991 Ravenscourt Avenue , Campbell , CA 95008; Multifamily Properties For Sale; A-1 in Santa Clara County
No. Units： 16
Building Size： 13,312 SF
Lot Size： 0.66 AC
Property Type： Multifamily
Property Sub-type： Garden/Low-Rise
No. Stories： 2
Year Built： 1962
991 Ravenscourt is a garden-style apartment complex with sixteen units, all two-bedroom apartments, built in 1962. The four buildings are all two-stories, constructed of wood frame stucco with a composite pitched shingles roof. On-site amenities include laundry rooms, beautiful courtyards with mature landscaping and private gates. There is ample carport parking, several uncovered parking spaces and no under-the-building parking. There have been numerous updates to the property: new private gates, new parking spaces, new facade paint, new fencing, and numerous interior upgrades to the units. There is significant upside to investors through raising current rents at the property to market. There may be additional value add potential in instituting a RUBS program.
991 Ravenscourt is located just north of Downtown Campbell. The property benefits from easy access to the Pruneridge Shopping Center, Downtown Campbell, San Jose Airport, Santana Row and Downtown San Jose through Highways 17, 280 and 880. 991 Ravenscourt is a rare opportunity to acquire a well-located apartment building with significant upside.