Property Details
About this Property
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.
MLS Listing Information
MLS #
ML82015703
MLS Source
MLSListings, Inc.
Interior Features
Kitchen
Countertop - Granite, Countertop - Stone
Appliances
Cooktop - Gas, Dishwasher, Microwave, Oven Range, Washer/Dryer, Appliances - Vary by Unit
Laundry
Coin Operated
Cooling
Ceiling Fan
Heating
Electric
Exterior Features
Roof
Composition, Shingle
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Carport, Common Parking Area, No Garage, Off-Street Parking, Garage: 0 Car(s)
Elementary District
Sunnyvale
High School District
Fremont Union High
Sewer
Public Sewer
Water
Public
Zoning
R3
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 5 | 5 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 2 | 1/0 | $2,364 | $2,595 | 4 |
| 2 | – | 1 | 1/0 | $1,995 | $1,995 | 1 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1002 W Iowa Ave is a Residential Income in Sunnyvale, CA 94086. This 4,336 square foot property sits on a 7,500 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,200,000 and was built in 1958. This address can also be written as 1002 W Iowa Ave, Sunnyvale, CA 94086.
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This listing information is up-to-date as of August 05, 2025. For the most current information, please contact Ismael Benhamida, (408) 373-6195
