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Millman Team Real Estate

$12,250,000
0.84 Acre Lot

1270 Coronado Drive, Sunnyvale, California 94086

  • Commercial Sale Property Type
  • 1963 Year Built
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 program approximately ~$1, 500, 000 in capital improvements, resulting in a fully renovated, turn-key asset with 25 of 26 units upgraded. In addition, every unit features a private in-unit washer and dryer, a highly differentiated amenity that supports tenant demand and retention. Capital improvements include roof replacement, upgraded subpanels, and extensive interior renovations. As a result, the offering provides a true zero near-term capital expenditure profile, allowing a buyer to step into stabilized operations without additional investment. The property is positioned in the core of Silicon Valley with close proximity to Apple, Google, NVIDIA, LinkedIn, and OpenAI in nearby Mountain View, placing it within one of the regions primary AI and technology employment corridors. Tour and additional information available upon request.

Basic Details
Commercial Sale
For Sale
ML82040844
$12,250,000
1963
0.84 Acre
Active
: Composition
Features
: Electric
31.0
$0
Address Map
CA
Santa Clara
Sunnyvale
94086
Coronado
1270
Drive
W123° 56' 37.7''
N37° 22' 57.4''
699 - Not Defined
R3
Neighborhood
Other
Additional Information
$0
$0
$0
$0
$0
19230
26
2026-03-30
12400000
Broker/Agent Information
Marcus & Millichap
Mitchell Zurich
Financial
145652.0
Listing Information
ML478729
ML88226
Active
2026-08-17T23:52:45Z
CRMLS
: Standard
2026-08-09T17:00:00Z
Agent info
Ray Millman
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