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