MLS#ML82040844
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLOther
Listing Courtesy of:
Marcus & Millichap
Agency Phone: (650) 391-1700
Associate Name: Mitchell Zurich
Listing Shown by:
Farrell Smyth, Inc.
Agency Phone: 805-543-2172
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, with 25 of 26 units completely upgraded. Improvements include dual-pane windows, modernized interiors, new exterior paint, siding and lighting, and a renovated courtyard with BBQ area. Major capital upgrades include a seismic retrofit and new roof, significantly reducing future capital needs. Located in the heart of Silicon Valley near major employers such as Apple, OpenAI Google, NVIDIA, and LinkedIn, the property benefits from strong underlying rental demand.
Property Features
Property Type: Commercial - Business
Heating: Electric
Lot Size: 0.84 Acres
Roof Type: Composition
Taxes: $145,652
Year Built: 1963
Feature Descriptions
Days on Site: 7
Parcel#: 16117013
Local Schools
School District: Other
Listed By / Shown By
Listed By
Agency Name: Marcus & Millichap
Agency Phone: (650) 391-1700
Agent Name: Mitchell Zurich
Shown By
Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172
1270 Coronado Drive | MLS# ML82040844
This commercial property located at 1270 Coronado Drive, Sunnyvale, CA 94086 is currently listed for sale with an asking price of $12,400,000. Coronado Drive is located within the Other school district. Search Sunnyvale real estate on www.farrellsmyth.com today.