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Listed by Ismael Benhamida • Compass
$1,398,000
Est. payment /mo
2,178 SqFt
Open 8/23 1PM-3PM
1040 W Iowa Avenue Sunnyvale, CA 94086
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Sun Aug 23, 1:00pm - 3:00pm
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,178 sqft
Price per Sqft $641
MLS Listing ID ML82058102
HOA Y/N No
Year Built 1959
Lot Size 6,211 Sqft
Property Sub-Type Triplex
Source Datashare MLSListings
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.
Location
State CA
County Santa Clara
Interior
Heating Electric, Wall Furnace
Cooling Ceiling Fan(s)
Fireplace No
Laundry Coin Operated
Building
Lot Description Rectangular Lot
Water Public
Schools
School District Fremont Union, Sunnyvale
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