Santa Clara, CA 95051,1577 Pomeroy AVE
Santa Clara, CA 95051,1577 Pomeroy AVE
Santa Clara, CA 95051,1577 Pomeroy AVE
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$7,500,000
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0.78 Acres Lot
Pending

1577 Pomeroy AVE Santa Clara, CA 95051

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Cherie Young

Cherie Young

Cherie Young

+1(760) 230-0927

UPDATED:

12/19/2024 06:17 PM

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID ML81978212

HOA Y/N No

Year Built 1976

Annual Tax Amount $88,216

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 699 - Not Defined

Zoning R325D

Interior

Heating Electric

Cooling Central Air, Wall/Window Unit(s)

Fireplace No

Exterior

Carport Spaces 20

Utilities Available Natural Gas Available

Roof Type Other

Total Parking Spaces 16

Building

Water Public

Schools

School District Other

Others

Tax ID 29003090

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Don Sung • Colliers Parrish International

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Cherie Young

Agent | testDRE 01833446

+1(760) 230-0927

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1577 Pomeroy AVE