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Listed by Ismael Benhamida • Compass
$ 7,500,000
Est. payment | /mo
12,869 SqFt
$ 7,500,000
Est. payment | /mo
12,869 SqFt
Open House
Thu May 07, 9:00am - 10:30am
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 12,869 sqft
Price per Sqft $582
MLS Listing ID ML82045644
HOA Y/N No
Year Built 1961
Lot Size 0.555 Acres
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Forced Air, Natural Gas, Wall Furnace
Flooring Hardwood, Stone
Fireplace No
Appliance Refrigerator
Laundry Coin Operated
Building
Lot Description Level, Rectangular Lot
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Paul LeJoy
Broker-Owner | Lic# 01467744