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7344 Rainbow Drive, Cupertino, California 95014, Cupertino, 95014 - bed, bath

7344 Rainbow Drive, Cupertino, California 95014 home-pic-0
ACTIVE$2,438,888
7344 Rainbow Drive, Cupertino, California 95014
0Bed
0Bath
3,198Sqft
6,006Lot
Year Built
1962
Close
-
List price
$2.44M
Original List price
$2.59M
Price/Sqft
$763
HOA
-
Days on market
-
Sold On
-
MLS number
ML82015122
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.44M(33th), sqft - 3198(67th), beds - undefined(50th), baths - undefined(50th).

Excellent investment opportunity to own a 4 PLEX with a Great Location. Makes $11,050 a month, that's $132,600 a year. Unit mix consists of 4 units 2BED/1BATH. Well maintained quadplex is situated in a highly desirable neighborhood, offering access to top-rated Cupertino schools and unbeatable proximity to major tech campuses, including Apple Inc.. First floor 2-bedroom, 1-bath units boast private backyards, providing outdoor space for relaxation or entertaining. Garages for all units add convenience and extra storage. While current rents are below market, this presents a golden opportunity to increase cash flow offering an upside in an area of high appreciation. Located in close proximity to freeways, shopping, dining, and top employers. This quadplex is a rare find with tremendous upside potential. Don't miss out on this exceptional investment in one of Silicon Valley's most sought-after communities!

Price History

Date
Event
Price
09/19/25
Price Change
$2,438,888-3.9%
08/20/25
Price Change
$2,538,888-1.0%
08/07/25
Price Change
$2,563,888-1.0%
07/18/25
$2,588,888
Condition Rating
Good
While the property was built in 1962, the interior units have undergone extensive and recent renovations. The kitchens feature modern grey shaker cabinets, white quartz countertops, subway tile backsplashes, stainless steel dishwashers, and recessed lighting. Bathrooms are similarly updated with modern vanities, fixtures, and subway tile. New wood-look laminate flooring and fresh carpets are present throughout the living areas and bedrooms. The fresh paint and updated windows contribute to a move-in ready condition. However, the exterior retains its older aesthetic, and some visible systems like wall heaters and an older outdoor AC unit prevent an 'Excellent' rating, indicating that while the units are largely new, the overall building has not been fully modernized to the same extent.
Pros & Cons

Pros

Prime Location & Tech Proximity: Situated in a highly desirable Cupertino neighborhood with unbeatable proximity to major tech campuses (including Apple Inc.), freeways, shopping, dining, and top employers.
Significant Investment Upside: Current rents are below market, offering a golden opportunity to increase cash flow and capitalize on high appreciation in one of Silicon Valley's most sought-after communities.
Top-Rated School Access: Provides access to top-rated Cupertino schools, a major draw for families and a strong factor in tenant retention and property value.
Income-Generating Quadplex: A well-maintained 4-plex generating $11,050 per month ($132,600 annually), offering immediate income and a rare multi-unit investment opportunity.
Desirable Unit Features: All units include convenient garages for parking and storage, and first-floor units boast private backyards, enhancing tenant appeal and quality of life.

Cons

Below Market Rents: While an opportunity, the current rents are below market, meaning immediate cash flow is not maximized and requires active management to achieve full income potential.
Property Age: Built in 1962, the property may have older systems or components that could require future capital expenditures for updates or replacements, despite being described as 'well maintained'.
Recent Price Reductions: Multiple price drops from the original listing price indicate potential overpricing or challenges in attracting buyers at previous price points, suggesting market resistance.

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