656,000 USD
650-546-1030
1237-1241 Coronado Dr, Sunnyvale, CA for Sale
$4,656,000 USD
Apartments - FOR SALE
1/56
null | 3.8% Cap Rate

1237-1241 Coronado Dr
Sunnyvale, CA 94086
Sunnyvale West


OVERVIEW

Marcus & Millichap is pleased to present 1237-1241 Coronado Drive, a well-maintained 8-unit multifamily property in Sunnyvale, CA, that features two (2) side-by-side 4-plex's. The property features an attractive unit mix of two (2) massive 3-bedroom units and six (6) 2-bedroom units, totaling 7,526 SF on two (2) 0.17-acre lots. Located in a highly desirable neighborhood with strong rental demand, the asset offers meaningful upside through rent growth, as current rents remain below market. With convenient access to shopping, dining, transit, and major highways, this property presents a compelling Sunnyvale investment opportunity with stable in-place income and long-term upside. The property is ideally located near many of Silicon Valley's largest employers, including major tech campuses and corporate offices in Sunnyvale, Mountain View, and Santa Clara, driving consistent tenant demand. Can be sold together or separately. Attractive residential financing available.

FOR SALE DETAILS

PRICE

$4,656,000 USD

PRICE/SF

$532 USD /SF

# OF UNITS

8

PRICE/UNIT

$582,000

CAP RATE

3.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1237 Coronado Drive, Sunnyvale, CA 94086

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,932 SF

ZONING

R3

APN/PARCEL ID

161-16-021,161-16-022

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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Eymon BineshMarcus & MillichapMore Info
650-546-1030

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.