CA > Sunnyvale
Sunnyvale, CA 94086,1002 W Iowa AVE
Sunnyvale, CA 94086,1002 W Iowa AVE
Sunnyvale, CA 94086,1002 W Iowa AVE
Sunnyvale, CA 94086,1002 W Iowa AVE
Sunnyvale, CA 94086,1002 W Iowa AVE
Sunnyvale, CA 94086,1002 W Iowa AVE
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John Faylor

John Faylor

+1(408) 605-8133
Listed by Ismael Benhamida • Compass
$ 2,200,000
Est. payment | /mo

3 Beds

2 Baths

4,336 SqFt

Save Virtual Tour
$ 2,200,000
Est. payment | /mo
Save Virtual Tour

3 Beds

2 Baths

4,336 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,336 sqft

Price per Sqft $507

MLS Listing ID ML82015703

Bedrooms 3

Full Baths 2

Year Built 1958

Lot Size 7,500 Sqft

Property Sub-Type Five or More Units

Property Description

Pride of ownership 5-unit apartment complex nestled in a quiet West Sunnyvale neighborhood of single family homes averaging $2.3M. Four 2-Bed/1-Bath units and one 1-Bed/1-Bath unit. The three upstairs units have covered outdoor space on the terrace. Ownership of over 30 years has meticulously maintained the property & installed copper plumbing, dual pane windows, gutters, a roof, & a steel beam structural retrofit, along with new modern steel & concrete pre-fabricated staircases & guardrails. Opportunity to increase income & value by updating the units with luxury finishes & upgrading the electrical service, enabling air conditioners, electric car chargers, & in-unit laundry. A pre-feasibility study by an ADU consultancy indicates that an ADU can be built pursuant to SB 1211 legislation (buyer to verify with City of Sunnyvale Planning Dept). Walking distance to shopping and public transportation on El Camino Real, 1.4 miles from Downtown Sunnyvale & Caltrain. Apple, Google, Amazon, & Meta are under 4 miles away. Stanford University is 8 miles away. The strong rent growth, shortage of housing units, proximity to tech employers, income upside, & ADU potential make 1002 W Iowa a great opportunity for both the cash flow & appreciation-minded investor. Offering memorandum available.

Location

State CA

County Santa Clara

Area Sunnyvale

Zoning R3

Rooms

Other Rooms Storage

Kitchen Appliances - Vary by Unit, Cooktop - Gas, Countertop - Granite, Countertop - Stone, Dishwasher, Microwave, Oven Range, Refrigerator

Interior

Heating Electric

Cooling Ceiling Fan

Laundry Coin Operated, Washer / Dryer

Exterior

Exterior Feature Other

Parking Features Carport , Common Parking Area, No Garage, Off-Street Parking

Utilities Available Individual Electric Meters

View None

Roof Type Composition,Shingle

Building

Lot Description Grade - Mostly Level, Regular

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Tax ID 161-40-036

Miscellaneous Other

Security Features None

Special Listing Condition Not Applicable

Virtual Tour https://youtu.be/RXgAzVsZszM

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agent
John Faylor

Realtor | Lic# 1065896

+1(408) 605-8133

285 Bel Ayre Drive, Clara, CA, 95050

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1002 W Iowa AVE