For Sale
$2,450,000

1595 Pomona AveSan Jose, CA 95110

Mixed-use investment, high NOI, seller financing possible.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional San Jose property offers a unique blend of commercial and residential income streams. The 3,350 square foot warehouse, built in 2023, sits on a 16,000 square foot lot and boasts a current NOI of $99,000, with a pro-forma NOI of $138,029. The property includes two separate buildings, each single-story, and features two residential rental units: a 3-bedroom, 1-bathroom unit and a 2-bedroom, 1-bathroom unit, ensuring 100% occupancy. The property is zoned for light industrial and residential use, providing flexibility for future expansion or adaptation. Located in San Jose, CA (zip code 95110), this Class C property benefits from its proximity to major employment centers like Facebook, Amazon, and Google, as well as convenient access to Highway 101 and public transportation. The asking price is $2,450,000, representing a 4.04% cap rate and a pro-forma cap rate of 5.63%. Seller financing may be available. This owner-user opportunity presents a compelling investment with significant upside potential. The property consists of two parcels (APN 424-22-087 and 424-22-088) and offers an additional 3,000 square feet of potential warehouse space. The property is currently leased under a modified lease agreement with multiple tenants, but no credit rating is available.

Highlights

  • 3,350 SF Warehouse Space
  • 3,000 SF of potential additional warehouse space
  • Two (2) residential rental units: one 3 bed/1 bath, one 2 bed/1 bath

Property Details for 1595 Pomona Ave

Property type
Warehouses, Mixed-use properties
Square Feet
3,350 SF
Class
C
Year Built
2023
Buildings
2
Stories
1

Location Insight

City
San Jose
County
Santa Clara
State
California
Latitude
37.311324659087
Longitude
-121.8740067623
1595 Pomona Ave, San Jose, California

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1595 Pomona Ave
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