Address Not Disclosed

CAMPBELL, CA, 95008

$22,998,888

$22,998,888
Active
Active
 - For Sale
property_type
Land
This is an opportunity to buy the property and entitle it for Residential housing development. City of Campbell, located in Silicon Valley, California, needs thousands of multi-family housing per state and federal, RHNA requirements. With minimum density, about 21 units per Acre are allowed. Which means at a minimum 39 units will be allowed on 1.87 acres. For example, one of the products would be 39 three level townhouses on this property with: A. 11 units of 1,550 square feet B. 11 units of 1,775 square feet C. 11 units of 1,950 square feet Total 33 housing units B. M. R. Units would be: A. 2 unit of 1,550 square feet B. 2 unit of 1,775 square feet C. 2 units of 1,950 square feet Total 39 housing units Rental income projection As-Is: While you entitle property for residential development, you can use the existing 40,000 building for your office. If not, you could rent it at $1.95/SF NNN Triple net x 40,000= $78,000/month Plus bonus income from two cellular sites $8000/month
MLS® ID:
ML81884173
Updated:
5/18/22

Exterior/Building Features

Lot Size
1.87 acres lot
Lot Details
Additional Land Available, Grade - Mostly Level, Views
Sewer
Septic Connected

Other Property Details

Area Name
15
Attached Garage
No
Parking
N
View
Y
County
Santa Clara
Utilities
Public Utilities
Water Source
Public
Pool
No
Zoning
M1

 

Courtesy of Sam Jasu, E.R.E. Enterprise

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Data last updated 11:42 PM UTC, 5/18/22

 

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