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ActiveMulti-Family

$2,288,000

1248 Cortez Dr, Sunnyvale 94086

Beds8
Baths4
Sqft3,168
DOM243
No Photos Available

AddressIntel AI Briefing

With pricing higher than local resale expectations and no SB 9 pathways, standard redevelopment is highly restricted. The optimal play is a localized cosmetic renovation of the existing layout to appeal to regional buyers.

Property Permit History

No permit history found directly associated with this property's address.

Recent Neighborhood Remodeling (Sunnyvale)

2026-10-21 • 1075 HAMSHIRE CT SUNNYVALE CA 94087
Engineering Project - Encroachment Permit
--Active - Issued
2026-10-21 • 1081 BAKER CT SUNNYVALE CA 94087
Minor Building Permit
$3,000Active - Issued
2026-10-21 • 425 S FAIR OAKS AV SUNNYVALE CA 94086
Minor Building Permit
$9,000Active - Issued
2026-10-21 • 1215 MANDARIN DR SUNNYVALE CA 94087
SolarAPP+
$32,000Active - Issued
2026-10-20 • 823 E HOMESTEAD RD SUNNYVALE CA 94087
Building Project
$14,000Active - Issued
2026-10-20 • 395 W EL CAMINO REAL SUNNYVALE CA 94086
Building Project
$20,000Active - Issued

Parcel & Zoning Info

APN16118019
Official Lot Sqft7,841
Zoning Code--
SB 9 StatusN/A

Seller Motivation

Motivation Score30/100
Some motivation
90+ days on market

Inferred from days on market and listing-description language (e.g. "as-is", "estate sale", "motivated seller"). A screening heuristic for likely negotiability, not a statement about the seller's circumstances.

Hazard Snapshot

Flood Zone

X
Area of minimal flood hazard.

Fire Severity

None
Not in a mapped state fire severity zone.

Liquefaction

No
Not in a mapped liquefaction zone.

Fault Zone

No
Not in a mapped Alquist-Priolo fault zone.

Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities. Liquefaction and fault flags: modified from California Geological Survey, Web Service of Official Maps of Alquist-Priolo Earthquake Fault Zones and Web Service of Official Maps of Seismic Hazard Zones (2025).

Nearby Public Schools

Elementary School

Vargas Elementary

Sunnyvale

0.4 miles away
Middle School

Sunnyvale Middle

Sunnyvale

1.4 miles away
High School

Alta Vista High

Mountain View-Los Altos Union High

1.5 miles away

School boundaries are subject to change. Nearest school distance does not guarantee enrollment eligibility. Check with the local district. Data provided by CDE.

Proprietary Intelligence

Market Heat Index

88/100

Based on recent sales velocity and local demand in 94086.

Flippability Score

20/100

Measures neighborhood renovation density vs. recent permits on this property.

Bidding War Prob.

1%

Likelihood of multiple offers based on local list-to-sale ratios and DOM.

Proforma ROI Calculator

Back-of-the-napkin deal analysis across development strategies.

Median of 7 recent multi-family sales in Sunnyvale (94086): $547/sqft, plus 5% because new houses sold at a median 1.07x their comps across 239 real rebuilds. Sized within 25% of the 4,800 sqft build, because smaller houses sell for more per foot and pricing a rebuild off them overstates resale.

Commission, transfer tax and closing. Deducted from resale before profit, so the ROI below is net of the exit rather than gross.

Interest on the purchase price for the whole project plus half the build budget, since construction draws ramp up. The default is 7% over 33 months, the median purchase-to-sale time of 239 real Peninsula and South Bay rebuilds. Set the rate to 0 for a cash purchase, or use your own lender's terms.

Hard Costs$2,640,000
New Build4,800 sqft
Total Capital Required$5,103,000
Estimated Resale (ARV)$2,755,200
Cost of Sale (5%)-$137,760
Carry (33mo @ 7%)-$711,384
Net Proceeds$1,906,056

Projected Profit

-$3,196,944
-62.6% ROI

Warning: Project is mathematically underwater.

Recent Comparables (Sunnyvale 94086)

Sized to the modelled 4,800 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

1026 Valerian Way

Sold
$2,840,000
Sold: 2026-08-28
Lot: 10,260
Sqft: 4300
$/Sqft: $660

1241 Coronado Dr

Sold
$2,070,000
Sold: 2026-06-12
Lot: 7,320
Sqft: 3763
$/Sqft: $550

504 Hawthorn Ave

Sold
$1,740,000
Sold: 2026-05-29
Lot: 7,260
Sqft: 3728
$/Sqft: $467

Garland

Sold
$2,675,000
Sold: 2026-05-21
Lot: 9,130
Sqft: 4737
$/Sqft: $565

1237 Coronado Dr

Sold
$2,060,000
Sold: 2026-04-06
Lot: 7,320
Sqft: 3763
$/Sqft: $547

646 Azara Pl

Sold
$1,750,000
Sold: 2026-03-11
Lot: 7,799
Sqft: 3837
$/Sqft: $456

1002 W Iowa Ave

Sold
$2,150,000
Sold: 2025-09-16
Lot: 7,124
Sqft: 4336
$/Sqft: $496