1420 W Latimer — Sale in Campbell, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Campbell, CA 95008

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Investment Figures

Cap rate
4.43%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

1420 W Latimer Avenue is a rare, well-maintained multifamily asset with exceptional unit diversity in a proven Campbell submarket. Built in 1969, this property includes three two-bedroom/one-and-a-half-bath units, one two-bedroom/two-bath unit, one two-bedroom/one-bath unit, and a standalone three-bedroom/two-bath home, all exceeding 1,000 square feet. On-site laundry and secure garage parking enhance resident value, while current ownership has maintained the property in good condition. The property operates at below-market rents in a supply-constrained rental market, creating significant upside potential for new ownership. Situated in a highly walkable Campbell neighborhood, residents enjoy immediate access to San Tomas Plaza for shopping and dining, the Pruneyard for upscale retail and restaurants, and Downtown Campbell for weekly farmers' markets and entertainment. Major employment corridors are easily accessible via San Tomas Expressway, Campbell Avenue, and Highway 280/17/85, connecting commuters to top Silicon Valley employers. The area attracts families, young professionals, and relocating tech workers, with excellent schools and strong household incomes supporting stable tenant demand. Campbell continues to earn recognition as one of the South Bay's most livable and economically robust communities, with a population of approximately 43,000 and median household incomes among the highest in the nation. The city's vibrant downtown district, featuring weekly farmers markets, a revitalized Pruneyard shopping center, and diverse local businesses, creates a high-quality residential environment that strongly supports multifamily investment performance. Campbell's strategic location at the heart of Silicon Valley positions it as an increasingly desirable destination for tech industry professionals and their families seeking quality suburban living. The city benefits from proximity to major employers including Apple, Google, eBay, and countless other firms, which driv

Market Context

This multifamily in Campbell, CA is listed for sale. It is offered at an approximate 4.4% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Campbell, CA — view the full market.

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