925 Pomeroy Ave 20 Unit Apartment Building $7,500,000 ($375,000/Unit) Santa Clara, CA 95051

925 Pomeroy Avenue presents the opportunity to acquire a 20-unit multifamily asset in the heart of Santa Clara, one of Silicon Valley’s most established residential and employment markets. The property consists of a diverse unit mix including two-bedroom, one-bedroom, and studio apartments, supported by tenant amenities such as a swimming pool, carport parking, a private garage, mature landscaping, and a community laundry facility.
Over more than nine years of ownership, the property has benefited from significant capital investment and infrastructure improvements. Recent upgrades include substantial roof work, replacement of the underground fresh water line with copper, a 600-amp electrical service upgrade, replacement of exterior and electrical panels, and extensive repairs to gutters, fascia, stucco, staircases, railings, and dry rot. Additional improvements include exterior painting, waterproofing of catwalks, water heater replacements, unit renovations, and Exterior Elements SB-721 clearance.
The asset offers a compelling value-add opportunity through continued interior renovations and modernization initiatives designed to meet demand from Silicon Valley’s highly compensated workforce. Additional upside may exist through future amenity enhancements and potential accessory dwelling unit (ADU) development opportunities, subject to buyer verification and municipal approvals.
The property benefits from convenient access to Interstate 280, Interstate 880, Highway 101, State Route 82, Lawrence Expressway, and San Tomas Expressway. Major regional employers and demand drivers including Apple Park, NVIDIA, Santa Clara University, Santana Row, and PayPal Park are located within a short distance, supporting long-term housing demand and investor appeal in one of the nation's most recognized technology corridors.