991 Ravenscourt AVE

CAMPBELL, CA, 95008

$6,950,000

$522 per ft²
$6,950,000
$522 per ft²
Under Contract
Under Contract
 - For Sale
carpenters-square
13,312 ft²
property_type
Commercial
calendar
Built 1962
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.
MLS® ID:
ML81891825
Updated:
7/3/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Coin Operated
Floor Description
Laminate, Tile
Cooling
Window / Wall Unit
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.69 acres lot
Roof
Composition, Shingle
Sewer
Sewer - Public

Other Property Details

Area Name
15
Garage
Yes
Parking
Assigned Spaces, Covered Parking
Parking Total
8.0
View
Y
County
Santa Clara
Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
Water Source
Public
Pool
Yes
Zoning
R-3

Property History

Date
Event
Price
Value
6/27/22
Under Contract
-
-
6/16/22
Price Change
$6,950,000
-3%

 

Courtesy of Eric Katz, Katz Inc

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Data last updated 5:54 PM UTC, 7/3/22

 

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