925 Pomeroy AVE, Santa Clara, CA 95051
925 Pomeroy AVE, Santa Clara, CA 95051
925 Pomeroy AVE, Santa Clara, CA 95051
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$7,500,000
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0.55 Acres Lot
Active

925 Pomeroy AVE Santa Clara, CA 95051

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82045644

HOA Y/N No

Year Built 1961

Lot Size 0.555 Acres

Property Description

Offering memorandum available. Wonderful garden style 20-unit apartment community only 1.3 miles from Apple Park and 3 miles from Nvidia. (10) 2-Bed/1-Bath, (4) 1-Bed/1-Bath, (6) Studios. Building Size: 12,869 SqFt. Lot Size: 24,160 SqFt. Over $400,000 in recent CapEx: New Electrical Main & Interior Panels and 500A Service, New Roof with Transferable Warranty to Buyer, New Exterior Paint & Fascia, Copper Piping Replacements, Handrail Repairs & Catwalk Waterproofing & Dryrot Repairs Completed with full SB-721 Clearance, Water Heater, & Interior Renovations of Multiple Units. The property has wonderful garden style landscaping with a large courtyard & a swimming pool & lounge area. An ADU consultancy's report indicates there is the potential to add between 6 and 13 ADUs depending and # of parking spaces the buyer prefers (buyer to verify). Additional value add strategies include increasing rents & renovating units & adding dishwashers, installing in-unit laundry, & renovating with luxury finishes to need the demand of high income technology employees. The shortage of housing units, rent growth, & proximity to large Silicon Valley employers make 925 Pomeroy Ave a great opportunity for both the cash-flow and appreciation-minded investor.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning R3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Carport Spaces 19

Roof Type Flat

Building

Lot Description Level

Water Public

Schools

Elementary Schools Other

Middle Schools Juan Cabrillo

High Schools Santa Clara

School District Other

Others

Tax ID 29041047

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Ismael Benhamida Compass #01722847

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925 Pomeroy AVE

NEARBY SCHOOL & BUSINESS

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Herb Rim

Herb Rim

Realtor | License ID: 01870707

+1(818) 699-9179

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