Homes for sale - 1577 Pomeroy AVE, Santa Clara, CA 95051

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Alan Canas

alan.canas@engelvoelkers.com +1(415) 298-8940

$ 7,500,000

Est. payment -/mo

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Pending

1577 Pomeroy AVE Santa Clara, CA 95051

4 Beds

2 Baths

16,960 SqFt

UPDATED:

12/19/2024 04:51 PM

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 16,960 sqft

Price per Sqft $442

MLS Listing ID ML81978212

Bedrooms 4

Full Baths 2

Year Built 1976

Lot Size 0.780 Acres

Property Description

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

Location

State CA

County Santa Clara

Area Santa Clara

Zoning R325D

Rooms

Kitchen Dishwasher, Oven Range - Electric, Refrigerator

Interior

Heating Electric

Cooling Central AC, Window / Wall Unit

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Carport , Uncovered Parking

Pool Pool - Fenced

Community Features Community Pool

Utilities Available Individual Electric Meters, Natural Gas, Public Utilities

Roof Type Other

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 290-03-090

Security Features Fire Alarm

Special Listing Condition Not Applicable

Listed by Don Sung • Colliers Parrish International

Alan Canas

Global Real Estate Advisor | License ID: 01793936

+1(415) 298-8940

Alan Canas

1577 Pomeroy AVE Santa Clara, CA 95051

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1577 Pomeroy AVE