Santa Clara, CA 95051,1577 Pomeroy Avenue
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Santa Clara, CA 95051,1577 Pomeroy Avenue
Santa Clara, CA 95051,1577 Pomeroy Avenue
Santa Clara, CA 95051,1577 Pomeroy Avenue
Santa Clara, CA 95051,1577 Pomeroy Avenue
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Listed by Don Sung • Colliers Parrish International
$ 7,500,000
Est. payment /mo
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1577 Pomeroy Avenue Santa Clara, CA 95051

16,960 SqFt


UPDATED:

09/13/2024 05:13 PM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 16,960 sqft

Price per Sqft $442

MLS Listing ID ML81978212

HOA Y/N No

Originating Board Datashare MLSListings

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

Interior

Heating Electric

Fireplace No

Appliance Dishwasher, Refrigerator

Laundry Coin Operated

Exterior

Parking Type Assigned

Building

Water Public


Bay East AOR and Contra Costa AOR

Gregory Jackson

Broker Associate | License ID: 01111634

+1(925) 786-8504

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1577 Pomeroy Avenue