1305 Walnut Drive, Campbell, California 95008, Campbell, 95008 - 2 bed, 1 bath
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Campbell, California 95008
This High-Potential Value-Add Asset is listed at $2,849,000, reflecting a strategic premium for its expansive 12,060 sqft lot and rare 1,000 sqft permitted shop. While the $2,505,019 Fair Market Value highlights the current residential baseline, the property’s Fair Condition Rating and dated 2-bed, 1-bath layout offer significant upside through reconfiguration or ADU development. Located in a prime corridor between downtown Campbell and Los Gatos, the site’s massive footprint provides unmatched redevelopment potential. This is a premier acquisition for Developers or Visionary Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1305 Walnut Drive Subject | $2,849,000* List Price | 2 | 1 | 1,854 | $1,351 | - |
A 816 Waldo Road Sold | $2,070,000 | 3 | 2 | 1,706 | $1,213 | 0.6 mi |
B 1297 Virginia Avenue Sold | $2,020,000 | 3 | 2 | 1,281 | $1,577 | 0.3 mi |
C 404 Shamrock Drive Active | $2,599,000 List Price | 4 | 3 | 1,784 | $1,457 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, the home has been maintained with updates including granite countertops and stainless appliances, but features like oak cabinetry and the 2-bed/1-bath layout for 1,854 sqft are dated. Most significantly, the exterior image shows blue tarps on the roof, indicating active leaks or deferred maintenance requiring immediate repair, which aligns with the 'Fair' condition criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12060, living area = 1854.
The property features a rare, flat 12,060 sqft lot and includes a permitted 1,000 sqft shop, providing exceptional potential for an ADU conversion, home office, or workshop.
Ideally situated between downtown Campbell and Los Gatos, this location offers the perfect balance of suburban tranquility and easy access to high-end dining, shopping, and entertainment.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1854, other record living area = 1516.
Despite having over 1,800 sqft of living space, the home only offers 2 bedrooms and 1 bathroom, which may limit its appeal to families and require additional investment to reconfigure.
At a $2.8M+ price point, the current 2-bed, 1-bath configuration represents a high cost of entry compared to the immediate residential utility, targeting buyers primarily interested in land value or major renovation.
Opportunities like this rarely arise in this Campbell neighborhood. The location offers an ideal distance between downtown Campbell and Los Gatos, set on a flat, usable, 12K sf lot. This single level, California ranch style home is thoughtfully updated and includes a permitted 1000 sf shop (with potential!) in back. The hardwood flooring gleams with natural light from two garden windows and a large skylight. Separate living, dining and family rooms. The first living area welcomes you through the front door, featuring hardwood floors, ceiling fan, recessed lighting and wood burning fireplace. The front bedrooms are divided by the hall bath offering a shower over tub and stall shower. The chefs kitchen highlights granite countertops, stainless appliances, gas range, oak cabinetry and dual height island. The kitchen flows into banquette style dining and steps down to the rear of the home where the second living space awaits. This great room showcases a knotty pine ceiling with exposed beams. One gable end features a striking floor to ceiling wood burning brick fireplace, while the opposite gable end presents floor to ceiling windows overlooking the spacious backyard. The entertainment area is plumbed for a wet bar and opens to the backyard. The shop is finished and ready for use!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 9% |
| Baths | 1.0 | 2.0 | 18% |
| Square foot | 1,854 | 1,763 | 53% |
| Lot Size | 12,060 | 7,751 | 85% |
| Price | $2.85M | $2.18M | 76% |
| Price per sq ft | $1.5K | $1.2K | 76% |
| Built year | 1946 | 1961 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 148 | 6% |
Mar 31, 2026
$2,849,000
Initial Listing
Apr 19, 1994
$81,000
Public Record