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1005 Ravenscourt AVE Campbell, CA 95128
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Key Details
Sold Price $2,800,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 6,656 sqft
Price per Sqft $420
MLS Listing ID ML81973909
Sold Date 10/11/24
Bedrooms 2
Full Baths 1
Year Built 1962
Lot Size 0.320 Acres
Property Sub-Type Five or More Units
Property Description
We are pleased to offer 1005 Ravenscourt Ave, a prime investment opportunity located in the highly desirable city of Campbell. It is a rare asset that features 8 spacious two-bedroom/one-bathroom units on a large corner parcel. Built in 1962, the building offers 6,656 square feet of living space on a 14,000 square foot lot. All units have air-conditioning and a large backyard or balcony. The property also features dual-pane windows, carports, on-site laundry, and more. It is just 10 minutes away from downtown Campbell, the Pruneyard, and Santana Row, offering exceptional convenience. It also provides easy access to Highway 17, making it an ideal location for tenants and accessible to major tech companies. This property offers an excellent investment opportunity for those seeking steady rental income and appreciation, with strong tenant demand and high occupancy rates. It's a unique opportunity for both immediate returns and long-term growth in the thriving Silicon Valley rental market!
Location
State CA
County Santa Clara
Area Campbell
Zoning R-3
Interior
Heating Gas, Wall Furnace
Cooling Window / Wall Unit
Exterior
Parking Features Carport
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Bitumen
Building
Foundation Wood Frame
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 282-16-039
Security Features None
Special Listing Condition Not Applicable
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Bought with Eric Katz • Magnify Real Estate