1429 Westmont Ave, Campbell

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• Build-for-Sale

• Cosmetic Develop and Resale

• 6 New Single-Family Houses

• 2 Years Cycle

$ 3.3 million market value (each house) base on comps:
 

• Kenneth Street, 479 Campbell

• Campbell15821 Summerfield DR, 

• Campbell108 Hickory, 

• Campbell880 Harriet Ave, 

• 286 Harrison Ave, Campbell

Our Project
 

Westmont Project CLOSED

About the Project
 

The Westmont Project is a new construction and development project consisting of subdividing the current xxx lot into six new single-family houses. The entitlement and construction map was approved for six single-family residences, which are over 2500 square feet, including a 420 sq. ft. garage. Amazing development opportunity in the quaint San Tomas area of Campbell. All units can be added for a higher return. Campbell location is highly desired, with easy access to Westgate shopping area, Campbell downtown, and parks.

Comparable Houses Sold Recently
 

479 Kenneth St, Campbell, CA 

Sold Date: May 24, 2021

Sold Price: $ 3,355,000

Lot Size: 8447 sq.ft.

200 Haymarket Ct, Campbell, CA

Sold Date: Feb 11, 2021

Sold Price: $ 2,998,000

Lot Size: 6744 sq.ft.

1582 Summerfield Dr, Campbell. CA

Sold Date: Sep 3, 2021

Sold Price: $ 3,075,000

Lot Size: 8480 sq.ft.

108 Hickory, Campbell, CA

Sold Date: Jan 31, 2021

Sold Price: $ 3,299,950

Lot Size: 10,035 sq.ft.

Overview Transactions

TIMELINE

• Q3 2021: Property Acquired

• Q3 2021 - Q4 2022: Processing of Addition Entitlements (PD Amendment, Improvement Plans, Building Permits)

• Q4 2022: Anticipated Start of Construction & Potential Pre-Sale Opportunities

• Q4 2023: Sales, and Exit from Investment

• Estimated Annual Return: 15% to 21%