Project

1429 Westmont Ave, Campbell

  • Build-for-Sale

  • Cosmetic Develop and Resale

  • 6 New Single-Family Houses

  • 2 Years Cycle

Estimated Value

$ 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
 

City Sky

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 Ave, Campbell, CA.jpg

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.jpg

200 Haymarket Ct, Campbell, CA

Sold Date: Feb 11, 2021

Sold Price: $ 2,998,000

Lot Size: 6744 sq.ft.

1582 summerfield ave, campbell, ca.jpg

1582 Summerfield Dr, Campbell. CA

Sold Date: Sep 3, 2021

Sold Price: $ 3,075,000

Lot Size: 8480 sq.ft.

108 hickory, campbell, ca.jpg

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%