1002 W Iowa Avenue⋅Sunnyvale, CA

Pride of ownership 5-unit apartment complex nestled in a West Sunnyvale neighborhood of single family homes averaging $2.3M. Four 2-Bed/1-Bath units and one 1-Bed/1-Bath unit. The 3 upstairs units have adjacent 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 in the carport 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 sought-after amenities like air conditioners, electric car chargers, & in-unit laundry. A pre-feasibility study by an ADU consultancy indicates that up to X ADUs can be built pursuant to SB-1211 legislation (contact the City of Sunnyvale Planning Dept to confirm). 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 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.