935 S San Tomas Aquino Road, Campbell, California 95008, Campbell, - bed, bath

home-pic
ACTIVE$2,300,000
935 S San Tomas Aquino Road, Campbell, California 95008
1Bed
1Bath
884Sqft
16,500Lot
Year Built
1940
Close
-
List price
$2.3M
Original List price
$2.3M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82025929
Home ConditionTear down
Features
View-

About this home

Prime Development Opportunity on this 16,500 square foot flat rectangular lot in a fantastic Campbell neighborhood bordering Los Gatos and just minutes away from vibrant Downtown Campbell. This property offers excellent potential to developers, investors and builders looking for a rare opportunity in one of Silicon Valley's most promising pockets. Build your own single family dream home with all the bells and whistles, OR build TWO single family homes along with two ADU's with a total of approximately 7,200 Square Feet, OR potentially build eight units through the new "Starter Home Project". Close to Los Gatos Creek County Park, Jack Fisher Park & highly sought after schools: Forest Hill Elementary, Rolling Hills Middle & Westmont High. and easy commute routes to San Tomas Expressway, 17/880 & 85. County records show 1 bedroom/1bath/884SF w/ 400SF garage. This property currently has three bedrooms, two baths, separate family room plus garage although the value is in the land. You'll never find another one like it!

Price History

Date
Event
Price
10/24/25
Listing
$2,300,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (71 Listings)
Beds13
1%
Baths12
6%
Square foot8841,665
3%
Lot Size16,5006,600
99%
Price$2.3M$2.05M
69%
Price per square foot$2,602$1,202.5
97%
Built year19409810981
3%
HOA
Days on market12139
1%
Condition Rating
Tear down

The property was built in 1940, making it 84 years old. The listing description explicitly states that 'the value is in the land' and promotes it as a 'Prime Development Opportunity' for new construction, implying the existing structure is not considered a primary asset. The complete absence of interior photos, particularly of the kitchen and bathrooms, further suggests that the current dwelling is in very poor condition, unlivable, or not intended for continued use, aligning with the criteria for a tear-down property where value is solely based on the land.
Pros & Cons

Pros

Prime Development Opportunity: The property is explicitly marketed as a 'Prime Development Opportunity' with potential for building multiple single-family homes, ADUs, or up to eight units via the 'Starter Home Project', offering significant upside for developers and investors.
Large, Flat, Rectangular Lot: A substantial 16,500 square foot, flat, and rectangular lot provides an ideal canvas for various development projects, maximizing usable space and simplifying construction.
Premium Silicon Valley Location: Situated in a 'fantastic Campbell neighborhood bordering Los Gatos' and 'minutes away from vibrant Downtown Campbell', placing it in one of Silicon Valley's most desirable and promising pockets.
Top-Rated School District: Located within the highly sought-after school district, including Forest Hill Elementary, Rolling Hills Middle, and Westmont High, which significantly enhances its appeal to families and future residents.
Excellent Commuter Access: Offers easy access to major commute routes such as San Tomas Expressway, 17/880, and 85, crucial for residents working in Silicon Valley.

Cons

Condition of Existing Structure: The 1940-built, 884 sqft home is likely a tear-down, as the description states 'the value is in the land', implying additional costs for demolition and site preparation before any new construction can begin.
High Capital Requirement: The $2.3 million list price is for the land alone; significant additional capital will be required for design, permitting, and construction of any new development, making it a substantial overall investment.
Development Complexity & Time: While offering great potential, navigating the complexities of zoning, permits, and construction for multi-unit or custom home projects can be a lengthy and challenging process, requiring specialized expertise and patience.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State