Property Overview:
1005 Ravenscourt Ave is a multi-family home in Campbell, CA 95008, built in 1962. The property features 8 spacious two-bedroom/one-bathroom units with a total of 6,656 sq. ft. of living space on a 0.37-acre (14,000 sq. ft.) lot. Each unit includes air-conditioning and a large backyard or balcony. Additional amenities include dual-pane windows, carports, on-site laundry, and a parking garage.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 8.1% (lower than state average of 11.8%).
- Property crime risk: 8.4% (lower than state average of 10.8%).
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Schools:
Nearby schools include Castlemont Elementary, Monroe Middle, and Del Mar High.- Average SAT score: 1038 (higher than state average of 975).
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Job Market:
- 67.8% white-collar jobs, 32.2% blue-collar jobs.
- Unemployment rate: 2.5% (lower than state average of 4.7%).
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Demographics:
- Community population: 47,039 (9% growth since 2000).
- 60% families with children.
- Largest age groups: 25-34 years (15.96%), 35-44 years (16.3%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 44.2°F (January), 79.6°F (July).
- Average rainfall: 20.8 inches/year.
- Average snowfall: 0.1 inches/year.
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Cost of Living:
- Median household income: $74,299.
- Average annual spending: $56,334.
Property Features:
- 8 two-bedroom/one-bathroom units with air-conditioning.
- Large backyard or balcony for each unit.
- Dual-pane windows, carports, and on-site laundry.
- Parking garage and fireplace.
- Corner parcel with easy access to Highway 17.
- High occupancy rates and strong tenant demand.
- 10 minutes to downtown Campbell, the Pruneyard, and Santana Row.
Location Benefits:
- Prime investment opportunity in the heart of Silicon Valley.
- Close to major tech companies and public transportation.
- Nearby parks: Campbell Park, Edith Morley Park, Los Gatos Creek Park.
- Convenient to shopping, dining, and entertainment (grocery stores, coffee shops, restaurants).
- Ideal for steady rental income and long-term appreciation.