1248 Cortez Drive, Sunnyvale, California 94086, Sunnyvale, 94086 - 0 bed, 0 bath
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Sunnyvale, California 94086
This Residential Income Quadruplex represents a Strong Value Opportunity, listed at $2,288,000—positioned well above the $2,084,823 Fair Market Value by 9%. Despite the premium, the property maintains a Condition Rating of 3, featuring updated kitchens and recent mechanical upgrades. Located in a prime Silicon Valley hub with access to Top-Rated Cupertino Schools, this asset offers high rental demand and stability. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage residential financing in a high-barrier-to-entry market.
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.
Built in 1962 but well-maintained with significant updates. Kitchens feature newer shaker-style cabinetry and stone countertops, and the units have been refreshed with double-pane windows and a mix of laminate and engineered wood flooring. Major systems show recent attention with two new hot water heaters installed in late 2025, making the property functional and move-in ready.
Situated in the heart of Sunnyvale with easy commutes to major tech hubs, the property benefits from a historically low vacancy rate and high demand from professional tenants.
This well-maintained quadruplex boasts a high CAP rate and offers the flexibility for owner-occupancy, allowing buyers to take advantage of favorable residential loan benefits.
Each unit is thoughtfully equipped with walk-in closets, double-pane windows for energy efficiency, and updated kitchens, providing a competitive edge in the local rental market.
Originally constructed in 1962, the property may necessitate higher long-term reserves for maintenance and potential upgrades to vintage plumbing or electrical systems.
The reliance on tandem parking arrangements can be a logistical inconvenience for multi-car households, which may slightly limit the appeal for certain tenant profiles.
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 | 40% |
| Lot Size | 7,841 | 7,680 | 60% |
| Price | $2.29M | $2.06M | 80% |
| Price per sq ft | $722 | $656 | 60% |
| Built year | 1962 | 1964 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 117 | 143 | 40% |
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