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7/08/25
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A portfolio of three contiguous garden-style multifamily buildings totaling 59 units on Bellomy Street in Santa Clara has traded for $18 mil, or $305k/unit. The Bellomy Street Portfolio sits on 1.59 acres at 1962, 1972, and 1978 Bellomy St, east of San Tomas Expwy, and has a combined gross building area of 39.6k sf.
The portfolio offers a range of floor plans—studio, one-, two-, three- and four-bedroom units—across low-density, two-story constructions. Built in 1951, the buildings reflect classic mid-century California multifamily design with updated interiors and well-maintained exteriors, including shared landscaped areas, an outdoor pool, and surface parking.
The largest of the three buildings, 1962 Bellomy Street, comprises 37 units with a diverse mix including studios, one-bedroom, two-bedroom, and three-bedroom layouts. 1972 Bellomy Street features eight one-bedroom units and is the most compact of the group, offering a consistent and efficient residential profile. 1978 Bellomy Street contains 14 units and provides the broadest configuration, including one-bedroom, two-bedroom, and a spacious four-bedroom, 2.5-bathroom unit. Each property features practical tenant amenities such as on-site laundry facilities, surface parking, and private outdoor circulation spaces. The buildings are positioned to optimize natural light and airflow, creating a quiet, residential enclave in the heart of Santa Clara.
Located within Silicon Valley’s urban core, the portfolio offers tenants exceptional access to a broad range of local amenities. Santa Clara University is just over a mile away, and Santana Row’s shopping and dining corridor, PayPal Park, and Downtown San Jose are all within a four-mile radius. Residents benefit from proximity to major tech employers and seamless connectivity via U.S. Route 101, State Route 82, Interstates 880 and 280, and the nearby Lawrence Caltrain Station. The surrounding neighborhood is walkable and transit-friendly, with access to parks, schools, and retail hubs, making the location highly desirable for a broad tenant demographic.
Adam Levin and Robert Johnston with Levin Johnston of Marcus & Millichap procured the buyer in the transaction.
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