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In-PersonVirtual Tour
$ 2,650,000
Est. payment | /mo
0.3 Acres Lot
$ 2,650,000
Est. payment | /mo
0.3 Acres Lot
Open House
Sun Oct 11, 2:00pm - 4:00pm
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82063308
HOA Y/N No
Year Built 1957
Annual Tax Amount $31,618
Lot Size 0.305 Acres
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.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning MUCC
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 8
Roof Type Composition,Fiberglass
Total Parking Spaces 2
Building
Water Public
Schools
School District Other
Others
Tax ID 22001016
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=XSXiB57HVci
Listed by David Katz Magnify Real Estate #01971921
Nearby Locations
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