Bought with Eric Katz • Magnify Real Estate
$2,800,000
$2,995,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
6,656 SqFt
SOLD DATE : 10/11/2024
Key Details
Sold Price $2,800,000
Property Type Commercial
Sub Type Other
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
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1962
Lot Size 0.320 Acres
Property Sub-Type Other
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
Interior
Heating Natural Gas, Wall Furnace
Fireplace No
Building
Water Public
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