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Pending
1577 Pomeroy Avenue
Santa Clara CA, 95051
$7,500,000
$442.22 per sqft
Pending
16,960 sqft
Other
Built in 1976
GREAT FLOORPLANS! 100% ALL 2 BR's! Once in a Lifetime Oppty to Acquire 20 Oversized 2 Bedroom Units in Santa Clara Near Sunnyvale Border (Within 10-Min of NVIDIA HQ and Apple HQ). All Spacious 2 BR Units: (9) x 2 BR/2 BA w/ Master Bath: (890 SF) and (11) x 2 BR/1 BA: (781 SF). Excellent Floorplans. In-Wall AC Units, Dishwashers in Every Unit. All Units Offer Outdoor Living (w/ Private Patio/Yards or Balcony). 1370 Calabazas (12-Units), and 1575 Pomeroy (Single-Family Home Development on 9,000 SF Parcel) Can Be Purchased TOGETHER OR SEPARATELY. Spacious, 2 BR Floorplans Offer Potential for Investor to Reposition Asset into High-End Apartment Homes w/ Outdoor Living/Private Patios. Opportunity to Move Tenants Between Buildings to Free Up/Renovate Units. Potential to Install In-Unit Washer/Dryers and Other High-End Upgrades to Achieve Even Higher Rents. Walkscore: 93. Highly Walkable to Most Amenities. Easy Access to El Camino Real, Lawrence Expwy, Highway 101, 280. Attractive Cost/SF: $451/SF. Lot Size: 21,830 SF (0.5 Acres). Current Cap Rate: 3.34% / Current GRM: 14.5. Pro-Forma Cap Rate: 5.01% / Pro-Forma GRM: 11.6. Buyer/Seller Agree to Cooperate Towards Completion of One Another's 1031 Exchange without Additional Cost to Either Party. Co-Listed w/ John Kovaleski
ML81978212
MLSⓇ ID
August 28, 2024
Listed
November 3, 2024
Updated
Map
1577 Pomeroy Avenue
Santa Clara CA, 95051
Interior Features
Appliances
Dishwasher, Refrigerator
Laundry Description
Coin Operated
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
0.78 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Santa Clara
Garage
No
Parking
Assigned
View
No
County
Santa Clara
Water Source
Public
Pool
No
Zoning
R325
Listing History
Date | Event | Price |
---|---|---|
11/3/2024 | Pending | — |
Listed by Don Sung with Colliers Parrish International
Listing Contact: 650-380-5188
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