786 Sharmon Palms Lane, Campbell, California 95008, Campbell, 95008 - 0 bed, 0 bath
Loading property details...
Campbell, California 95008
This Prime Multi-Unit Investment Asset is listed at $1,999,000, representing a stable acquisition at its $1,999,000 Fair Market Value. The property maintains a Condition Rating of 3 (Good), following ten years of seller improvements including updated laminate flooring, recessed lighting, and granite-look countertops across all four 2-bedroom units. Generating a Gross Annual Income of $116,420 with a 3.5% Cap Rate, this low-maintenance quadruplex is situated in a high-demand Campbell corridor. It is a strategic addition for Buy-and-Hold Investors or Portfolio Managers seeking reliable Silicon Valley cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 786 Sharmon Palms Lane Subject | $1,950,000* List Price | 0 | 0 | 3,150 | $619 | - |
A 614 Beta Court Sold | $1,710,000 | 0 | 0 | 3,400 | $503 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1962, the property has been 'maintained and improved by seller over the past ten years,' which is evident in the images. The units feature updated laminate flooring, fresh paint, and modern recessed lighting in living areas. The kitchens have updated cabinets, granite-look countertops, and functional white appliances. Bathrooms include updated vanities and clean fixtures. While some elements like the kitchen floor tile and bathroom shower tile show some age, the overall condition is move-in ready with no immediate renovations required, aligning with the 'Good' criteria for properties extensively renovated within the last 5-15 years.
This 4-unit quadruplex offers a diversified income stream, making it a robust investment opportunity in a sought-after market.
Situated in a desirable Campbell area, the property boasts easy access to freeways, expressways, shops, schools, and parks, ensuring high tenant demand.
The seller has maintained and improved all units over the past ten years, potentially reducing immediate capital expenditure for the new owner.
The estimated 3.5% Cap Rate suggests a relatively low return on investment for the asking price, which may not align with all investors' cash flow objectives.
A GRM of 17 indicates the property is priced at a premium relative to its gross annual income, potentially limiting immediate cash flow.
Built in 1962, the property is over 60 years old. While maintained, it may eventually require significant capital expenditures for major system replacements (e.g., roof, plumbing, electrical) not explicitly detailed as updated.
Prime 4-unit investment property in a nice Campbell area with an easy commute, proximity to freeway / expressway / shops/schools / parks. Property has four 2 bedroom/1 bathroom units. All units have been maintained and improved by seller over the past ten years. Gross TY2025 rental income was $116,420 including $1,520 in laundry cash. The 2025 operating expenses, without accounting for depreciation, were $47,695. At the list price, this yields a GRM of 17 with an estimated Cap Rate of 3.5%. Please drive by but do not disturb tenants. Buyer offer will be contingent on acceptance after property inspection.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,150 | 2,592 | 57% |
| Lot Size | 8,064 | 8,600 | 43% |
| Price | $1.95M | $1.73M | 86% |
| Price per sq ft | $619 | $646 | 43% |
| Built year | 1962 | 1962 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 77 | 197 | 29% |
Apr 14, 2026
$1,950,000
$1,999,000
-2% Price Drop
Initial Listing
Feb 4, 2026
$1,999,000
Initial Listing
Aug 31, 2015
$1,400,000
Public Record
Dec 8, 2010
$621,500
Public Record
Jul 31, 2006
$930,000
Public Record
Aug 6, 2001
$742,000
Public Record
Dec 31, 1998
$215,000
Public Record