Pending

1577 Pomeroy Avenue

Santa Clara CA, 95051

$7,500,000


$442.22 per sqft

Pending

16,960 sqft

Commercial

Built in 1976

Listed by Don Sung with Colliers Parrish International 650-380-5188

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

December 19, 2024

Updated

Map

1577 Pomeroy Avenue
Santa Clara CA, 95051

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Wall/Window Unit(s)


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.78 Acres


Roof

Other

School Information

School District

Other

Other Property Details

Area Name

699 - Not Defined


Taxes

$88,216


Tax Frequency

Annually


Days on Market

65


Garage

No


Parking Total

16


View

No


County

Santa Clara


Water Source

Public


Pool

No


Zoning

R325D

Listing History

Date

Event

Price

11/3/2024

Pending

Listing Contact: (408) 282-3800 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/19/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/19/2024 at 6:58 PM UTC

 

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