35 Lavonne Dr - Multi-Family FOR SALE


Campbell, CA 95008- West Campbell
$1,895,000 USD
408-356-1900
35 Lavonne Dr, Campbell, CA for Sale
$1,895,000 USD
Multi-Family - FOR SALE
1/16
null | 4.08% Cap Rate

35 Lavonne Dr
Campbell, CA 95008
West Campbell


HIGHLIGHTS

  • Updated Kitchens with Modern Finishes
  • Copper Piping, Dual-Pane Windows, Attached Garages
  • Close to Downtown Campbell, Commute Routes & Los Gatos Creek Trail

OVERVIEW

Located in the heart of Silicon Valley, 35 LaVonne Drive presents a rare opportunity to acquire a pride-of-ownership four-unit multifamily property in one of the most desirable rental markets in the region. Meticulously maintained and thoughtfully upgraded, this property combines strong in-place income with long-term upside, making it ideal for both seasoned investors and owner-users seeking quality, stability, and location. The property consists of four well-appointed units totaling 3,535 square feet on an 8,064 square foot lot, originally constructed in 1963 and carefully improved over time. There is an easement across the shared driveway. Each unit reflects a commitment to quality and tenant appeal, with remodeled kitchens, modern finishes, and durable laminate flooring in select units. Building- wide upgrades include copper piping, dual-pane windows, automatic garages with touchpad entry, and a coded security gate, enhancing both operational efficiency and resident convenience. Unit configuration is highly attractive and well-balanced. The standout 3-bedroom, 2-bath owner’s unit offers exceptional livability and flexibility, featuring a large atrium/sun room that fills the space with natural light and creates a unique indoor- outdoor feel rarely found in multifamily properties of this size. This unit also includes a remodeled kitchen and hallway bathroom, making it well-suited for an owner-occupant or as a premium rental. The remaining units include a 2-bedroom, 1-bath residence and two 1-bedroom, 1-bath units, all of which have been upgraded with remodeled kitchens and modern finishes. Current rents reflect strong and stable income in a highly desirable rental location. Complementing the interiors is a beautifully landscaped garden area, providing residents with a peaceful outdoor retreat and reinforcing the property’s pride-of-investment character. Ample garage parking and secure access further elevate the tenant experience and support long-term retention. The location is a defining feature of this offering. Situated just 1.4 miles from downtown Campbell, residents enjoy convenient access to a vibrant, walkable district known for its local restaurants, cafés, and community events. Campbell blends small-town charm with Silicon Valley connectivity, making it a highly sought-after place to live. Tree-lined neighborhoods, highly rated schools, and proximity to major commuter routes and employment centers drive consistent rental demand. The nearby Los Gatos Creek Trail and local parks add to the area’s lifestyle appeal, while excellent freeway access supports easy commutes throughout the region. With a population of 43,959 and more than 68% of residents reporting high satisfaction with their quality of life, Campbell continues to stand out as a resilient and desirable market. 35 LaVonne Drive offers investors a rare combination of location, condition, unit mix, and income stability—a compelling asset positioned for long-term performance in one of Silicon Valley’s most enduring rental environments.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$536 USD /SF

# OF UNITS

4

PRICE/UNIT

$473,750

CAP RATE

4.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,064 SF

ZONING

-

APN/PARCEL ID

307-50-059

ASK ABOUT THIS PROPERTY

Michael ShieldsSilicon Valley Multifamily GroupMore Info
408-356-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Michael ShieldsSilicon Valley Multifamily GroupMore Info
408-356-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.