Upgraded Four-Unit
For Sale
Under Contract
$1,895,000
35 Lavonne DR, Campbell, CA 95008
Residential Income (2-4 units), CAMPBELL, CA
Property Size3,535 SF
Lot Size0.19 Acres
Price / SF$536.07
Days on Market49
Property Features for 35 Lavonne DR
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
7
Rooms
Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 7, Bedroom 6, Bedroom 4
Parking
5
Parking features
Assigned, Garage - Attached
Fireplace
1
Appliances
Cooktop - Electric, Countertop - Granite, Countertop - Solid Surface / Corian, Countertop - Stone, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator
Subdivision
Campbell
Standard status
Active Under Contract
Size
3,535 SF
Lot size
0.19 Acres
Utilities
Heating system
Fireplace(s), Forced Air, Wall Furnace
Cooling system
Wall Unit(s)
Water source
Public
Amenities
remodeled kitchens
modern finishes
durable laminate flooring
partial copper piping
dual-pane windows
automatic garages with touchpad entry
coded security gate
Building Details
Year built
1963
Number of units
4
Flooring type
Tile, Laminate, Linoleum
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
SiliconValley MultiFamilyGroup
(408) 356-1900
Listed By:
Michael Shields · License #01327546
(408) 356-1900
Added: Jul 16
Changed: Aug 20
Last Checked: Sep 2 at 2:06AM
MLS# ML82051122
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 3,535 square feet on a 0.1851-acre lot and was built in 1963. The unit mix includes one 3-bedroom, 2-bath residence, two 1-bedroom, 1-bath residences, and one 2-bedroom, 1-bath residence. Interior improvements include remodeled kitchens, modern finishes, and laminate flooring in select units. Unit 1 includes two garages.
Property-wide features include partial copper piping, dual-pane windows, automatic attached garages with touchpad entry, and a coded security gate. Additional building details include wood-frame construction, a shingle roof, wall-unit cooling, forced-air and wall-furnace heating, fireplaces, and public water service. The property is zoned R-2.
The address is 1.4 miles from downtown Campbell, with access to major commuter routes and employment centers. Los Gatos Creek Trail and local parks are also nearby.
Property-wide features include partial copper piping, dual-pane windows, automatic attached garages with touchpad entry, and a coded security gate. Additional building details include wood-frame construction, a shingle roof, wall-unit cooling, forced-air and wall-furnace heating, fireplaces, and public water service. The property is zoned R-2.
The address is 1.4 miles from downtown Campbell, with access to major commuter routes and employment centers. Los Gatos Creek Trail and local parks are also nearby.
Key Highlights
- Four‑unit property with a 3,535‑square‑foot building on 0.1851 acres
- Unit mix includes 1 3bd/2bath, 2 1bd/1bath, and 1 2bd/1bath
- Unit 1 includes 2 garages
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,803
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,576,060
$1.6M
Cap Rate 7%
$1,125,757
$1.1M
Cap Rate 9%
$875,589
$875.6K
Market Conditions
NOI Build-Up for 3,535 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$118.8K $33.60/SF
− Vacancy
−$6.2K −$1.75/SF
EGI
$112.6K $31.85/SF
− OpEx
−$33.8K −$9.55/SF
NOI
$78.8K $22.29/SF
Area
Santa Clara County, CA
Vacancy
5.22%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,576,060
Cap Rate 7%
$1,125,757
Cap Rate 9%
$875,589
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$985.0K – $1.31M
NOI $78,803 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$959.9K
$839.9K – $1.12M
NOI $67,193 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$2.13M
$1.87M – $2.49M
NOI $149,389 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
Explore this area
Business Placement
Demographics for 95008, CA
49,038
Population
20,013
Households
2.5
Avg Household Size
39
Median Age
59%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
7,544
Density / Sq Mi
$142,841
Median Household Income
$84,022
Median Earnings
$2,694
Median Rent
$1,578,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained multifamily property with varied unit layouts, attached garages, gated entry, and updated interior finishes.
Where is this quadplex located?
The property is located at 35 Lavonne DR Campbell, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Four‑unit property with a 3,535‑square‑foot building on 0.1851 acres; Unit mix includes 1 3bd/2bath, 2 1bd/1bath, and 1 2bd/1bath; Unit 1 includes 2 garages
