Active
1190 W Latimer Avenue
Campbell CA, 95008
$4,490,000
$879.70 per sqft
Active
5,104 sqft
Commercial
Built in 1959
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.
224054352
MLSⓇ ID
May 20, 2024
Listed
September 2, 2024
Updated
Map
1190 W Latimer Avenue
Campbell CA, 95008
Interior Features
Interior Features
Carpet, Linoleum
Floor Description
Carpet, Linoleum
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.6 Acres
Lot Features
Level
Roof
Composition
Other Property Details
Garage
No
Parking
Open, Private, Lighted, On Street
Parking Total
15
View
No
County
Santa Clara
Water Source
Public
Pool
No
Zoning
R-1-6
Listing History
Date | Event | Price |
|---|---|---|
9/2/2024 | Price change | $4,490,000 -11% |
Courtesy of Carlene Bloodworth, Broker, Carlene Bloodworth,
Listing Contact:
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