Pending

Pending (Do Not Show)

1370 Calabazas BLVD

SANTA CLARA CA, 95051

$5,100,000


$450.45 per sqft

Pending

Pending (Do Not Show)

11,322 sqft

Multi-family

Built in 1975

Listed by Colliers Parrish International, Don Sung, Listing Contact: 6503805188

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.

ML81978213

MLS ID

August 28, 2024

Listed

November 22, 2024

Updated

Map

1370 Calabazas BLVD
SANTA CLARA CA, 95051

Interior Features

Appliances

Dishwasher, Refrigerator, Oven, Range


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Central, Forced Air

Exterior/Building Features

Lot Size

0.5 Acres


Roof

Composition


Sewer

Public Sewer

School Information

School District

Santa Clara Unified

Other Property Details

Area Name

Santa Clara


Garage

No


Parking Total

6


View

No


County

Santa Clara


Water Source

Public


Pool

No


Zoning

R325D

Listing History

Date

Event

Price

11/2/2024

Pending

Listed by Colliers Parrish International, Don Sung,
Listing Contact: 6503805188 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Douglas Marshall | CA DRE# 01310612 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 4:48 AM UTC, 11/22/2024

 

 

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