1370 Calabazas BLVD, Santa Clara, CA 95051
- $5,040,000
- 11,322
- SqFt
Listed by Don Sung, 650-380-5188 from Colliers Parrish International
(If provided) CoList: from
Sold listing courtesy of RECIP from RCIP
- Sold Price
- $5,040,000
- List Price
- $5,100,000
- Closing Date
- Dec 20, 2024
- MLS#
- ML81978213
- Status
- SOLD
- Sqft. of Residence
- 11,322
- Lot Size
- 21,780
- Listing Area
- Santa Clara
- Year Built
- 1975
Property Description
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.
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Additional Information
- Acres
- 0.50
- Age
- 49
- Cooling System
- None
- Days On Market
- Unknown
- Foundation
- Concrete Perimeter
- Garage Parking
- Assigned Spaces, Carport, Uncovered Parking
- Heating System
- Central Forced Air - Gas
- Laundry Facilities
- Coin Operated
- Living Area
- 11,322
- Lot Size
- 21,780
- Neighborhood
- Santa Clara
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Composition
- Sewer
- Sewer - Public
- Zoning
- R325D
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