925 Pomeroy Ave - Apartments FOR SALE


Santa Clara, CA 95051- Outer Santa Clara
$7,500,000 USD
408-373-6195
925 Pomeroy Ave, Santa Clara, CA for Sale
$7,500,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

925 Pomeroy Ave
Santa Clara, CA 95051
Outer Santa Clara


HIGHLIGHTS

  • Significant capital improvements completed during long-term ownership.
  • Diverse unit mix serving a broad tenant base.
  • Convenient access to major Silicon Valley transportation corridors.
  • Large Courtyard with Swimming Pool and Lounge Area
  • Potential future ADU development (13 units) opportunity subject to verification.
  • Significant Income Upside

OVERVIEW

925 Pomeroy Avenue presents the opportunity to acquire a 20-unit multifamily asset in the heart of Santa Clara, one of Silicon Valley’s most established residential and employment markets. The property consists of a diverse unit mix including two-bedroom, one-bedroom, and studio apartments, supported by tenant amenities such as a swimming pool, carport parking, a private garage, mature landscaping, and a community laundry facility. Over more than nine years of ownership, the property has benefited from significant capital investment and infrastructure improvements. Recent upgrades include substantial roof work, replacement of the underground fresh water line with copper, a 600-amp electrical service upgrade, replacement of exterior and electrical panels, and extensive repairs to gutters, fascia, stucco, staircases, railings, and dry rot. Additional improvements include exterior painting, waterproofing of catwalks, water heater replacements, unit renovations, and Exterior Elements SB-721 clearance. The asset offers a compelling value-add opportunity through continued interior renovations and modernization initiatives designed to meet demand from Silicon Valley’s highly compensated workforce. Additional upside may exist through future amenity enhancements and potential accessory dwelling unit (ADU) development opportunities, subject to buyer verification and municipal approvals. The property benefits from convenient access to Interstate 280, Interstate 880, Highway 101, State Route 82, Lawrence Expressway, and San Tomas Expressway. Major regional employers and demand drivers including Apple Park, NVIDIA, Santa Clara University, Santana Row, and PayPal Park are located within a short distance, supporting long-term housing demand and investor appeal in one of the nation's most recognized technology corridors.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$583 USD /SF

# OF UNITS

20

PRICE/UNIT

$375,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

24,160 SF

ZONING

R-3, Santa Clara

APN/PARCEL ID

290-41-047

ASK ABOUT THIS PROPERTY

Ismael BenhamidaCompass CommercialMore Info
408-373-6195

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Ismael BenhamidaCompass CommercialMore Info
408-373-6195

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.