Pending

Pending (Do Not Show)

1577 Pomeroy AVE

SANTA CLARA CA, 95051

$7,500,000


$442.22 per sqft

Pending

Pending (Do Not Show)

16,960 sqft

Multi-family

Built in 1976

Listed by Colliers Parrish International, Don Sung, Listing Contact: 6503805188

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

ML81978212

MLS ID

August 28, 2024

Listed

December 19, 2024

Updated

Map

1577 Pomeroy AVE
SANTA CLARA CA, 95051

Interior Features

Appliances

Dishwasher, Refrigerator, Oven, Range


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Wall/Window Unit(s)


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.78 Acres


Sewer

Public Sewer

School Information

School District

Santa Clara Unified

Other Property Details

Area Name

Santa Clara


Association Amenities

Pool


Garage

No


Parking Total

16


View

No


County

Santa Clara


Water Source

Public


Pool

Yes


Zoning

R325D

Listing History

Date

Event

Price

11/2/2024

Pending

Listed by Colliers Parrish International, Don Sung,
Listing Contact: 6503805188 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Noopur Gupta | CA DRE# 02199446 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Noopur Gupta | CA DRE# 02199446 are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 6:18 PM UTC, 12/19/2024

 

 

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