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Multifamily

36 Lavonne Dr

36 Lavonne Dr, Campbell, CA 95008

Listing Price: $2,350,000

Cap Rate
4.69%
Number of Units
4
GRM
15.14
Occupancy
97.0%
Price/Unit
$587,500

Investment Overview

36 Lavonne Drive, located in Campbell, offers an investor the opportunity to purchase a massive four-unit apartment building in a fundamentally strong South Bay sub-market. The building is 5,287 square feet (per county records) of improvements. The buildings boast an exceptional unit mix of one (2,000 SF) owners’ unit and three (1,000 SF) two bed one bath units. The owner’s unit includes its own private washer & dryer as well as a garage which has immediate potential to be converted into an ADU. All of the units have been well maintained and upgraded throughout the years with most having crown molding, hard wood flooring, new kitchens and bathrooms.

The City of Campbell, a highly desirable suburban town with a population of roughly 42,000, is located in the heart of the 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 Valleys most successful entrepreneurs and notable employers. The Properties sit near the crossroads of Campbell Avenue and San Tomas Aquino Road adjacent to the Kirkwood Plaza shopping center which includes many retail services and restaurants, including Nob Hill Foods, Walgreens and Starbucks. The location boasts excellent proximity to Westgate Center, a shopping center containing over 600,000 square feet of retail and restaurant tenants. Downtown Campbell boasts a vibrant and lively setting with many popular bars and restaurants and is less than 3 miles away. The Properties provide easy access to the major thoroughfares of the South Bay including Saratoga & Campbell Avenues in addition to Highway 17, Highway 85 and Interstate 280.

36 Lavonne Drive is located in the heart of Silicon Valley and offers immediate access to an extremely dense concentration of employment. Within a ten mile radius of the Property, there exist roughly 764,000 jobs, all of which can be accessed in under a 30-minute commute. EBays headquarters is located four miles northeast of the Property and Netflixs headquarters is located four miles south. Netflix is one of the Bay Areas largest employers and is in the top 50 for largest companies in the U.S. by market cap. Apples new spaceship headquarters in Cupertino is located five miles north and is expected to house approximately 13,000 workers.

Investment Highlights

  • Exceptional Unit Mix Of Large 2 & 3 Bed Units
  • High End Interior Finishes Including Stainless Steel Appliances & Crown Molding
  • Massive Two Story 2,000 SF Owner's Unit
  • Immediate ADU Potential For Additional Income

Exclusively Listed By

Multifamily

36 Lavonne Dr

Listing Price: $2,350,000

Cap Rate
4.69%
Number of Units
4
GRM
15.14
Occupancy
97.0%
Price/Unit
$587,500

Investment Highlights

  • Exceptional Unit Mix Of Large 2 & 3 Bed Units
  • High End Interior Finishes Including Stainless Steel Appliances & Crown Molding
  • Massive Two Story 2,000 SF Owner's Unit
  • Immediate ADU Potential For Additional Income

Investment Overview

36 Lavonne Drive, located in Campbell, offers an investor the opportunity to purchase a massive four-unit apartment building in a fundamentally strong South Bay sub-market. The building is 5,287 square feet (per county records) of improvements. The buildings boast an exceptional unit mix of one (2,000 SF) owners’ unit and three (1,000 SF) two bed one bath units. The owner’s unit includes its own private washer & dryer as well as a garage which has immediate potential to be converted into an ADU. All of the units have been well maintained and upgraded throughout the years with most having crown molding, hard wood flooring, new kitchens and bathrooms. The City of Campbell, a highly desirable suburban town with a population of roughly 42,000, is located in the heart of the 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 Valleys most successful entrepreneurs and notable employers. The Properties sit near the crossroads of Campbell Avenue and San Tomas Aquino Road adjacent to the Kirkwood Plaza shopping center which includes many retail services and restaurants, including Nob Hill Foods, Walgreens and Starbucks. The location boasts excellent proximity to Westgate Center, a shopping center containing over 600,000 square feet of retail and restaurant tenants. Downtown Campbell boasts a vibrant and lively setting with many popular bars and restaurants and is less than 3 miles away. The Properties provide easy access to the major thoroughfares of the South Bay including Saratoga & Campbell Avenues in addition to Highway 17, Highway 85 and Interstate 280. 36 Lavonne Drive is located in the heart of Silicon Valley and offers immediate access to an extremely dense concentration of employment. Within a ten mile radius of the Property, there exist roughly 764,000 jobs, all of which can be accessed in under a 30-minute commute. EBays headquarters is located four miles northeast of the Property and Netflixs headquarters is located four miles south. Netflix is one of the Bay Areas largest employers and is in the top 50 for largest companies in the U.S. by market cap. Apples new spaceship headquarters in Cupertino is located five miles north and is expected to house approximately 13,000 workers.

Exclusively Listed By

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