Magnify is pleased to present the opportunity to acquire 1622 Pomeroy Avenue, an 8-unit multifamily asset in Santa Clara offering immediate and long-term upside. The property features eight 1BD/1BA units, approximately 4,760 square feet of building area, and a large 13,277-square-foot (0.30-acre) lot. Additional value can be created through unit renovations and repositioning below-market rents toward market levels. MUCC zoning and potential for ADU construction provide additional long-term development and value-add opportunities. The substantial lot size offers flexibility for future improvements while the existing 8-unit configuration provides a stable multifamily platform. The property is ideally located within approximately 2.5 miles of NVIDIA Headquarters, Apple Park, and Kaiser Permanente Santa Clara, with convenient access to Santa Clara University and major Silicon Valley employers including Intel and Applied Materials. Its central Santa Clara location provides residents with convenient access to employment, healthcare, education, retail, and major transportation corridors.
| MLS # | ML82063308 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 31 |
| Listing Provided By | Magnify Real Estate | David Katz |
| SQ Feet | 4,760 |
|---|---|
| Car Port | Yes |
| Building(s) | 1 |
| Zoning | MUCC |
| Acreage | 0.30 |
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Composition, Fiberglass |
|---|
| Property | 31618 |
|---|
| State | CA |
|---|---|
| County | Santa Clara |
| City | Santa Clara |
| Zip Code | 95051 |
| Area | 699 Not Defined |
| Listing VS Median (in 95051) | |
Price: $2,650,000 low | high Med: $1,675,000 sqft: 4,760 low | high Med: 1,998 $ / sqft: $557 low | high Med: $838 On site: 31 low | high Med: 76 | |
| State | CA |
|---|---|
| County | Santa Clara |
| City | Santa Clara |
| Zip Code | 95051 |
| Area | 699 Not Defined |
| Listing VS Median (in 95051) | |
Price: $2,650,000 low | high Med: $1,675,000 sqft: 4,760 low | high Med: 1,998 $ / sqft: $557 low | high Med: $838 On site: 31 low | high Med: 76 | |