CA > Santa Clara
Santa Clara, CA 95051,1577 Pomeroy AVE
Santa Clara, CA 95051,1577 Pomeroy AVE
Santa Clara, CA 95051,1577 Pomeroy AVE
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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John Faylor

John Faylor

+1(408) 605-8133
$ 7,500,000
Est. payment | /mo

4 Beds

2 Baths

16,960 SqFt

Save
$ 7,500,000
Est. payment | /mo
Save

4 Beds

2 Baths

16,960 SqFt

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

Garage 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

MLSListings Inc. (MLSListings)
© 2024 MLSListings Inc. All rights reserved.
Listed by Don Sung • Colliers Parrish International

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John Faylor

Realtor | Lic# 1065896

+1(408) 605-8133

285 Bel Ayre Drive, Clara, CA, 95050

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1577 Pomeroy AVE