Homes for sale - 1370 Calabazas BLVD, Santa Clara, CA 95051

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Alan Canas

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

$ 5,100,000

Est. payment -/mo

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Pending

1370 Calabazas BLVD Santa Clara, CA 95051

4 Beds

2.5 Baths

11,322 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 11,322 sqft

Price per Sqft $450

MLS Listing ID ML81978213

Bedrooms 4

Full Baths 2

Half Baths 1

Year Built 1975

Lot Size 0.500 Acres

Property Description

FIRST-TIME ON MARKET EVER! Once in a Lifetime Oppty to Acquire 1370 Calabazas (12 Oversized 2 Bedroom Units). All Spacious 2 BR's: (9) x 2 BR/1.5 BA Townhouse Units on 2-Levels: (946 SF) - Remodeled + (3) x 2 BR/1 BA: (790 SF) - Newly Rebuilt. All Units Offer Desirable Floorplans, Dishwashers, etc. Townhouse Units Offer Private Patio/Yards. Due to Fire in 2022, (3) 2 BR/1 BA Units Were Completely Rebuilt (New), and (9) 2 BR/1.5 BA Units Were Fully Renovated Due to Building Closure. All Units Leased Within Last 6-Months. 1577 Pomeroy (20 Spacious Units), and 1575 Pomeroy (Build 3 Homes on 9,000 SF Parcel) Can Be Purchased TOGETHER OR SEPARATELY. Oversized 2 BR Floorplans Offer Potential 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 High-End Upgrades to Achieve Even Higher NOI/CAP. Walkscore: 93. Walkable to Most Amenities. Easy Access to El Camino Real, Lawrence Expwy, HWY 101, 280. Attractive Cost/SF: $451/SF. Lot Size: 21,830 SF (0.5 Acres). Current CAP Rate: 4.69% / Current GRM: 12.7. Pro-Forma CAP Rate: 5.04% / Pro-Forma GRM: 12.1. Co-Listed w/ John Kovaleski.

Location

State CA

County Santa Clara

Area Santa Clara

Zoning R325D

Rooms

Kitchen Countertop - Tile, Dishwasher, Oven Range - Electric, Refrigerator

Interior

Heating Central Forced Air - Gas

Cooling None

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Carport , Uncovered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 290-03-074

Security Features Other

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

1370 Calabazas BLVD Santa Clara, CA 95051

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1370 Calabazas BLVD