
Campbell, California 95008
This 4-unit Multifamily Investment Asset represents a Strong Value Opportunity, listed at $2,845,000—positioned above the $2,654,446 Fair Market Value. While priced at a premium, the property features a Condition Rating of 3, offering immediate rental stability with Air Conditioning and Washer/Dryer access in every unit. The unique layout, including private yards and no shared walls for one-bedroom units, ensures high tenant retention. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Syndicators focused on long-term rent optimization and utility reimbursement potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1673 Whitwood Lane Subject | $2,845,000* List Price | 0 | 0 | 3,300 | $804 | - |
A 205 Burnham Court Active | $2,100,000 List Price | 0 | 0 | 3,136 | $670 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1962, the property is well-maintained and functional with updates including solid-surface countertops, tile backsplashes, and wood cabinetry. The inclusion of air conditioning and washer/dryer access suggests systems are in good working order, making it move-in ready for tenants despite being a value-add opportunity.
The property features a highly desirable layout where one-bedroom units have no shared walls and two-bedroom units offer private yards, providing a level of privacy and outdoor space rarely found in standard rentals.
Situated in a high-demand Campbell neighborhood near major employment hubs, Downtown, and transit routes, the property is well-positioned for low vacancy rates and long-term appreciation.
This value-add asset offers significant upside through rent optimization, potential RUBS utility reimbursement, and further interior modernizations to maximize the return on investment.
Built in 1962, the property may require ongoing capital expenditures for aging systems or structural maintenance typical of buildings from this era.
With a list price of $2.845M, the initial capitalization rate may be compressed, necessitating immediate management execution to realize the projected financial upside.
Excellent opportunity to acquire a 4-unit multifamily investment property in desirable Campbell with tenant appeal, functional layouts, and meaningful upside. 1673 Whitwood Avenue offers a well-maintained apartment-style asset with attractive curb appeal, garage parking, private outdoor space, and features that set it apart. The property consists of two one-bedroom units and two two-bedroom units. The one-bedroom units have no shared walls, creating a private living experience tenants appreciate. The two-bedroom units each include a private yard, offering outdoor space rarely found in many rentals. Each unit also includes air conditioning and washer/dryer access, adding comfort and convenience that support retention. Interior finishes include clean kitchens with wood cabinetry, tile backsplashes, solid-surface countertops, and practical floor plans. With Campbells location near Downtown Campbell, Los Gatos, San Jose, major employment centers, shopping, dining, schools, and commute routes, the property is well-positioned for stable occupancy and long-term appreciation. This value-add opportunity offers future rent optimization, continued interior/common-area improvements, and potential RUBS utility reimbursement, subject to applicable local regulations and buyer verification.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,300 | 2,189 |
| Lot Size | 8,925 | 7,638 |
| Price | $2.85M | $1.71M |
| Price per sq ft | $862 | $945 |
| Built year | 1962 | 1961 |
| HOA | $0 | $0 |
| Days on market | 41 | 52 |
Jun 12, 2026
$2,845,000
Initial Listing
Feb 5, 2020
$2,185,000
Public Record