Property Details
About this Property
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
MLS Listing Information
MLS #
ML81978212
MLS Source
MLSListings, Inc.
Interior Features
Appliances
Dishwasher, Oven Range - Electric
Laundry
Coin Operated
Cooling
Central Forced Air, Window/Wall Unit
Heating
Electric
Exterior Features
Roof
Other
Foundation
Concrete Perimeter
Pool
Community Facility
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Carport, Garage: 0 Car(s)
Elementary District
Santa Clara Unified
High School District
Santa Clara Unified
Sewer
Public Sewer
Water
Public
Complex Amenities
Community Pool
Zoning
R325D
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 4 | 20 | 20 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 890 | 2 | 1/0 | $1,910 | $2,700 | 9 |
| 2 | 781 | 2 | 1/0 | $1,732 | $2,550 | 11 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1577 Pomeroy Ave is a Residential Income in Santa Clara, CA 95051. This 16,960 square foot property sits on a 0.78 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $7,500,000 and was built in 1976. This address can also be written as 1577 Pomeroy Ave, Santa Clara, CA 95051.
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This listing information is up-to-date as of November 02, 2024. For the most current information, please contact Don Sung, (650) 380-5188
