35 Lavonne Dr 4 Unit Apartment Building Offered at $1,895,000 at a 4.08% Cap Rate Campbell, CA 95008

Located in the heart of Silicon Valley, 35 LaVonne Drive presents a rare opportunity to acquire a pride-of-ownership four-unit
multifamily property in one of the most desirable rental markets in the region. Meticulously maintained and thoughtfully
upgraded, this property combines strong in-place income with long-term upside, making it ideal for both seasoned investors
and owner-users seeking quality, stability, and location.
The property consists of four well-appointed units totaling 3,535 square feet on an 8,064 square foot lot, originally constructed in
1963 and carefully improved over time. There is an easement across the shared driveway. Each unit reflects a commitment to
quality and tenant appeal, with remodeled kitchens, modern finishes, and durable laminate flooring in select units. Building-
wide upgrades include copper piping, dual-pane windows, automatic garages with touchpad entry, and a coded security gate,
enhancing both operational efficiency and resident
convenience.
Unit configuration is highly attractive and well-balanced. The standout 3-bedroom, 2-bath owner’s unit offers exceptional
livability and flexibility, featuring a large atrium/sun room that fills the space with natural light and creates a unique indoor-
outdoor feel rarely found in multifamily properties of this size. This unit also includes a remodeled kitchen and hallway bathroom,
making it well-suited for an owner-occupant or as a premium rental. The remaining units include a 2-bedroom, 1-bath residence
and two 1-bedroom, 1-bath units, all of which have been upgraded with remodeled kitchens and modern finishes. Current rents
reflect strong and stable income in a highly desirable rental location.
Complementing the interiors is a beautifully landscaped garden area, providing residents with a peaceful outdoor retreat and
reinforcing the property’s pride-of-investment character. Ample garage parking and secure access further elevate the tenant
experience and support long-term retention.
The location is a defining feature of this offering. Situated just 1.4 miles from downtown Campbell, residents enjoy convenient
access to a vibrant, walkable district known for its local restaurants, cafés, and community events. Campbell blends small-town
charm with Silicon Valley connectivity, making it a highly sought-after place to live. Tree-lined neighborhoods, highly rated
schools, and proximity to major commuter routes and employment centers drive consistent rental demand. The nearby Los
Gatos Creek Trail and local parks add to the area’s lifestyle appeal, while excellent freeway access supports easy commutes
throughout the region.
With a population of 43,959 and more than 68% of residents reporting high satisfaction with their quality of life, Campbell
continues to stand out as a resilient and desirable market. 35 LaVonne Drive offers investors a rare combination of location,
condition, unit mix, and income stability—a compelling asset positioned for long-term performance in one of Silicon Valley’s
most enduring rental environments.