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$ 7,500,000

Est. payment | -/mo

3 Beds

3 Baths

12,869 SqFt

Save

$ 7,500,000

Est. payment | -/mo

Save

3 Beds

3 Baths

12,869 SqFt

Open House

Thu May 14, 1:00pm - 2:30pm

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 12,869 sqft

Price per Sqft $582

Lot Size 0.555 Acres

MLS Listing ID ML82045644

Bedrooms 3

Full Baths 3

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 Santa Clara

Zoning R3

Rooms

Other Rooms Laundry Room

Kitchen Cooktop - Electric, Countertop - Stone, Garbage Disposal, Oven - Electric, Refrigerator

Interior

Heating Central Forced Air - Gas, Gas, Wall Furnace

Cooling Window / Wall Unit

Flooring Hardwood, Stone, Vinyl / Linoleum

1-purchase type For Sale

Exterior

Garage Assigned Spaces, Attached Garage, Carport , Off-Street Parking

Garage Spaces 1

Pool Pool - Fiberglass

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

View None

Roof Type Flat / Low Pitch

Building

Lot Description Grade - Level, Regular

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 290-41-047

Security Features None

Special Sale Not Applicable

Listed by Ismael Benhamida of Compass
Bought with Ismael Benhamida of Compass

925 Pomeroy AVE Santa Clara, CA 95051