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 3, 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
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Data last updated 12:11 AM UTC, 11/3/2024