365 E Iowa Avenue, Sunnyvale, California 94086, Sunnyvale, 94086 - 0 bed, 0 bath
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Sunnyvale, California 94086
This duplex presents a High-Potential Investment Opportunity with a List Price of $1,880,000—positioned above the $1,760,791 Fair Market Value. While the property requires capital improvements, the pending plans to reconfigure into 3-bedroom, 3-bathroom units offer significant upside. With a Condition Rating of 5, this asset is primed for a value-add strategy in a high-demand Silicon Valley rental market. The property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage the generous 7,584 sq. ft. lot for long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 365 E Iowa Avenue Subject | $1,880,000* List Price | 0 | 0 | 2,482 | $709 | - |
A 750 Calla Drive Active | $1,988,000 List Price | 0 | 0 | 3,328 | $597 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954, this property retains its original 70-year-old kitchen cabinetry and tile. While it has received a cosmetic 'refresh' with paint and flooring, the core systems like the vintage wall heaters are outdated, and the listing explicitly positions the property as a renovation or expansion project.
Ideally situated near Downtown Sunnyvale, Caltrain, and major tech hubs like Apple and Google, ensuring consistently high rental demand and strong long-term appreciation.
With pending plans to reconfigure existing 2-bedroom units into 3-bedroom, 3-bathroom layouts, investors have a turnkey opportunity to substantially increase the property's income-generating capacity.
The 7,584 sq. ft. lot provides ample space for the proposed expansions, while the attached one-car garages for each unit add a premium convenience rare in older multi-family builds.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2482, other record living area = 2274.
Built in 1954, the property likely requires significant capital improvements to major systems like plumbing and electrical to support the proposed high-density interior reconfigurations.
While the high school is well-rated, the proximity to lower-rated middle and elementary schools may limit the property's appeal to families, a key demographic for the proposed 3-bedroom units.
Rare duplex opportunity in the heart of Sunnyvale! Situated on an approximately 7,584 sq. ft. lot, this property features two spacious 2-bedroom, 1-bathroom units, each with its own attached one-car garage ideal for investors, owner-occupants, or those seeking rental income. Plans have been submitted to reconfigure each unit into a 3-bedroom, 3-bathroom layout and are currently pending final approval, offering significant potential. Built in 1954, the property has been lightly refreshed with newly painted interiors, providing a clean starting point for future improvements. Ideally located just minutes from Downtown Sunnyvale, Caltrain, shopping, dining, parks, and major commuter routes, with convenient access to Apple, Google, LinkedIn, NVIDIA, Microsoft, and many other Silicon Valley employers. A unique opportunity to renovate, expand, or hold as a long-term investment in one of Sunnyvales strongest rental markets.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.0 mi
Grades 6-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,482 | - |
| Lot Size | 7,584 | - |
| Price | $1.88M | $1.77M |
| Price per sq ft | $757 | $872 |
| Built year | 1954 | 0 |
| HOA | $0 | $0 |
| Days on market | 9 | 46 |
Jul 13, 2026
$1,880,000
Initial Listing
Dec 11, 2023
$1,700,000
Public Record