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1196 W Latimer Avenue

Campbell, CA 95008

$5,000,000 $21,080/Mo

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Overview

5,104

Sqft(Lot)

26,136

Sqft(Lot)

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 $11,50 0 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.

Property Details

Property Type : ResidentialIncome

Price : $5,000,000

AD Id : 56926011

MLS Id : 224052871

Lot Size : 26,136 Sqft(Lot)

Living Area Size : 5,104

County : Santa Clara

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Features

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1280 Theresa Ave Lot Ad.., Campbell, CA, 95008	$1	--	--	--	2,676 Sqft(Lot)
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