GetMyHome
‪(213) 433-7766‬

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

home-pic
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
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82015122
Home ConditionGood
Features
Patio
View-

About this home

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
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (2 Listings)
Beds00
Baths00
Square foot3,1983,198
50%
Lot Size6,0068,400
33%
Price$2.44M$2.59M
33%
Price per square foot$763$763
50%
Built year19621963
33%
HOA
Days on market110132
33%
Condition Rating
Good
Built in 1962, this quadplex has undergone significant interior renovations, particularly in the kitchens and bathrooms, which feature modern gray shaker cabinets, white solid-surface countertops, subway tile backsplashes, stainless steel appliances (dishwasher), and contemporary fixtures. New wood-look laminate flooring and fresh paint are present throughout the living areas, with new carpeting in the bedrooms. While the interiors are move-in ready and aesthetically updated, the exterior shows signs of its age with cracked concrete patios and an older AC unit. The presence of wall heaters also indicates that not all major systems have been fully modernized, preventing an 'Excellent' rating. However, the extensive recent updates make it far superior to 'Fair'.
Pros & Cons

Pros

Prime Location & Appreciation: Situated in highly desirable Cupertino, offering access to top-rated schools, unbeatable proximity to major tech campuses (Apple Inc.), and a history of high appreciation, ensuring strong tenant demand and long-term value growth.
Significant Rent Upside Potential: Current rents are explicitly stated as 'below market,' presenting a golden opportunity for a new owner to increase cash flow and maximize return on investment through rent adjustments.
Income-Generating Quadplex: As a 4-unit property, it provides diversified income streams and a robust investment vehicle, reducing risk compared to single-family rentals in a high-demand rental market.
Desirable Unit Amenities: First-floor units boast private backyards, and all units include individual garages, which are highly attractive features that enhance tenant appeal, retention, and potential rental value.
Excellent Accessibility: Located in close proximity to freeways, shopping, dining, and top employers, ensuring convenience for tenants and contributing to the property's desirability.

Cons

Below Market Rents (Current Cash Flow): While offering upside, the current below-market rents mean the immediate cash flow may not fully reflect the property's potential, requiring active management and investment to achieve optimal returns.
Age of Property: Built in 1962, the property is over 60 years old. Despite being 'well maintained,' older buildings can incur higher maintenance costs and may require significant capital expenditures for system upgrades or cosmetic renovations to maximize rental income.
High Entry Price Point: The list price of $2.43M for a property with current income of $132,600/year suggests a relatively low initial capitalization rate, which may require a longer holding period or significant rent increases to achieve desired cash-on-cash returns.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State