Opportunity for investors, builders, and developers! Discover 1551 Walters Avenue, an approximately 15,360 sq ft residential property in Campbells established San Tomas neighborhood with significant potential to reimagine the site. The existing five-bedroom, 3.5-bath split-level home is offered as-is, creating multiple paths forward: renovate the existing residence, explore an SB-9 lot split for two homes, or investigate the potential for a small-scale multi-unit development of up to 10 units under SB-1123, subject to applicable requirements and buyer verification. The substantial lot, desirable West Valley location, and range of potential development strategies make this an opportunity worth exploring. Minutes to Downtown Campbell, The Pruneyard, parks, trails, shopping, and dining, with convenient access to San Tomas Expressway, Highways 17 and 85, and Interstate 280. Unlock the potential of this substantial Campbell property and envision what could be created here.
Delivered with Planning Approval for 9 Townhomes! Exceptional opportunity to acquire two adjacent parcels in a prime Campbell location with seller-delivered planning approval for a 9-townhome development. This offering is ideally suited for a developer seeking a substantially de-risked project with entitlement work completed prior to closing. The property is located within walking distance of Downtown Campbell, offering convenient access to dining, shopping, entertainment, transit, excellent schools, and major Silicon Valley tech employers. The existing improvements generate approximately $100,000 in annual rental income, providing attractive in-place cash flow prior to redevelopment. With planning approval for 9 townhomes, strong existing income, and a highly desirable infill location, this is a rare opportunity to acquire a development-ready residential project in one of Campbells most sought-after neighborhoods.
Courtesy: Pearson Realty
408-377-4664
DO NOT DISTURB OCCUPANTS!! House is occupied. This is one of two legal parcels totalling 22,750 sq ft. Value is in the land. This is parcel 16. Together with adjoining parcel 15, this site has 182 ft frontage on Union Avenue. Both parcels are for sale and each has a separate APN (assessor parcel number). Adjoining parcel 15 is vacant and is approx. 92' x 125' with 11,500 sf. This parcel 16 has a 1375 sf house and is approx. 90' x 125' with 11,250 sf. Parcel 15 is for sale for $1,800,000. Great property to take advantage of the new state and city laws. In the heart of Campbell and a short walk to downtown Campbell and Pruneyard Shopping.
DO NOT DISTURB OCCUPANTS!! House is occupied. This is one of two legal parcels totalling 22,750 sq ft. Value is in the land. This is parcel 16. Together with adjoining parcel 15, this site has 182 ft frontage on Union Avenue. Both parcels are for sale and each has a separate APN (assessor parcel number). Adjoining parcel 15 is vacant and is approx. 92' x 125' with 11,500 sf. This parcel 16 has a 1375 sf house and is approx. 90' x 125' with 11,250 sf. Parcel 15 is for sale for $1,800,000. Great property to take advantage of the new state and city laws. In the heart of Campbell and a short walk to downtown Campbell and Pruneyard Shopping.
This parcel is part of the property being sold at 1280 Theresa Aveneue, Campbell (ML81915087)/The large stoarage shed and pool are located here, and may overlap with the parcel 406-19-053
Campbell is located in California. Campbell, California has a population of 43,954. Campbell is less family-centric than the surrounding county with 35.59% of the households containing married families with children. The county average for households married with children is 38.78%.
The median household income in Campbell, California is $130,171. The median household income for the surrounding county is $140,258 compared to the national median of $69,021. The median age of people living in Campbell is 39.1 years.
The average high temperature in July is 82.8 degrees, with an average low temperature in January of 40.9 degrees. The average rainfall is approximately 18.4 inches per year, with 0 inches of snow per year.
