991 Ravenscourt Avenue

Campbell, CA 95128

$6,900,000
Last Sold Price
Beds
13,312 Sq. Ft.
$518 / Sq. Ft.
13,312
Sq. Ft.
$518
per Sq. Ft.

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...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. Building 995 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.
  1. Listed by Eric Katz • DRE #01900078 • Brokerage DRE #01527043 • Katz Inc • 408-438-0969

Property Details for 991 Ravenscourt Avenue

MLS City Name
CAMPBELL
Building Type
Other
Garage Spaces
0
Parking Spaces
8

Location

Listing Courtesy of Katz Inc, Eric Katz, DRE #01900078

Sold By Integrity Bay Realty, Freddie Cacao, DRE #01330617

Add your commute
LISTING UPDATED: 09/06/2022 07:31 AM

Property Details for 991 Ravenscourt Avenue

StatusSold
MLS #ML81891825
Days on Compass40
Taxes$97,303 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1962
Lot Size0.69 AC / 30,012 SF
CountySanta Clara County

Location

Listing Courtesy of Katz Inc, Eric Katz, DRE #01900078

Sold By Integrity Bay Realty, Freddie Cacao, DRE #01330617

Add your commute

Building Information for 991 Ravenscourt Avenue

Stories-Residences-Year Built1962Building Size-Lot Size0.69 AC / 30,012 SF

Payment Calculator

$45,765 per month

30 year fixed, 7.25% Interest

Principal and Interest

$37,656

Property Taxes

$8,109

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 991 Ravenscourt Avenue

Features
Features
  • Energy Features: Double Pane Windows, Energy Star Appliances
  • Fireplace: No
  • Flooring: Laminate, Tile
  • Laundry: Coin Operated
  • Living SqFt: 13312
  • Pool: No
  • Security Features: Controlled / Secured Access
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 16
Garage
  • Garage and Parking: Assigned Spaces, Covered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Exterior: Dual Pane Windows
  • Min Num Of Units in Complex: 16
  • Area Text: Campbell
  • Restrictions: None
  • Roof: Composition, Shingle
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 991
  • Street Name: Ravenscourt
  • Street Suffix: Avenue
  • Area ID: 15
Lot / Property Details
Building Information
  • Number of Buildings: 4
  • Structure SqFt: 13312
  • Structure SqFt Source: Assessor
  • Age: 60
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R-3
Location Information
  • Parcel Number: 282-16-040
  • County Name: Santa Clara
  • City Name: CAMPBELL
  • City Postal ID: 7
  • Postal Code: 95008
  • Elementary School District: 454
  • High School District Text: Campbell Union High
Lot Information
  • Foundation: Concrete Slab, Post and Pier
  • Lot Acres: .69
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: No
Multi Family Information
General Information
  • Annual Tax Amount: $97,303
  • Capitalization Rate: 4.43
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Parking, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,200
  • Expense Landscape: $6,000
  • Expense Maintenance: $8,000
  • Expense Management: $26,696
  • Expense Trash: $7,676
  • Expenses Other: $0
  • Expenses Utility: $14,244
  • Expenses Total: $164,119
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Utilities, Other
  • Gross Rent Multiplier: 14.28
  • Income Annual Gross: $472,232
  • Income Annual Rental: $479,904
  • Income Gross Scheduled: $486,837
  • Income Other: $6,933
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,400
Unit 2 Information
  • Unit 2 Rent: $0
Unit 3 Information
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Rent: $0
Unit Type 1
  • Unit Type1 Approx SqFt: 813
  • Unit Type1 Units Total: 16
Listing Info
Rental Info
  • Lease Type: Net

Property History for 991 Ravenscourt Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 991 Ravenscourt Avenue

Taxable ValueLand$4,400,000Additions$2,516,254Total$6,916,254
Home Facts
Total Finished SqFt13,312 SqFtAbove Grade Finished SqFt13,312 SqFtStories2Lot Size29,110 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningR-3CountySANTA CLARAAPN282-16-040Fireplace TypeHas Fireplace

Schools near 991 Ravenscourt Avenue

This home is within Campbell Union School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Charter - 5 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Castlemont Elementary School
CharterK to 5

Monroe Middle School
Charter5 to 8

Del Mar High School
Public9 to 12

Campbell Distance Learning
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Katz Inc, Eric Katz, DRE #01900078

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.