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
- Price:
- $22,998,888
- Square Footage:
- 81,457
- Acreage:
- 1.87
- Listing ID #:
- ML81884173
- Street Address:
- 1282-1300 White Oaks
- City:
- Campbell
- State:
- California
- Postal Code:
- 95008
- County:
- Santa Clara
- Community:
- Campbell
- Listing Status:
- Active
- Listing Type:
- Land
School District: Campbell Unified School District
- Total Building Square Footage:
- 81457
- Conforms To Zoning:
- M1
- Lot Features:
- Mostly Level
- Lot Size:
- 1.87
- Lot Size Units:
- Acres
- Lot Square Footage:
- 81457
- For Sale Or Lease?:
- For Sale
- Price Per Square Foot:
- 282.00
- Fence:
- Fenced
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Sam Jasu of E.R.E. Enterprise
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