1040 W Iowa AVE, Sunnyvale, CA 94086
- $1,398,000
- 2,178
- SqFt
- List Price
- $1,398,000
- MLS#
- ML82058102
- Status
- ACTIVE
- Zoning
- R3
- Sqft. of Residence
- 2,178
- Lot Size
- 6,211
- Listing Area
- Sunnyvale
Property Description
Wonderful triplex in quiet neighborhood w/ single family homes near Heritage District & Downtown. Owner occupancy opportunity & 80% LTV conventional financing available. Built in 1959, 6,211 SqFt lot, 2,178 SqFt building. Unit Mix: (1) 2-Bed/1-Bath owners unit & (2) 1-Bed/1-Bath units. Vacant & fully renovated 1-Bed/1-Bath unit #2 with new plumbing, insulation, electrical, interior walls, flooring, windows, kitchen, bathroom, & LED lights. All copper piping, fumigation completed, & SB-721 clearance. Opportunity to add value by implementing utility reimbursement system & renovating 2 units. As an example, the new owner could upgrade the electrical service to add in-unit laundry, air conditioning, & electric vehicle chargers. An ADU consultant has determined that add one conversion ADU can be added pursuant to statewide ADU polices- buyer to contact the City of Sunnyvale to verify. Feeds into Vargas Elementary, Sunnyvale Middle, & Homestead High. Many of the largest technology companies are near Sunnyvale including Alphabet, Apple, Nvidia, Amazon, Microsoft, & Meta. The robust high tech job growth, housing shortage, excellent schools, & proximity to large Silicon Valley employers make 1040 W. Iowa Avenue a great opportunity for both the cash flow & appreciation minded investor.
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Additional Information
- Age
- 67
- Cooling System
- Ceiling Fan
- Energy Features
- None
- Foundation
- Concrete Perimeter
- Garage Parking
- Assigned Spaces, Covered Parking, No Garage, Uncovered Parking
- Heating System
- Electric, Wall Furnace
- Laundry Facilities
- Coin Operated, Washer / Dryer
- Living Area
- 2,178
- Lot Description
- Grade - Mostly Level, Regular
- Lot Size
- 6,211
- Neighborhood
- Sunnyvale
- Other Rooms
- Laundry Room, Storage
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Composition, Shingle
- Sewer
- Sewer - Public
- Special Features
- None
- Total Number Of Units
- 3
- Unincorporated Yn
- Yes
- Zoning
- R3
Mortgage Calculator
Listing courtesy of Ismael Benhamida from Compass. 408-373-6195
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