Santa Clara County · Campbell
1236 W Hacienda Ave
Entitlement advanced
Campbell
Townhome
Strategy / Product Type
New-build attached townhomes, 8 units (7 market rate + 1 deed-restricted). Asking $3,600,000 (reduced from $3,899,000). Base supported land $2.74M, base project value $12.46M.
Concept Units / Entitlement Direction
8-unit, 8-lot small-lot subdivision processed under SB 684. Two 3-story Type V-B buildings with tuck-under 2-car garages off a central fire lane on Burrows Road. 7 market-rate townhomes (1,712 to 2,276 sf, 3 to 4 BR) plus 1 deed-restricted moderate-income flat (499 sf).
Development Thesis
Base supported land $2.74M ($343K per door) vs $3.60M ask. Base project value $12.46M before build costs, soft costs, financing, and developer profit.
Highest & Best Use
New-build attached townhome subdivision, entitlement advanced (verification pending).
Buyer Considerations
Confirm jurisdictional entitlement path, density bonus eligibility where applicable, infrastructure capacity, and design parameters before LOI.
Risks / Caveats
Entitlement advanced but verification pending. Approved design relies on front, rear, and side setback waivers that form part of the entitlement package; 8-unit layout is buildable as drawn only if waivers are confirmed granted. Seller represents the project as ready to pull demolition permits; confirm against City of Campbell permit record.
Skyeforge Take
Base supported land $2.74M ($343K per door) vs $3.60M ask. Base project value $12.46M before build costs, soft costs, financing, and developer profit. Suitability as a Skyeforge demonstration site depends on entitlement clarity, schedule, and adjacency to the visibility corridor.