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… Read More 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. Read Less
Courtesy of Compass, Ismael Benhamida 408-373-6195
Listing Snapshot
Days Online
0
Last Updated
Property Type
Triplex
Square Ft.
2,178
Lot Size
0.14 Acres
Year Built
1959
MLS Number
ML82058102
30 Days Snapshot Of 94086
$1.93M
-10%
(avg) sold price
13
-43%
homes sold
25
-7%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 6211.00, Max Area Units: Square Feet
Unit One
2 bedrooms in unit 1, Unit 1 rent: $2,350
Unit Two
1 bedroom in unit 2, Unit 2 rent: $2,700
Unit Three
1 bedroom in unit 3, Unit 3 rent: $1,700
Accessibility Features
None
Building
Built in 1959, 3 building units, 1 building, 2,178 structure square feet
Energy Saving
None
Roof
Composition, Shingle
Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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