List Price: $3M

Listing Status: Active

Days on Market: 5

4 Bedrooms · 3 Bathrooms · 1,525 sq ft

Property Type: Residential

Year Built: 1951

Lot Size: 19,000 sq ft

Garage Spaces: 8

MLS Number: ML82049185

About This Property

Opportunities like 715 Cambrian Drive don't come along often. Situated on one of the largest single parcels in the Campbell Village Neighborhood Plan area, this 19,000+ square foot lot offers what savvy investors are actively searching for immediate development rights under current law, with significant optionality on the horizon. Under today's rules, no variances, no waiting, the site supports two primary dwellings (side-by-side homes or a duplex) plus ADUs, delivering a potential income-producing portfolio on a single title. But the real story is what's coming. On the City Adjenda to be heard July 7th is an ordinance to modify subdivision standards for irregular lots. If adopted, this parcel which already meets the minimum size and frontage thresholds under SB 9 / SB 450 may qualify for an urban lot split into two independent legal parcels, each eligible for its own set of primary dwellings and ADUs. You may even want to consider this as your own family compound* It currently has the main house, 3 two car garages in the very back, a 2 car garage up front with a large bonus room/bath/bar*Campbell's top-rated schools, quiet neighborhood streets, and proximity to downtown make this a place families genuinely want to put down roots

Listing provided by: Kristen Constantino DRE #00914309 408-978-5300 kckristen21@gmail.com, Realty World-S.J.R.-Constantino Team

Source: CRMLS, MLS #: ML82049185

Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.