Home | Santa Clara County | Sunnyvale | 94086 | 1002 W Iowa Ave
MLS: ML82015703 | Status: | Price: $2,150,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 4,336 | 7,500 | 1958 |
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.
| Field | Value |
|---|---|
| MLS # | ML82015703 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| 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 |
| Feature | Details |
|---|---|
| Roof | Composition, Shingle |
| Foundation | Concrete Perimeter |
| Feature | Details |
|---|---|
| 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 |
Ismael Benhamida
Compass
License #: 01722847
Phone: (408) 373-6195
| # 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 |
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This listing information is up-to-date as of January 30, 2026. For the most current information, please contact Ismael Benhamida, (408) 373-6195.