1237 Coronado Drive, Sunnyvale, California 94086, Sunnyvale, 94086 - bed, bath
1237 Coronado Drive
Sunnyvale, California 94086
Property Price
SUMMARY
Analysis of 1237 Coronado Drive, Sunnyvale, California 94086 is currently available with a list price of $2,280,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Sunnyvale Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1963, this property is well-maintained but shows clear signs of being outdated. While the units are functional and move-in ready for tenants, the kitchens and bathrooms feature older cabinetry, standard appliances, and basic finishes that lack modern updates. The description's mention of 'meaningful upside' through rent growth further indicates that the property has not undergone a recent comprehensive renovation to meet current high-end market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Silicon Valley Location
Situated in a highly desirable Sunnyvale neighborhood near major tech campuses in Mountain View and Santa Clara, ensuring consistent tenant demand from a high-income workforce.
- Significant Rental Upside
Current rents are positioned below market value, providing a clear opportunity for investors to increase Net Operating Income and achieve long-term capital appreciation.
- Superior Unit Mix
The property features a rare and massive 3-bedroom unit alongside three 2-bedroom units, a configuration that typically attracts long-term tenants and reduces turnover compared to smaller units.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally constructed in 1963, the property may require increased capital reserves for deferred maintenance or modernization of major systems to remain competitive.
- Market Stagnation Indicators
A 65-day market duration and a recent price reduction suggest that the initial list price exceeded buyer expectations for the current cap rate environment.
About 1237 Coronado Drive
Marcus & Millichap is pleased to present 1237 Coronado Drive, a well-maintained 4-unit multifamily property in Sunnyvale, CA. The property features an attractive unit mix of one massive 3-bedroom unit and three 2-bedroom units, totaling 3,763 SF on a 0.17-acre lot. 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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1963
- Lot Size
- 7,320 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sunnyvale Unified Schools
Vargas Elementary School
Grades K-5 • 0.4 mi
Edith Landels Elementary School
Grades K-5 • 1.0 mi
Gabriela Mistral Elementary
Grades K-5 • 2.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,763 | 3,354 | 67% |
| Lot Size | 7,320 | 7,920 | 33% |
| Price | $2.28M | $2.20M | 67% |
| Price per sq ft | $606 | $656 | 33% |
| Built year | 1963 | 1963 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 87 | 33% |
Pricing History
Listed for Sale
Feb 17, 2026
$2,280,000
$2,328,000
-2% Price Drop
Initial Listing
Price Change
Jan 24, 2026
$2,328,000
Initial Listing
Sold
Oct 21, 2021
$2,325,000
Public Record
Sold
Aug 25, 2016
$1,950,000
Public Record