Sunnyvale, CA 94086
$2,050,000
Bed
0
Bath
0
Living Space
4,247 SqFt
Year Built
N/A
Lot Size
N/A
Days
4
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 | CONTACT LISTING AGENT
Listing provided courtesy ofAdam Foley License 02144332 CBRE, Inc.
- Vargas Elementary School (Elementary) - GreatSchools rating 3/10 - Sunnyvale Middle School (Middle) - GreatSchools rating 9/10 - Homestead High School (High) - GreatSchools rating 10/10 School District: Sunnyvale School District
Braly Park is located approximately 1 mile away and features a lagoon, water play area, ball field, and tennis courts. Corn Palace Park is also situated within 1 mile of the property.
The property is located in the Washington Park neighborhood of Sunnyvale. The area is characterized by residential streets and is situated near local amenities and services within the city.
Walk Score: 45/100 and Transit Score: 41/100. The location is considered car-dependent with some nearby public transportation options.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Vargas Elementary School (Elementary) - GreatSchools rating 3/10 - Sunnyvale Middle School (Middle) - GreatSchools rating 9/10 - Homestead High School (High) - GreatSchools rating 10/10 School District: Sunnyvale School District
Braly Park is located approximately 1 mile away and features a lagoon, water play area, ball field, and tennis courts. Corn Palace Park is also situated within 1 mile of the property.
The property is located in the Washington Park neighborhood of Sunnyvale. The area is characterized by residential streets and is situated near local amenities and services within the city.
Walk Score: 45/100 and Transit Score: 41/100. The location is considered car-dependent with some nearby public transportation options.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.