1420 W Latimer Ave
Campbell, CA 95008
Multifamily Property For Sale · 6 Units

*OPEN HOUSE - Tuesday 3/27 from 11 am to 1 pm **OFFER DEADLINE - Wdnesday 3/28 by 3 PM ***Contact Listing Agents for Marketing Package The subject property includes a stand alone three bedroom and two bath home with a two car garage and private yard. 1420 West Latimer Avenue was constructed in 1969 and is situated on a large 13,800 square foot lot, offering 7,333 square feet of living area (per past appraisal, buyer to verify). This asset trumps other buildings in the area by boasting a superior unit mix of three large two-bed/one-and-a-half bath units, one two-bedroom/two-bath unit, one two-bedroom/ one-bath unit and also features a stand alone, three-bedroom/two-bath single family home. All of the units are well above 1,000 square feet each and have been meticulously maintained throughout the course of its current ownership. In addition, this asset is located within walking distance to the many retailers at San Tomas Plaza and almost in the middle of the major transit corridors of San Tomas Aquino, Campbell Avenue & Hamilton Avenue, which all feed into Highways 280, 17 and 85. The subject property offers an investor the tremendous opportunity to acquire a well kept asset in a superior location with value-add potential. In addition to on-site laundry, an investor can implement a thorough interior renovation program and achieve immediate upside from the current below market rents. 1420 West Latimer Avenue will appeal to both the cash flow and appreciation minded investor looking to own assets in superior locations that are unaffected by rent control. Recently in April 2017, Sunset Magazine named Campbell, CA as one of the best suburbs in the West. Recognized for it’s bustling downtown, farmer’s market, revamped Pruneyard Shopping Center and reasonable home prices, Campbell has been labeled one of Silicon Valley’s best kept secrets where the median home price exceeds.