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Opportunity for investors, builders, and developers! Discover 1551 Walters Avenue, an approximately 15,360 sq ft residential property in Campbells established San Tomas neighborhood with significant potential to reimagine the site. The existing five-bedroom, 3.5-bath split-level home is offered as-is, creating multiple paths forward: renovate the existing residence, explore an SB-9 lot split for two homes, or investigate the potential for a small-scale multi-unit development of up to 10 units under SB-1123, subject to applicable requirements and buyer verification. The substantial lot, desirable West Valley location, and range of potential development strategies make this an opportunity worth exploring. Minutes to Downtown Campbell, The Pruneyard, parks, trails, shopping, and dining, with convenient access to San Tomas Expressway, Highways 17 and 85, and Interstate 280. Unlock the potential of this substantial Campbell property and envision what could be created here.
Listing agent: Brett Jennings DRE #01761522 brett@therealexperts.com, Listing office: Real Estate Experts ERA Powered
MLS data updated 10/25/2026, 2:00:34 AM PT
Source: CRMLS, MLS #: ML82063487
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 16, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$2,888,888Asking price recorded · Oct 16, 2026ZIP 95008 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.