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(626) 893-2817
Gilbert Garcia
1622 Pomeroy Ave, Santa Clara, CA 95051
- $2,650,000
- List Price
- $2,650,000
- Status
- ACTIVE
- MLS#
- ML82063308
- Year Built
- 1957
- Lot Size
- 13,277
- Acres
- 0.30
- Days on Market
- 2
- Property Type
- Commercial
Property Description
Magnify is pleased to present the opportunity to acquire 1622 Pomeroy Avenue, an 8-unit multifamily asset in Santa Clara offering immediate and long-term upside. The property features eight 1BD/1BA units, approximately 4,760 square feet of building area, and a large 13,277-square-foot (0.30-acre) lot. Additional value can be created through unit renovations and repositioning below-market rents toward market levels. MUCC zoning and potential for ADU construction provide additional long-term development and value-add opportunities. The substantial lot size offers flexibility for future improvements while the existing 8-unit configuration provides a stable multifamily platform. The property is ideally located within approximately 2.5 miles of NVIDIA Headquarters, Apple Park, and Kaiser Permanente Santa Clara, with convenient access to Santa Clara University and major Silicon Valley employers including Intel and Applied Materials. Its central Santa Clara location provides residents with convenient access to employment, healthcare, education, retail, and major transportation corridors.
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Additional Information
- Taxes
- $31,618
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition, Fiberglass
- Water
- Public
- School District
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $195,240
Listing courtesy of Listing Agent: David Katz (david@magnifyequity.com) from Listing Office: Magnify Real Estate.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.