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1237 Coronado Drive, Sunnyvale, CA 94086 1237-1241 Coronado Dr 8 Unit Apartment Building $4,656,000 ($582,000/Unit) 3.80% Cap Rate Sunnyvale, CA 94086
EXECUTIVE SUMMARY
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.
Can be sold together or separately. Attractive residential financing available.
PROPERTY FACTS
| Price | $4,656,000 | Apartment Style | Low-Rise |
| Price Per Unit | $582,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 3.80% | Building Size | 8,756 SF |
| Gross Rent Multiplier | 17.17 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 0.91/1,000 SF |
| Zoning | R3 | ||
| Price | $4,656,000 |
| Price Per Unit | $582,000 |
| Sale Type | Investment |
| Cap Rate | 3.80% |
| Gross Rent Multiplier | 17.17 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 8,756 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Refrigerator
- Dining Room
- Family Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,432,630 | |
| Land Assessment | $3,501,986 | Total Assessment | $4,934,616 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,501,986
Improvements Assessment
$1,432,630
Total Assessment
$4,934,616
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1237 Coronado Drive, Sunnyvale, CA 94086 | 1237-1241 Coronado Dr
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