Vacant Land in Campbell

This is an opportunity to buy the property and entitle it for Residential housing development. City of Campbell, located in Silicon Valley, California, needs thousands of multi-family housing per state and federal, RHNA requirements. With minimum density, about 21 units per Acre are allowed. Which means at a minimum 39 units will be allowed on 1.87 acres. For example, one of the products would be 39 three level townhouses on this property with: A. 11 units of 1,550 square feet B. 11 units of 1,775 square feet C. 11 units of 1,950 square feet Total 33 housing units B. M. R. Units would be: A. 2 unit of 1,550 square feet B. 2 unit of 1,775 square feet C. 2 units of 1,950 square feet Total 39 housing units Rental income projection As-Is: While you entitle property for residential development, you can use the existing 40,000 building for your office. If not, you could rent it at $1.95/SF NNN Triple net x 40,000= $78,000/month Plus bonus income from two cellular sites $8000/month