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991 Ravenscourt AVE Campbell, CA 95008
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Key Details
Sold Price $6,900,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81891825
Sold Date 08/26/22
HOA Y/N No
Year Built 1962
Annual Tax Amount $97,303
Lot Size 0.689 Acres
Property Description
991-997 Ravenscourt Avenue is a rare investment opportunity with (16) Two-Bed/One-Bath units on a large lot in the desirable City of Campbell. There are four separate buildings with gated entry and extensive capital improvements in all units including renovated bathrooms, upgraded kitchens, new appliances, hardwood laminate floors, air-conditioning, new wall heaters, dual pane windows, and mirrored closet doors. Units feature a patio or balcony, in addition to a storage locker in each covered parking space. All four buildings have new copper plumbing and new drain pipes. Building 995 has a new roof. There is also a non-conforming unit with a full kitchen and bathroom that can be legalized as a potential 17th unit (Buyer to verify). Enjoy the cash-flow and attractive financing due to the strong current income. 100% rent collection! The property is located near The Pruneyard, Downtown Campbell, and Santana Row, and features easy access to major tech companies in Silicon Valley.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R-3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 16
Roof Type Composition,Shingle
Total Parking Spaces 8
Building
Water Public
Schools
School District Other
Others
Tax ID 28216040
Financing Conventional
Special Listing Condition Standard
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Bought with Freddie Cacao • Integrity Bay Realty