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Property profile & analytics
OFF-MARKET Estimated value $1,885,000
Apartment buildings

2856 Joseph Ave Campbell, CA 95008-6242

5,152 SF 0.21 ac lot Built 1963
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US09-0860029
Property summary
AI-generated overview

This exceptional 5,152 square foot commercial property, situated on a 0.2-acre lot at 2856 Joseph Avenue in Campbell, CA, presents a compelling investment opportunity. Its prime location offers easy access to the vibrant Bascom Avenue shopping district, the popular Pruneyard shopping center, and the charming downtown Campbell area, ensuring high visibility and strong tenant demand. The property currently boasts a stable roster of long-term tenants, minimizing vacancy risks and providing a consistent income stream. Should any units become vacant, the property's desirable location ensures rapid re-leasing. The building's 5,152 square feet offer ample space for a variety of commercial uses, making it an adaptable and versatile investment. The 0.2-acre lot provides ample parking and potential for future expansion or development. This property represents a rare chance to acquire a well-located, income-producing commercial asset in a thriving California market. The asking price of $2,300,000 reflects the property's strong potential for both immediate returns and long-term appreciation. Serious inquiries are encouraged.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1963
Construction WOOD
Total area 5,152 SF
Lot 0.21 ac (9,100 SF)
Zoning code RM
APN 414-05-007
UPID US09-0860029
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.51M
Comparable Approach Comparable
$1.84M
Blend (final) Blend
$1.89M
Owner & transaction history
Carlos Padilla · 1 yrs held
Carlos Padilla
since 2025
Last sale
$2.1M
7 recorded transactions
2025
$2.1M
2016
Price N/A
2011
$1.1M
2007
$1.1M
2004
$2.1M
2003
Price N/A
1999
$650,000
Zoning & alternative use
RM · Campbell, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $3.0M +39.5%
Retail stores $2.3M +9.5%
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