1273 Cortez Drive, Sunnyvale, California 94086, Sunnyvale, 94086 - 0 bed, 0 bath
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1273 Cortez Drive
Sunnyvale, California 94086
ACTIVE
CONDITION: FAIR
0Beds
0Baths
4,247Sq Ft
7,950Lot Size
Property Price
LIST PRICE$2,050,000
EST. MARKET VALUE
$2,130,122
3% BelowMARKET VALUE
SUMMARY
This multifamily asset presents a High-Potential Investment Opportunity with a List Price of $2,050,000—positioned well below the $2,130,122 Fair Market Value by 3%. This valuation gap offers $80,122 in Instant Equity. Featuring a Fair Condition Rating, the property includes rare townhome-style layouts and a vacant unit ready for immediate renovation. Located in the high-demand Sunnyvale West submarket, this asset is ideal for Buy-and-Hold Investors or Value-Add Developers seeking to maximize rental income in Silicon Valley.
Estimated Market Value
$2,130,122+$80,122 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 1273 Cortez Drive Subject 0 bd · 0 ba · 4,247 sqft · $502 | $2,050,000* List Price | 0 | 0 | 4,247 | $502 | - |
A 1241 Coronado Drive Active 0 bd · 0 ba · 3,763 sqft · $584 · 0.1 mi | $2,199,000 List Price | 0 | 0 | 3,763 | $584 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1963 and described as only partially renovated, the property is functional but dated. Interior photos show older carpeting and vertical blinds, and the listing explicitly identifies a 'value-add opportunity' for the vacant unit, indicating that kitchens and bathrooms require modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Rare Townhome-Style Layouts
The property features oversized townhome-style units, including a rare three-bedroom/three-bathroom floorplan, which provides a significant competitive advantage in attracting long-term tenants seeking privacy and space.
- Immediate Value-Add Potential
With one unit currently vacant, investors have the unique opportunity to renovate and achieve market-rate rents on day one of ownership without waiting for lease expirations or tenant turnover.
- Prime Silicon Valley Location
Situated in the highly desirable Sunnyvale West submarket, the property benefits from strong rental demand driven by high-tech salaries and proximity to major employment hubs.
CONSRISKS & DEFICIENCIES
- Vintage 1960s Construction
Built in 1963, the property may require higher ongoing maintenance costs or capital expenditures for aging building systems compared to more modern multifamily assets.
- Inconsistent Renovation Status
The asset is only partially renovated, meaning a new owner will need to commit additional capital to modernize the remaining units to achieve a uniform standard and maximize total rental income.
About 1273 Cortez Drive
1273 Cortez Drive (the Property) is a multifamily asset built in 1963 and comprised of four (4) units in a single two-story building. The Property features a unit mix of one (1) one-bedroom/one-bathroom floorplan, two (2) two-bedroom/one-bathroom townhome floorplans, and one (1) three-bedroom/three-bathroom townhome floorplan. The oversized, townhome-style layouts are a rarity among small-scale rental stock and appeal to renters seeking space and privacy. The Property is partially renovated and in-place rents are strong, averaging $2,813 per unit per month, in line with current market rents. The one vacant unit, a two-bedroom/one-bathroom townhome, offers investors an immediate value-add opportunity. A new owner can renovate the unit on day one and bring it to market rent immediately. The upside is available on the first day of ownership without waiting on a lease expiration or tenant turnover. The Propertys Sunnyvale location in the Sunnyvale West submarket generates premium rents and strong demand from renters backed by high-tech salaries. This Property offers investors the rare opportunity to acquire a partially renovated, well-leased asset in one of the most sought-after rental markets in Silicon Valley. OPEN HOUSE WEDNESDAY OCTOBER 21 11:30-1:00PM
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1963
- Lot Size
- 7,950 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 • 0.5 mi
4/10
Edith Landels Elementary School
Grades K-5 • 0.9 mi
7/10
Gabriela Mistral Elementary
Grades K-5 • 2.2 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 | 4,247 | 3,293.333 |
| Lot Size | 7,950 | 8,281.333 |
| Price | $2.05M | $2.07M |
| Price per sq ft | $483 | $759 |
| Built year | 1963 | 1968 |
| HOA | $0 | $0 |
| Days on market | 9 | 44 |
Pricing History
Listed for Sale
Oct 15, 2026
$2,050,000
Initial Listing