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.
©2024 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of December 20, 2024. For the most current information, please contact Don Sung, (650) 380-5188
