1577 Pomeroy AVE Active Save Request In-Person Tour Request Virtual Tour
Santa Clara,CA 95051
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
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