1577 Pomeroy AVE, Santa Clara, CA 95051
- $7,500,000
- 16,960
- SqFt
- List Price
- $7,500,000
- MLS#
- ML81978212
- Status
- ACTIVE
- Property Type
- com
- Sqft. of Residence
- 16,960
- Lot Size
- 33,977
- Listing Area
- Santa Clara
- Year Built
- 1976
Property Description
FIRST-TIME ON MARKET EVER! Once in a Lifetime Oppty to Acquire 1577 Pomeroy (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: 4.69% / Current GRM: 12.7. Pro-Forma Cap Rate: 5.04% / Pro-Forma GRM: 12.1. Buyer/Seller Agree to Cooperate Towards Completion of One Another's 1031 Exchange without Additional Cost to Either Party. Co-Listed w/ John Kovaleski
Additional Information
- Acres
- 0.78
- Age
- 48
- Cooling System
- Central AC, Window / Wall Unit
- Foundation
- Concrete Perimeter
- Garage Parking
- Assigned Spaces, Carport, Uncovered Parking
- Heating System
- Electric
- Laundry Facilities
- Coin Operated
- Living Area
- 16,960
- Lot Size
- 33,977
- Neighborhood
- Santa Clara
- Other Utilities
- Individual Electric Meters, Natural Gas, Public Utilities
- Pool Description
- Pool - Fenced
- Roof
- Other
- Sewer
- Sewer - Public
- Special Features
- Parking
- Unincorporated Yn
- Yes
- Zoning
- R325D
Mortgage Calculator
Listing courtesy of Don Sung from Colliers Parrish International. 650-380-5188
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