1248 Cortez Drive, Sunnyvale, California 94086, Sunnyvale, 94086 - 0 bed, 0 bath
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Sunnyvale, California 94086
This Strategic Residential Income Quadruplex is listed at $2,288,000, offering a stable investment opportunity aligned with its $2,084,823 Fair Market Value. Maintaining a Condition Rating of 3, the property features four updated units with Double Pane Windows and a private Patio. Its location in the Silicon Valley Tech Hub, paired with access to Top Cupertino Schools like Homestead High, drives consistent tenant demand and a high CAP rate. This asset is a premier choice for Buy-and-Hold Investors or Owner-Occupants looking to leverage residential financing for a high-performing multi-family home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1248 Cortez Drive Subject | $2,288,000* List Price | 0 | 0 | 3,168 | $658 | - |
A 1237 Coronado Drive Sold | $2,060,000 | 0 | 0 | 3,763 | $547 | 0.1 mi |
B 457 Carneros Avenue Sold | $2,200,000 | 0 | 0 | 3,354 | $656 | 0.4 mi |
C 1241 Coronado Drive Pending | $2,198,000 List Price | 0 | 0 | 3,763 | $584 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained for its age. It features several key updates including double-pane windows, newer engineered wood and laminate flooring, and recently replaced hot water heaters. While the kitchen cabinetry, ceramic tile countertops, and wall heaters are dated, the units are clean, functional, and show minimal wear, meeting the criteria for a well-maintained income property.
Situated in the heart of Sunnyvale with easy access to major tech hubs, this property benefits from a low vacancy rate and a high-demand rental market driven by high-end professional tenants.
As a quadruplex, the property qualifies for residential loan benefits, allowing for owner-occupancy with favorable terms while maintaining a high CAP rate for investors.
The property is located within a highly desirable school district, including access to top-rated institutions like Homestead High School, which significantly enhances long-term property value and tenant retention.
Each two-bedroom unit features only one bathroom, which may be a competitive disadvantage in a market where modern professional tenants often prefer a 1:1 bedroom-to-bathroom ratio.
Built in 1962, the property may require more frequent maintenance and capital expenditures for aging systems compared to newer residential income developments.
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.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.9 mi
Grades K-5 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,168 | 3,354 | 33% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $2.29M | $2.20M | 67% |
| Price per sq ft | $722 | $656 | 67% |
| Built year | 1962 | 1963 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 88 | 33% |
Feb 19, 2026
$2,288,000
Initial Listing
Jan 3, 2018
$2,125,000
Public Record
Oct 28, 2011
$776,500
Public Record
Sep 30, 2004
$840,000
Public Record