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About the Listing ML5012166 - ML5086143
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.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 0 Full
- Appliances: Dishwasher, Disposal, Microwave, Refrigerator
- Air Cond:
- Heating: Electric,Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 3
- Zoning: R3
- Roof: Composition,Shingle
- Others: Has ADU
- Sewer: Public Sewer
- Parking Features: Covered,Uncovered
Financial Details
- Tax Amount: $15,531
- Taxes w/Assessments: N/A
- Tax/Property ID: 16140031
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1040 W Iowa Ave Sunnyvale, CA 94086
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