$ 7,500,000
1577 Pomeroy AVE Santa Clara, CA 95051
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$ 7,500,000
Est. payment | /mo
0.78 Acres Lot
$ 7,500,000
Est. payment | /mo
0.78 Acres Lot
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID ML81978212
HOA Y/N No
Year Built 1976
Annual Tax Amount $88,216
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 699 - Not Defined
Zoning R325D
Interior
Heating Electric
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 20
Utilities Available Natural Gas Available
Roof Type Other
Total Parking Spaces 16
Building
Water Public
Schools
School District Other
Others
Tax ID 29003090
Special Listing Condition Standard
Listed by Don Sung • Colliers Parrish International
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Kelly McLaughlin
REALTOR® | Lic# 01475708