Three-Unit Residential
For Sale
$1,988,888
381 North Leigh AVE, Campbell, CA 95008
Two primary residences and a permitted accessory dwelling unit provide three distinct living spaces.
Property Size8,081 SF
Price / SF$246.12
Days on Market46
Property Features for 381 North Leigh AVE
General Information
Standard status
Active
Size
8,081 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
2 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Building Size
8,081 SF
Year Built
1955
Listing Agency:
Intero Real Estate Services
Listed By:
Carlos Pompa · License #02162281
(669) 254-9671
Source:
Metisre
Added: Sep 17
Changed: Oct 26
Last Checked: Oct 31 at 3:20PM
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
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Investment Insights
Based on property information with market context.
This residential income property in Campbell contains two main units, each with 2 bedrooms and 2 bathrooms, plus a permitted accessory dwelling unit with 1 bedroom and 1 bathroom. The property offers 1,898 square feet across the two primary units and an additional approximately 508 square feet in the ADU. Built in 1955, the property occupies an 8,081-square-foot site.
The Campbell location is close to shopping, dining, parks, schools, and major Silicon Valley employment centers.
The Campbell location is close to shopping, dining, parks, schools, and major Silicon Valley employment centers.
Key Highlights
- Two main units, each with 2 bedrooms and 2 bathrooms
- Permitted ADU adds approximately 508 sq. ft. with 1 bedroom and 1 bathroom
- 1,898 sq. ft. across the two main units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$180,144
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,602,880
$3.6M
Cap Rate 7%
$2,573,486
$2.6M
Cap Rate 9%
$2,001,600
$2.0M
Market Conditions
NOI Build-Up for 8,081 SF
Gross rent
$271.5K $33.60/SF
− Vacancy
−$14.2K −$1.75/SF
EGI
$257.3K $31.85/SF
− OpEx
−$77.2K −$9.55/SF
NOI
$180.1K $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 Rate 5%
$3,602,880
Cap Rate 7%
$2,573,486
Cap Rate 9%
$2,001,600
Alternative Uses
Best Use
Multifamily LT 5
$2.57M
$2.25M – $3.00M
NOI $180,144 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$2.19M
$1.92M – $2.56M
NOI $153,604 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$4.88M
$4.27M – $5.69M
NOI $341,504 @ 7.0% cap · market cap 17.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,539
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Two primary residences and a permitted accessory dwelling unit provide three distinct living spaces.
Where is this triplex located?
The property is located at 381 North Leigh AVE Campbell, CA.
What is the asking price?
The asking price for this property is $1,988,888.
What are key features of this property?
This property features: Two main units, each with 2 bedrooms and 2 bathrooms; Permitted ADU adds approximately 508 sq. ft. with 1 bedroom and 1 bathroom; 1,898 sq. ft. across the two main units
