Property Details
About this Property
FIRST-TIME ON MARKET EVER! Once in a Lifetime Oppty to Acquire 1370 Calabazas (12 Oversized 2 Bedroom Units). All Spacious 2 BR's: (9) x 2 BR/1.5 BA Townhouse Units on 2-Levels: (946 SF) - Remodeled + (3) x 2 BR/1 BA: (790 SF) - Newly Rebuilt. All Units Offer Desirable Floorplans, Dishwashers, etc. Townhouse Units Offer Private Patio/Yards. Due to Fire in 2022, (3) 2 BR/1 BA Units Were Completely Rebuilt (New), and (9) 2 BR/1.5 BA Units Were Fully Renovated Due to Building Closure. All Units Leased Within Last 6-Months. 1577 Pomeroy (20 Spacious Units), and 1575 Pomeroy (Build 3 Homes on 9,000 SF Parcel) Can Be Purchased TOGETHER OR SEPARATELY. Oversized 2 BR Floorplans Offer Potential to Reposition Asset into High-End Apartment Homes w/ Outdoor Living/Private Patios. Opportunity to Move Tenants Between Buildings to Free Up/Renovate Units. Potential to Install In-Unit Washer/Dryers and High-End Upgrades to Achieve Even Higher NOI/CAP. Walkscore: 93. Walkable to Most Amenities. Easy Access to El Camino Real, Lawrence Expwy, HWY 101, 280. Attractive Cost/SF: $451/SF. Lot Size: 21,830 SF (0.5 Acres). Current CAP Rate: 4.69% / Current GRM: 12.7. Pro-Forma CAP Rate: 5.04% / Pro-Forma GRM: 12.1. Co-Listed w/ John Kovaleski.
MLS Listing Information
MLS #
ML81978213
MLS Source
MLSListings, Inc.
Interior Features
Kitchen
Countertop - Tile
Appliances
Dishwasher, Oven Range - Electric
Laundry
Coin Operated
Cooling
None
Heating
Central Forced Air - Gas
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Carport, Garage: 0 Car(s)
Elementary District
Santa Clara Unified
High School District
Santa Clara Unified
Sewer
Public Sewer
Water
Public
Zoning
R325D
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 11 | 12 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 946 | 2 | 1/1 | $2,850 | $2,850 | 9 |
| 2 | 790 | 2 | 1/0 | – | – | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1370 Calabazas Blvd is a Residential Income in Santa Clara, CA 95051. This 11,322 square foot property sits on a 0.5 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,100,000 and was built in 1975. This address can also be written as 1370 Calabazas Blvd, Santa Clara, CA 95051.
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This listing information is up-to-date as of November 02, 2024. For the most current information, please contact Don Sung, (650) 380-5188
