NOT LISTED FOR SALE

1245 Coronado Dr Sunnyvale, CA 94086

9 Beds
4 Baths
3,763 Sq Ft
9,662 Sq Ft Lot

Last Sold October 21, 2021

Last sale price $2,250,000 $598 Per Sq Ft

2 Days on Market

Highlights

  • Contemporary Architecture
  • Double Pane Windows
  • Forced Air Heating System
  • Sunnyvale Middle School Rated A-
  • Storage Room
  • Coin Laundry

About This Home

As of October 2021

Amazing Opportunity to Buy 4 Turnkey Units in Sunnyvale. Established area with multiple new developments nearby. Tremendous Opportunity with Huge Upside Potential. Historically Low vacancy Rate. Large Lot. Near Proposed Sunnyvale City Line Downtown Development. Close to Google, Apple, Microsoft, Linkedin, Shops, Restaurants, Freeways, Public Transportation, Employers, Entertainment. Mature landscaping in great neighborhood. Some interior photos posted of newly updated unit. All units are different inside. Two units are more original and two are more updated.

Last Agent to Sell the Property

Rob Chiang

Robert Chiang Real Estate ServicesIncorporated License #01445917 Listed on: 09/10/2021

Last Buyer's Agent

Jia Zhao

BQ Realty License #02101838

BQ Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 9,662 Sq Ft Lot
  • Sprinkler System
  • Mostly Level
  • Grass Covered Lot

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,763 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Storage Room
  • Crawl Space

Kitchen

  • Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Parking

  • 3 Parking Spaces
  • 2 Carport Spaces
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $111,360

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Other Expense $44,000
  • Operating Expense $44,000
  • Gross Income $117,360

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

9,662 Sq Ft Lot

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Style: Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3763
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: 220 Volt Outlet, Appliances - Vary By Unit, Dishwasher, Hood Over Range, Refrigerator
  • Living Sq Ft: 3763
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Composition
  • Yard/Grounds: Low Maintenance, Sprinklers - Lawn
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Assigned Spaces
  • Carport Min: 2

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Description: Grade - Mostly Level
  • Lot Acres: 0.2218
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9661.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9661.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 19.60
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expenses Other: 44000
  • Expenses Total: 44000
  • Income Annual Gross: 117360.00
  • Income Annual Rental: 111360
  • Income Gross Scheduled: 117360
  • Income Includes: Laundry, Rents
  • Income Other: 6000
  • Meters: Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities
  • Tenant Expenses: Rent Only
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Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2021 10/21/21 Sold $2,250,000 -2.2% $598 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $2,300,000 -- $611 / Sq Ft
Source: MLSListings

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $27,272 $2,387,717 $1,750,993 $636,724
2024 $27,272 $2,340,900 $1,716,660 $624,240
2023 $27,023 $2,295,000 $1,683,000 $612,000
2022 $26,590 $2,250,000 $1,650,000 $600,000
2021 $9,256 $759,686 $280,267 $479,419
2020 $9,139 $751,898 $277,394 $474,504
2019 $8,938 $737,155 $271,955 $465,200
2018 $8,762 $722,702 $266,623 $456,079
2017 $8,650 $708,533 $261,396 $447,137
2016 $8,315 $694,641 $256,271 $438,370
2015 $8,363 $684,208 $252,422 $431,786
2014 $8,199 $670,806 $247,478 $423,328
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81862175

MLSListings

APN: 161-16-023

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