52
See all 52 photos
$7,500,000
Est. payment /mo
0.55 Acres Lot
Open Thu 9AM-10:30AM
925 Pomeroy AVE Santa Clara, CA 95051
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Open House
Thu May 07, 9:00am - 10:30am
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
Listed by Ismael Benhamida Compass #01722847
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION