8-Unit Apartment
New
For Sale
$2,650,000
1622 Pomeroy Ave, Santa Clara, CA 95051
MUCC zoning and stated potential for ADU construction add a development consideration to the existing residential layout.
Property Size4,760 SF
Lot Size0.30 Acres
Price / SF$556.72
Days on Market7
Property Features for 1622 Pomeroy Ave
General Information
Standard status
Active
Size
4,760 SF
Lot size
0.30 Acres
Property subtype
FiveOrMoreUnits
Zoning
MUCC
Units
Unit Mix
8 x 1BD/1BA
Multifamily Units
8
Building Details
Building Size
4,760 SF
Year Built
1957
Listing Agency:
Magnify Real Estate
Listed By:
David Katz · License #01971921
(408) 438-0585
Source:
Lynnnorth
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 5 at 10:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Magnify Real Estate
Investment Insights
Based on property information with market context.
Built in 1957, this Santa Clara apartment property contains eight 1BD/1BA units in approximately 4,760 square feet. The building occupies a 13,277-square-foot lot, equivalent to 0.30 acres, and carries MUCC zoning. Potential for ADU construction is also noted.
NVIDIA Headquarters, Apple Park, and Kaiser Permanente Santa Clara are each approximately 2.5 miles away. Santa Clara University, Intel, and Applied Materials are also identified as nearby destinations.
NVIDIA Headquarters, Apple Park, and Kaiser Permanente Santa Clara are each approximately 2.5 miles away. Santa Clara University, Intel, and Applied Materials are also identified as nearby destinations.
Key Highlights
- Eight 1BD/1BA apartments
- Approximately 4,760 square feet of building area
- 13,277‑square‑foot lot (0.30 acres)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,023
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,800,460
$1.8M
Cap Rate 7%
$1,286,043
$1.3M
Cap Rate 9%
$1,000,256
$1.0M
Market Conditions
NOI Build-Up for 4,760 SF
Gross rent
$171.9K $36.12/SF
− Vacancy
−$8.3K −$1.73/SF
EGI
$163.7K $34.39/SF
− OpEx
−$73.7K −$15.47/SF
NOI
$90.0K $18.91/SF
Area
Santa Clara, CA
Vacancy
4.80%
Lease Rate
$36.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,800,460
Cap Rate 7%
$1,286,043
Cap Rate 9%
$1,000,256
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.50M
NOI $90,023 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $201,158 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,226
Businesses Nearby
Explore this area
Business Placement
Demographics for 95051, CA
61,466
Population
25,152
Households
2.4
Avg Household Size
36
Median Age
71%
College-Educated
95%
High-School Grad
6.6 sq mi
ZIP Area
9,313
Density / Sq Mi
$185,632
Median Household Income
$107,905
Median Earnings
$3,054
Median Rent
$1,623,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - MUCC zoning and stated potential for ADU construction add a development consideration to the existing residential layout.
Where is this apartment building located?
The property is located at 1622 Pomeroy Ave Santa Clara, CA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Eight 1BD/1BA apartments; Approximately 4,760 square feet of building area; 13,277‑square‑foot lot (0.30 acres)
