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C$ 12,400,000

Est. payment | -/mo

3 Beds

2 Baths

19,230 SqFt

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C$ 12,400,000

Est. payment | -/mo

Save

3 Beds

2 Baths

19,230 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 19,230 sqft

Price per Sqft C$644

Lot Size 0.845 Acres

MLS Listing ID ML82040844

Bedrooms 3

Full Baths 2

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.

Location

State CA

County Santa Clara

Area Sunnyvale

Building/Comlex Name Element Apartment Homes

Zoning R3

Interior

Heating Electric

Cooling Other

1-purchase type For Sale

Exterior

Garage Covered Parking, Uncovered Parking

Pool Pool - In Ground

Utilities Available Individual Electric Meters

Roof Type Composition

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer Connected

Water Water On Site

Others

Restrictions None

Tax ID 161-17-013

Security Features None

Special Sale Not Applicable

Listed by Mitchell Zurich of Marcus & Millichap
Bought with Mitchell Zurich of Marcus & Millichap

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557 SE Washington Ave, Minneapolis, MN, 55455, USA

1270 Coronado DR Sunnyvale, CA 94086

Key Details

Location

Interior

Exterior

Building

Others

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1270 Coronado DR