Remodeled 4-Unit
For Sale
$2,100,000
205 Burnham Court, Campbell, CA 95008
Updated kitchens, bathrooms, electrical, and plumbing support four residential units with month-to-month leases.
Property Size3,136 SF
Price / SF$669.64
Days on Market91
Property Features for 205 Burnham Court
General Information
Standard status
Active
Size
3,136 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA, 3 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$23,301
Amenities
private yard
storage area
in-unit washers and dryers
large low-maintenance backyard
Building Details
Year Built
1963
Listing Agency:
Intero Real Estate Services
(650) 906-4854
Listed By:
Chaya Shahar · License #01507718
(650) 906-4854
Source:
Exitrealty
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 30 at 2:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Intero Real Estate Services
Investment Insights
Based on property information with market context.
Built in 1963, this four-unit residential property combines one ground-floor three-bedroom, two-bath residence with three one-bedroom, one-bath units. The larger home is approximately 1,000 square feet and includes a private yard, storage area, and attached garage. Each smaller residence offers approximately 700 square feet, with garage space on the first floor.
All four units have undergone remodeling that included electrical rewiring and repiping, along with kitchen and bathroom updates. In-unit washers and dryers, additional parking, and a sizable low-maintenance backyard add practical features for residents. The property is positioned in a quiet residential neighborhood with access to downtown Campbell, shopping, dining, and major commute routes. Current occupancy includes long-term tenants on month-to-month leases.
All four units have undergone remodeling that included electrical rewiring and repiping, along with kitchen and bathroom updates. In-unit washers and dryers, additional parking, and a sizable low-maintenance backyard add practical features for residents. The property is positioned in a quiet residential neighborhood with access to downtown Campbell, shopping, dining, and major commute routes. Current occupancy includes long-term tenants on month-to-month leases.
Key Highlights
- Four‑unit property with one 3‑bedroom, 2‑bath unit and three 1‑bedroom, 1‑bath units
- Larger residence measures approximately 1,000 sq. ft. and includes a private yard and attached garage
- Three smaller units offer approximately 700 sq. ft. each, with garages on the first floor
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
$69,909
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
3.33%
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%
$1,398,180
$1.4M
Cap Rate 7%
$998,700
$998.7K
Cap Rate 9%
$776,767
$776.8K
Market Conditions
NOI Build-Up for 3,136 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
$105.4K $33.60/SF
− Vacancy
−$5.5K −$1.75/SF
EGI
$99.9K $31.85/SF
− OpEx
−$30.0K −$9.55/SF
NOI
$69.9K $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%
$1,398,180
Cap Rate 7%
$998,700
Cap Rate 9%
$776,767
Alternative Uses
Best Use
Multifamily LT 5
$998.7K
$873.9K – $1.17M
NOI $69,909 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$851.6K
$745.1K – $993.5K
NOI $59,609 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,528 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
679
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 - Updated kitchens, bathrooms, electrical, and plumbing support four residential units with month-to-month leases.
Where is this quadplex located?
The property is located at 205 Burnham Court Campbell, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Four‑unit property with one 3‑bedroom, 2‑bath unit and three 1‑bedroom, 1‑bath units; Larger residence measures approximately 1,000 sq. ft. and includes a private yard and attached garage; Three smaller units offer approximately 700 sq. ft. each, with garages on the first floor
