935 Pomeroy Ave - Apartments FOR SALE


Santa Clara, CA 95051- Outer Santa Clara
$7,660,000 USD
925-330-3642
935 Pomeroy Ave, Santa Clara, CA for Sale
$7,660,000 USD
Apartments - FOR SALE
1/30
null | 4.79% Cap Rate

935 Pomeroy Ave
Santa Clara, CA 95051
Outer Santa Clara


HIGHLIGHTS

  • VALUE-ADD UPSIDE WITH LARGE UNIT SIZES
  • PROXIMITY TO SILICON VALLEY TECH COMPANIES

OVERVIEW

CBRE, as the exclusive listing agent, is pleased to offer for sale 935 Pomeroy Ave (the “Property”) comprised of 20 market rate units in Santa Clara, California (10 2bd, 4 1bd, 6 studios). The Property is located in the heart of Silicon Valley with convenient access to high-paying technology employers. Rents in Santa Clara are amongst the highest in the SF Bay Area and rose by 3.2% YoY as of Q1 2025. The Property offers an investor the rare opportunity to purchase investment real estate in a high barrier to entry market. The investment appeal of the Property is driven by the Property’s ground zero Silicon Valley location, strong employment fundamentals and the significant affordability gap between renting and owning. Situated near Interstate 280, Highway 101, Highway 237, Highway 85 and Highway 82, this asset is minutes away from high-paying tech employers like Google, Microsoft, Amazon, Meta, LinkedIn, Intuit, Synopsys, and more. In addition, the nearest Caltrain stop is 7-minute drive, offering residents convenient transportation options throughout Santa Clara, San Mateo, and San Francisco Counties.

FOR SALE DETAILS

PRICE

$7,660,000 USD

PRICE/SF

$595 USD /SF

# OF UNITS

20

PRICE/UNIT

$383,000

CAP RATE

4.79%

% LEASED

95%

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

0.52 AC

LAND SF

22,499 SF

ZONING

R3, Santa Clara

APN/PARCEL ID

290-41-048

ASK ABOUT THIS PROPERTY

Ben MollahanCBREMore Info
925-330-3642

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Ben MollahanCBREMore Info
925-330-3642

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