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Description
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
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$120,000,000
12
18
31,608 Sq ft
MLS# 22-154733
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Listing Agent: Sam Jasu 01327903 Courtesy of: E.R.E. Enterprise "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Updated: 29th June, 2022 12:58 PM (UTC)
