CA > Santa Clara
Santa Clara, CA 95051,1370 Calabazas BLVD
Santa Clara, CA 95051,1370 Calabazas BLVD
Santa Clara, CA 95051,1370 Calabazas BLVD
Santa Clara, CA 95051,1370 Calabazas BLVD
Santa Clara, CA 95051,1370 Calabazas BLVD
Santa Clara, CA 95051,1370 Calabazas BLVD
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Kalani Stone

Kalani Stone

+1(831) 252-2270
$ 5,100,000
Est. payment | /mo

4 Beds

2.5 Baths

11,322 SqFt

Save
$ 5,100,000
Est. payment | /mo
Save

4 Beds

2.5 Baths

11,322 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 11,322 sqft

Price per Sqft $450

MLS Listing ID ML81978213

Bedrooms 4

Full Baths 2

Half Baths 1

Year Built 1975

Lot Size 0.500 Acres

Property Description

FIRST-TIME ON MARKET EVER! Once in a Lifetime Oppty to Acquire 1370 Calabazas (12 Oversized 2 Bedroom Units). All Spacious 2 BR's: (9) x 2 BR/1.5 BA Townhouse Units on 2-Levels: (946 SF) - Remodeled + (3) x 2 BR/1 BA: (790 SF) - Newly Rebuilt. All Units Offer Desirable Floorplans, Dishwashers, etc. Townhouse Units Offer Private Patio/Yards. Due to Fire in 2022, (3) 2 BR/1 BA Units Were Completely Rebuilt (New), and (9) 2 BR/1.5 BA Units Were Fully Renovated Due to Building Closure. All Units Leased Within Last 6-Months. 1577 Pomeroy (20 Spacious Units), and 1575 Pomeroy (Build 3 Homes on 9,000 SF Parcel) Can Be Purchased TOGETHER OR SEPARATELY. Oversized 2 BR Floorplans Offer Potential 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 High-End Upgrades to Achieve Even Higher NOI/CAP. Walkscore: 93. Walkable to Most Amenities. Easy Access to El Camino Real, Lawrence Expwy, HWY 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. Co-Listed w/ John Kovaleski.

Location

State CA

County Santa Clara

Area Santa Clara

Zoning R325D

Rooms

Kitchen Countertop - Tile, Dishwasher, Oven Range - Electric, Refrigerator

Interior

Heating Central Forced Air - Gas

Cooling None

Laundry Coin Operated

Exterior

Garage Assigned Spaces, Carport , Uncovered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 290-03-074

Security Features Other

Special Listing Condition Not Applicable

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

GET MORE INFORMATION

Kalani Stone

Agent | Lic# CalBRE: 01336392

+1(831) 252-2270

216 Mt Hermon Rd 105, Scotts Valley, CA, 95066

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1370 Calabazas BLVD