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Multifamily

Hacienda Hamilton

160 W Hamilton Ave, Campbell, CA 95008

Listing Price: $7,800,000

Cap Rate
4.73%
Number of Units
21
GRM
13.24
Price/Unit
$371,429

Investment Overview

Located at 160 West Hamilton Avenue near Downtown Campbell, Hacienda Hamilton represents a rare opportunity to acquire a pride of ownership apartment complex in the prestigious city of Campbell, California.

Owned and operated by one family for over 30 years, Hacienda Hamilton is a true once-in-a-lifetime opportunity to purchase a legacy asset. The property is situated less than a mile from exclusive downtown Campbel and two miles from the famous Santana Row and The Pruneyard. Campbell is an affluent Silicon Valley suburb with minimal regulation and only a state-level rent-control ordinance. This unique property and exclusive location will offer a new owner consistent cash flow and asset appreciation for many years to come.

The total net rentable square footage is a remarkable 17,276 (per county records) and is situated on a large 32,340 square-foot lot (per county customs). Hacienda Hamilton has a total of 33 parking spaces, not including four private garages which could be used as additional parking, rented out as storage, or possibly converted to ADUs in the future. With an attractive unit mix of 12 two-bedroom/one-bath, one two-bedroom/two-bath, one three-bedroom/two-bath, and seven large one-bedroom/one-bath units totaling 21 units, the property has enjoyed a historically high occupancy rate.

Hacienda Hamilton is an appealing multifamily investment due to the unparalleled set of amenities, attractions, and activities Campbell has to offer. Additionally, current rents are estimated to be 16% below similar units in the surrounding area based on comparable property rent surveys. With a world-class location in the heart of Silicon Valley, Hacienda Hamilton presents an attractive offering for investors due to its proximity to major employers, transportation corridors, shopping, dining, entertainment options, and a market with strong rental demand.

Campbell Overview:
The City of Campbell is a highly desirable suburban town with a population of roughly 42,000 located in the heart of Silicon Valley. It is one of the most desirable sub-markets in the South Bay due to its central location and suburb-like neighborhoods. It borders three other premier South Bay cities including Los Gatos, Saratoga, and Cupertino, home to many of Silicon Valley’s most successful entrepreneurs and notable employers. Hacienda Hamilton is located steps from the Campbell Community Center which provides residents with numerous outdoor facilities including tennis courts, parks, track and field, and a community swimming pool. Just over a mile away, downtown Campbell and the Pruneyard Shopping Center boast a vibrant and lively setting with many popular bars and restaurants within walking distance. The property provides easy access to the major thoroughfares including Highway 17, 85, and 280.

Investment Highlights

  • In-Place Cap Rate of 4.73% with rents nearly 16% Below Market (6.00%+ Pro Forma Cap Rate)
  • Walking Distance to Campbell Community Center and Downtown Campbell
  • Excellent Unit Mix - 66% Two-Bedroom and Three-Bedroom Floor Plans
  • Campbell Does Not Have a City Rent Control Ordinance
  • Situated in a Charming and Low-Density Residential Neighborhood

Exclusively Listed By

Multifamily

Hacienda Hamilton

Listing Price: $7,800,000

Cap Rate
4.73%
Number of Units
21
GRM
13.24
Price/Unit
$371,429

Investment Highlights

  • In-Place Cap Rate of 4.73% with rents nearly 16% Below Market (6.00%+ Pro Forma Cap Rate)
  • Walking Distance to Campbell Community Center and Downtown Campbell
  • Excellent Unit Mix - 66% Two-Bedroom and Three-Bedroom Floor Plans
  • Campbell Does Not Have a City Rent Control Ordinance
  • Situated in a Charming and Low-Density Residential Neighborhood

Investment Overview

Located at 160 West Hamilton Avenue near Downtown Campbell, Hacienda Hamilton represents a rare opportunity to acquire a pride of ownership apartment complex in the prestigious city of Campbell, California. Owned and operated by one family for over 30 years, Hacienda Hamilton is a true once-in-a-lifetime opportunity to purchase a legacy asset. The property is situated less than a mile from exclusive downtown Campbel and two miles from the famous Santana Row and The Pruneyard. Campbell is an affluent Silicon Valley suburb with minimal regulation and only a state-level rent-control ordinance. This unique property and exclusive location will offer a new owner consistent cash flow and asset appreciation for many years to come. The total net rentable square footage is a remarkable 17,276 (per county records) and is situated on a large 32,340 square-foot lot (per county customs). Hacienda Hamilton has a total of 33 parking spaces, not including four private garages which could be used as additional parking, rented out as storage, or possibly converted to ADUs in the future. With an attractive unit mix of 12 two-bedroom/one-bath, one two-bedroom/two-bath, one three-bedroom/two-bath, and seven large one-bedroom/one-bath units totaling 21 units, the property has enjoyed a historically high occupancy rate. Hacienda Hamilton is an appealing multifamily investment due to the unparalleled set of amenities, attractions, and activities Campbell has to offer. Additionally, current rents are estimated to be 16% below similar units in the surrounding area based on comparable property rent surveys. With a world-class location in the heart of Silicon Valley, Hacienda Hamilton presents an attractive offering for investors due to its proximity to major employers, transportation corridors, shopping, dining, entertainment options, and a market with strong rental demand. Campbell Overview: The City of Campbell is a highly desirable suburban town with a population of roughly 42,000 located in the heart of Silicon Valley. It is one of the most desirable sub-markets in the South Bay due to its central location and suburb-like neighborhoods. It borders three other premier South Bay cities including Los Gatos, Saratoga, and Cupertino, home to many of Silicon Valley’s most successful entrepreneurs and notable employers. Hacienda Hamilton is located steps from the Campbell Community Center which provides residents with numerous outdoor facilities including tennis courts, parks, track and field, and a community swimming pool. Just over a mile away, downtown Campbell and the Pruneyard Shopping Center boast a vibrant and lively setting with many popular bars and restaurants within walking distance. The property provides easy access to the major thoroughfares including Highway 17, 85, and 280.

Exclusively Listed By

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