1040 W Iowa Avenue, Sunnyvale, CA 94086
- $1,398,000
- 2,178
- SqFt
- List Price
- $1,398,000
- Status
- ACTIVE
- MLS#
- ML82058102
- Year Built
- 1959
- Living Sq. Ft
- 2,178
- Lot Size
- 6,211
- Acres
- 0.14
- Days on Market
- 6
- Property Type
- Multifamily
- Property Sub Type
- Triplex
Property Description
Wonderful triplex in quiet neighborhood w/ single family homes near Heritage District & Downtown. Immediate 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. Delivered vacant at close of escrow- 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. Opportunity to upgrade 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 City of Sunnyvale to verify. Feeds into Vargas Elementary, Sunnyvale Middle, & Homestead High. Many of the largest tech 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.
Additional Information
- Taxes
- $15,531
- Appliances
- Dishwasher, Disposal, Microwave, Refrigerator
- Heat
- Electric, Wall Furnace
- Cooling
- Yes
- View
- None
- Roof
- Composition, Shingle
- Sewer
- Public Sewer
- Water
- Public
- School District
- Other
- Elementary School
- Other
- Middle School
- Sunnyvale
- High School
- Homestead
- Attached Structure
- Detached
- Gross Scheduled Income
- $81,780
Listing courtesy of Listing Agent: Ismael Benhamida (ismael@benhamidagroup.com) from Listing Office: Compass.
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