Properties

Comm Ri Multi-units 5+ For Sale

13,312 Sqft - 991 Ravenscourt Avenue, CAMPBELL, California 95008

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Property Description

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. 995 building 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.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81818258
Price : $6,800,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 13,312 Sqft
Year Built : 1962
Lot Area : 0.69 Sqft
Features
Heating System : Wall Furnace
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Santa Clara
City : CAMPBELL
Zipcode : 95008
Street : Ravenscourt Avenue
Street Number : 991
Floor Number : 0
Longitude : W122° 2' 52.1''
Latitude : N37° 16' 52.3''
MLS Addon
Office Name : Katz Inc
Building Type : Other
Area : All Other Counties/States
Address : 991 Ravenscourt Avenue
LA1User Code : MLL5083295
LA1Agent First Name : Eric
LA1Agent Last Name : Katz
Status Category : Sold
Tot # Parking Spaces : 8
Tot # of Units : 0
Zoning : R-3
List $/SqFt : $0
Age : 58
Apx Lot Sq Ft : 30,012 Sqft
Type of Building : Apt Complex
Annual Taxes : $90,573
Total Deposits : $0
ALL UNITS HAVE : Refrigerator, Updated Baths
EXTERIOR : Dual Pane Windows
FLOORING : Tile, Laminate
ON-SITE PARKING DESC : Covered Parking, Spaces - Assigned
OPERATING EXPENSES : Other, Utilities
SOME UNITS HAVE : Updated Kitchen, Dishwasher
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
ENERGY SAVING FEATURE : Energy Star Appliances
LAUNDRY : Coin Operated
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.85
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $6,800,000
Sold Price : $6,114,253
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 492336
Net Oper Income : 329973
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 12000
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 13.81
Buyer Agent DRE Num. : 01900078
List Agent DRE Num. : 01900078
Filtered Address : 991 Ravenscourt AVE
LA1Agent License ID : 01900078
LA1Old Agent ID : 385544
SA1Agent First Name : Eric
SA1Agent Last Name : Katz
SA1Agent License ID : 01900078
SA1User Code : MLL5083295
SA1Old Agent ID : 385544
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : MLSListings Datashare
Assessors Parcel No : 282-16-040
Showing : Call Listing Agent
SO1Office Abbreviation : MLL5017028
SO1Office Name : Katz Inc
LO1Main Office ID : 88971
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 88971
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 6114250
Address Search Number : 991
Listing Agent : 335868
Listing Office : 88971
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 335868
Buying Office 1 : 88971
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 4
Input Date : 30/10/2020 23:40:51
Update Date : 10/02/2021 17:07:49
PhotoTimestamp : 10/02/2021 15:04:56
First Photo Add Timestamp :
List Date : 30/10/2020
Expire Date :
Pending Date : 28/12/2020
Closing Date : 22/01/2021
Status Date : 09/02/2021
Price Date :
Off Market Date : 28/12/2020
Status : Sold
HOA : No
Off Market Status Date :
LVT Date :
DOMLS : 59
Cumulative DOMLS : 59
Unit # 1 # of Bedrooms: 2
Unit # 1 Approx. SqFt: 813
Unit # 1 Rent: 2400
Comm Ri Multi-units 5+ For Sale
  • Listing ID : ML81818258
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 13,312 Sqft
$6,800,000
Agent info
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