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Beverly & Hector Team

team@bh-realtor.com +1(626) 922-9910

$1,398,000

Est. payment - /mo

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

HOA Y/N No

Year Built 1959

Annual Tax Amount $15,531

Lot Size 6,211 Sqft

Property Sub-Type Triplex

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

Area 699 - Not Defined

Zoning R3

Interior

Heating Electric, Wall Furnace

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator

Exterior

Parking Features Covered, Uncovered

Carport Spaces 3

View Y/N Yes

View None

Roof Type Composition,Shingle

Accessibility None

Total Parking Spaces 3

Building

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

Elementary Schools Other

Middle Schools Sunnyvale

High Schools Homestead

School District Other

Others

Tax ID 16140031

Acceptable Financing FHA, VA Loan

Listing Terms FHA, VA Loan

Special Listing Condition Standard

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Listed by Ismael Benhamida Compass #01722847

NEARBY SCHOOL & BUSINESS

+1(626) 922-9910

team@bh-realtor.com

1411 S Diamond Bar Blvd, Diamond Bar, CA 91765, USA

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1040 W Iowa AVE Sunnyvale, CA 94086