1273 Cortez DR, Sunnyvale, CA 94086
1273 Cortez DR, Sunnyvale, CA 94086
1273 Cortez DR, Sunnyvale, CA 94086
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Leon Borunda

Leon Borunda

+1(559) 779-6540
$2,050,000
Est. payment /mo
4,247 SqFt
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Open House

Wed Oct 21, 11:30am - 1:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,247 sqft

Price per Sqft $482

MLS Listing ID ML82064680

HOA Y/N No

Year Built 1963

Annual Tax Amount $23,160

Lot Size 7,949 Sqft

Property Sub-Type Quadruplex

Property Description

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

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning R3

Interior

Heating Forced Air, Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Covered

Carport Spaces 4

View Y/N No

Roof Type Shingle

Accessibility None

Building

Story 2

Sewer Public Sewer

Water Public

Schools

School District Other

Others

Tax ID 16117009

Special Listing Condition Standard

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Listed by Adam Foley CBRE, Inc. #02144332

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Leon Borunda

Leon Borunda

+1(559) 779-6540

Realtor License ID: 01818465

Realtor License ID: 01818465

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