1577 Pomeroy Avenue

Santa Clara, CA 95051

$7,500,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1976

calendar_month Built

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

Listing Information

List Price $7,500,000
Status Active
MLS ML81978212
HOA $0
Type Commercial
Year Built 1976
Lot Size 33,977
Structure Size N/A
DOM 16
Courtesy Of Colliers Parrish International
Listing Agent Don Sung DRE#01935797

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type Central Air, Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Don Sung, Colliers Parrish International . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 13th, 2024 at 12:43 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.