1040 W Iowa AVE, Sunnyvale, CA 94086
1040 W Iowa AVE, Sunnyvale, CA 94086
1040 W Iowa AVE, Sunnyvale, CA 94086
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Steven Gary

Steven Gary

+1(408) 644-3287
Listed by Ismael Benhamida • Compass, DRE#01722847
$1,398,000
Est. payment /mo
4 Beds
3 Baths
2,178 SqFt
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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

Bedrooms 4

Full Baths 3

Year Built 1959

Lot Size 6,211 Sqft

Property Sub-Type Triplex

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.

Location

State CA

County Santa Clara

Area Sunnyvale

Zoning R3

Rooms

Other Rooms Laundry Room, Storage

Kitchen Countertop - Stone, Countertop - Synthetic, Dishwasher, Garbage Disposal, Microwave, Oven Range, Oven Range - Gas, Refrigerator

Interior

Heating Electric, Wall Furnace

Cooling Ceiling Fan

Laundry Coin Operated, Washer / Dryer

Exterior

Parking Features Assigned Spaces, Covered Parking, No Garage, Uncovered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

View None

Roof Type Composition,Shingle

Building

Lot Description Grade - Mostly Level, Regular

Story 2

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Tax ID 161-40-031

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Steven Gary

Steven Gary

+1(408) 644-3287

Realtor | License ID: 01895061

Realtor License ID: 01895061

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1040 W Iowa AVE

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