Property Overview:
36 E Latimer Ave is a condominium townhouse in Campbell, CA, built in 1982. It features 2 bedrooms, 2.5 bathrooms, and 1,328 sq. ft. of living space. The home includes a 2-car oversized attached garage, fireplace, central A/C, and a new HVAC system (2023). The estimated home value is $1,158,000. Currently, the property is tenant-occupied with rent at $1,400/month (month-to-month lease), making it a great 1031 exchange opportunity.
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 Campbell Distance Learning, Monroe Middle, and Del Mar High.- Average SAT score: 1038 (531 Math, 507 English) — above 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 group: 35-44 years (16.3%), followed by 25-34 years (15.96%)
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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:
- Spacious 2-story townhouse with a single-family home feel
- Bright, open living room with expansive sliders to the front deck
- Updated kitchen with stone countertops, ample cabinet space, and eat-in breakfast bar
- Formal dining room and corner gas fireplace
- Fresh paint and custom installed shutters
- Two primary suites upstairs, each with attached bathrooms
- Larger suite features a walk-in closet and newly renovated shower
- Convenient half bath on the main floor
- Central A/C and new HVAC system (2023)
- 2-car attached garage
- Low HOA fees
- Only two blocks from Downtown Campbell, the Community Center, and easy freeway access
Location Benefits:
- Prime location near historic downtown Campbell
- Walkable to shops, dining, and community amenities
- Commuter-friendly with quick access to local freeways
- Perfect for investors (tenant willing to stay) or owner-occupants
- Low-maintenance lifestyle with low HOA fees