Project

1429 Westmont Ave, Campbell
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Build-for-Sale
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Cosmetic Develop and Resale
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6 New Single-Family Houses
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2 Years Cycle
Estimated Value
$ 3.3 million market value (each house) base on comps:
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Kenneth Street, 479 Campbell
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Campbell15821 Summerfield DR,
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Campbell108 Hickory,
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Campbell880 Harriet Ave,
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286 Harrison Ave, Campbell
Our Project
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
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Q3 2021: Property Acquired
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Q3 2021 - Q4 2022: Processing of Addition Entitlements (PD Amendment, Improvement Plans, Building Permits)
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Q4 2022: Anticipated Start of Construction & Potential Pre-Sale Opportunities
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Q4 2023: Sales, and Exit from Investment
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Estimated Annual Return: 15% to 21%