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Elite Real Estate Group
info@elitereg805.com$7,660,000
Est. payment /mo
0.55 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82009416
HOA Y/N No
Year Built 1961
Annual Tax Amount $84,000
Lot Size 0.551 Acres
Property Description
935 Pomeroy Ave (the Property) comprised of 20 market rate units in Santa Clara, California. The Property is located in the heart of Silicon Valley with convenient access to high-paying technology employers. Rents in Santa Clara are amongst the highest in the SF Bay Area and rose by 3.2% YoY as of Q1 2025. The Property offers an investor the rare opportunity to purchase investment real estate in a high barrier to entry market. The investment appeal of the Property is driven by the Propertys ground zero Silicon Valley location, strong employment fundamentals and the significant affordability gap between renting and owning. Situated near Interstate 280, Highway 101, Highway 237, Highway 85 and Highway 82, this asset is minutes away from high-paying tech employers like Google, Microsoft, Amazon, Meta, LinkedIn, Intuit, Synopsys, and more. In addition, the nearest Caltrain stop is 7-minute drive, offering residents convenient transportation options throughout Santa Clara, San Mateo, and San Francisco Counties.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Carport Spaces 20
Roof Type Flat
Total Parking Spaces 4
Schools
School District Other
Others
Tax ID 29041048
Special Listing Condition Standard
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Listed by Jefrey Henderson • Jefrey Henderson, Broker
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Elite Real Estate Group
Team