1248 Cortez Drive, Sunnyvale, California 94086, Sunnyvale, 94086 - 0 bed, 0 bath
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1248 Cortez Drive
Sunnyvale, California 94086
ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,168Sq Ft
7,841Lot Size
Property Price
LIST PRICE$2,288,000
EST. MARKET VALUE
$1,946,519
17% AboveMARKET VALUE
SUMMARY
This Quadruplex Residential Income property is a High-Potential Investment Opportunity, listed at $2,288,000—positioned above the $1,946,519 Fair Market Value. While priced at a premium, the property offers a Condition Rating of 3, featuring recent 2025 water heater upgrades and modern kitchen finishes. Located in a prime Silicon Valley hub with access to Top-Rated Schools like Homestead High, this asset ensures high tenant demand. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, well-maintained income-producing asset in a high-barrier-to-entry market.
Estimated Market Value
$1,946,519
Based on Realkey algorithm analyzing recent comparable sales in Sunnyvale.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1248 Cortez Drive Subject | $2,288,000* List Price | 0 | 0 | 3,168 | $614 | - |
A 1237 Coronado Drive Sold | $2,060,000 | 0 | 0 | 3,763 | $547 | 0.1 mi |
B 1241 Coronado Drive Active | $2,250,000 List Price | 0 | 0 | 3,763 | $598 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1962, the property has undergone significant renovations likely within the 5-15 year range. Kitchens feature updated shaker-style cabinetry and stone countertops, and the units include a mix of newer engineered wood and carpet. The presence of double-pane windows and very recent system updates (new hot water heaters in 2025) indicates a well-maintained, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Silicon Valley Location
Situated in the heart of Sunnyvale near major tech hubs, this property benefits from a low vacancy rate and high demand from professional tenants, ensuring consistent rental income.
- Top-Tier School District
The property offers access to highly-rated schools, including Homestead High, which significantly enhances long-term property value and attracts stable, long-term tenants.
- Turnkey Investment Potential
Featuring recent upgrades such as new hot water heaters and double-pane windows, this well-maintained quadruplex offers a high CAP rate and the benefit of residential financing for owner-occupants.
CONSRISKS & DEFICIENCIES
- Extended Days on Market
With 197 days on the market, the property may be facing challenges regarding its current price point relative to market demand or specific buyer hesitations.
- Vintage Infrastructure
Originally built in 1962, the property may require higher long-term maintenance costs for aging systems compared to newer constructions, despite recent surface-level improvements.
About 1248 Cortez Drive
Welcome to this spectacular investment property in the vibrant city of Sunnyvale, boasting an impressive 3,168 sq ft of living space with 4 undated 2bed +1bath units. Each well-appointed L-Shaped kitchen provides modern conveniences, including a 220 Volt Outlet, ceramic tile countertops, powerful exhaust fan, garbage disposal, and a deep sink, making it ideal for culinary enthusiasts. The 4 units offer various flooring options such as engineered wood, carpet, laminate, tile, and vinyl/linoleum, providing durability, easy cleaning, and style throughout. 2 NEW HOT WATER HESTERS installed in late 2025. Enjoy cozy evenings nesting in this very quiet & prime neighborhood, yet also benefit from the convenience & easy commute to all modern tech companies in the heart of the Silicon Valley. Additional features include double pane windows for energy efficiency and a walk-in closet in each unit for generous storage. Each unit has an assigned covered parking with overhead storage cabinets with 1 Tandem parking. TOP Cupertino Schools! What great Residential investment can also be owner occupied with favorable residential loan benefits. Sunnyvale location with little vacancy rate and high-end professional tenants. Well improved & maintained property with high CAP Rate.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1962
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 0
- 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
4/10
Edith Landels Elementary School
Grades K-5 • 0.9 mi
7/10
Gabriela Mistral Elementary
Grades K-5 • 2.3 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,168 | 3,391 |
| Lot Size | 7,841 | 8,922 |
| Price | $2.29M | $1.90M |
| Price per sq ft | $722 | $747 |
| Built year | 1962 | 1962 |
| HOA | $0 | $0 |
| Days on market | 202 | 53 |
Pricing History
Listed for Sale
Feb 19, 2026
$2,288,000
Initial Listing
Sold
Jan 3, 2018
$2,125,000
Public Record
Sold
Oct 28, 2011
$776,500
Public Record
Sold
Sep 30, 2004
$840,000
Public Record