Address
1190-1196 W Latimer Avenue, Campbell, CA
Price
$ 5,000,000
Property Attributes
- MLS#224052871
- TypeIncome
- CountySANTA CLARA
- CityCampbell
- AreaCampbell
- Zip95008
- StyleCraftsman,Traditional
- Price$ 5,000,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.6 Acres
Data Source:
MetroList MLS
Property Description
Investment Opportunity, many possibilities for developer. My grandmother built a convalescent hospital in 1959 and converted it to Day Care, licensed for 100 children, in 1971. The school is 3904sf with a paved parking area, a play area and off street parking. The .60 parcel, also includes a 1200sf, 3bd/1ba single family home with a fenced yard. Built in 1920, this home is considered historical, a craftsman style home and can not be demolished. It can be remodeled and it has a full basement with access from outside, so much can be done. A 1200sqft ADU would be allowed behind it. I had a virtual meeting with the City of Campbell Planning about the possibilities. The daycare is occupied with a tenant that pays $8000 a month, and the house has the potential to be at least $3500. That's $11,500 a month income while planning the development and applying for permits or lot splits. The property can easily be split into 2 lot, most likely 3 and very possibly 4 with one flag lot. If the lot is split they will all need to be residential and the daycare will no longer be allowed. A local developer may be able to do more! I have all the original plans and documents going back to the 1971.
| Price History | |
|---|---|
| 5/21/2024 | Listed $5,000,000 |
General Features
| Sewer | In & Connected |
|---|---|
| Heating | See Remarks,Other |
| Cooling | See Remarks |
| Utilities | City |
| Garage Spaces | 0.0 |
| Architectural Style | Craftsman,Traditional |
| Construction Materials | Block,Wood,Masonry |
| Year Built | 1959 |
| Topography | Level |
| Property SubType | Other |
| County | Santa Clara |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Close Price | 0.0 |
| Status | Active |
| Directions | Hamilton Ave to West Latimer to Address and Creative Habitat. |
| City | Campbell |
| Buyer Agent Compensation | 2 |
| High School District | Campbell Union |
| Zoning Description | R-1-6 |
| Open Parking Spaces | 0.0 |
| NumberOfUnitsTotal | 1 |
| MLS Area | Campbell |
| Lot Size Square Feet | 26136.0 |
| Carport Spaces | 0.0 |
| Street Name | Latimer |
| Standard Status | Active |
| Middle/Junior School District | Campbell Union High |
| Elementary School District | Moreland |
| Year Built Source | Owner |
| Buyer Agent Compensation Type | Percent |
Interior Features
| Flooring | See Remarks |
|---|---|
| Total Stories | 1 |
| Street Suffix | Avenue |
| Laundry Features | Washer/Dryer Hookups |
| Unit 1 Bedroom Units Total | 2 |
Exterior Features
| Parking Features | Off Street,Open,Street,Guest Parking Available |
|---|---|
| Lot Features | Curb(s),Shape Regular,Curbs/Gutters,Sidewalk |
| Water Source | Water District,Meter on Site |
| Total Parking | 15.0 |
| Foundation Details | Concrete |
| Number of Buildings | 2 |
| Lot Dimensions | 183 x 183 |
| Lot Size Acres | 0.6 |
| Lot Size Source | Assessor Auto-Fill |
| Covered Spaces | 0.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 95008
Price
Visits
Year Built
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MetroList CA data last updated: June 15, 2024 6:47 PM UTC 