
Campbell, California 95008
Opportunity knocks! Discover 1551 Walters Avenue, a substantial split level residence situated on an approximately 15,360 sq ft lot in Campbell's established San Tomas neighborhood. This 5 bedroom, 3.5 bathroom generous layout presents an uncommon combination of space and privacy, along with an oversized yard, in a highly convenient West Valley location. Offered as-is, the property invites its next owner to envision its possibilities, renovate the existing home or consider the options of building a new home or even two by using California's SB-9 Lot split option to build two new homes in this exceptional Campbell setting (buyer to verify). Minutes to Downtown Campbell, The Pruneyard, Campbell Park, the Los Gatos Creek Trail, Los Gatos Creek County Park, shopping, dining, and everyday conveniences. The location also provides convenient access to San Tomas Expressway, Highways 17 and 85, and Interstate 280, with easy connections throughout Campbell, Los Gatos, Saratoga, San Jose, and the broader Silicon Valley. With its substantial lot, split level layout, established neighborhood setting, and exceptional access to the amenities and transportation routes of the West Valley, this property offers a rare opportunity in Campbell.
Property is extensive renovation needed.
Built in 1941 and offered 'as-is,' this property is positioned primarily as a redevelopment opportunity. Interior photos reveal highly dated bathrooms and finishes likely exceeding 30 years in age, while the exterior structures show signs of significant wear. The listing's focus on SB-9 lot splitting and building new homes confirms the existing structure requires a total rehab or is approaching land-value status.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15360, living area = 3399.
The expansive 15,360 sq ft lot offers rare SB-9 lot split potential, providing a unique opportunity to build two new homes in a high-demand Campbell neighborhood.
Ideally situated near Downtown Campbell, The Pruneyard, and major transit arteries like Highway 17 and 280, offering exceptional access to Silicon Valley's core amenities.
The property is being sold in its current condition, requiring the buyer to undertake significant renovations or a full rebuild to meet modern luxury standards.
Originally constructed in 1941, the home likely requires extensive updates to its core systems and energy efficiency to align with contemporary building codes.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 2.6 |
| Square foot | 3,399 | 1,880.182 |
| Lot Size | 15,360 | 7,039.545 |
| Price | $2.89M | $2.07M |
| Price per sq ft | $850 | $1.1K |
| Built year | 1941 | 1958 |
| HOA | $0 | $185 |
| Days on market | 22 | 50 |
Oct 17, 2026
$2,888,888
$3,098,888
-7% Price Drop
Initial Listing
Oct 2, 2026
$3,098,888
Initial Listing