Exceptional opportunity to acquire a highly desirable property in the heart of San Jose with multiple value-add possibilities. Situated on approximately 12,426± SF (0.29± acres), this versatile property is ideal for developers, investors, or owner-users. Whether you're looking to build a custom dream home on a spacious lot, renovate the… Read More existing residence, hold it as an income-producing rental, or pursue a multifamily development, this property offers outstanding flexibility and long-term upside. For developers, the property includes plans for a proposed five-story, 27-unit apartment community totaling approximately 44,188± SF of gross building area. The proposed project features a mix of one- and two-bedroom residences, 31 structured parking spaces, a rooftop amenity deck, EV charging infrastructure, bicycle parking, elevator access, a controlled-access garage, and contemporary architectural design. The seller has already invested significantly in advancing the project by completing and paying for numerous professional studies, engineering, and entitlement-related services, including architectural design, civil engineering, landscape architecture, joint trench design, construction cost analysis, underground utility locating, BOV services, MEP engineering, arborist report, architectural historian assessment, City of San Jose application and review fees, environmental analysis, Transportation Demand Management (TDM) Plan, and transportation analysis. This extensive due diligence and pre-development work represents substantial time and cost savings for a future buyer. Ideally located near Downtown San Jose, Willow Glen, Highways 87 and 85, major Silicon Valley employers, shopping, dining, parks, and public transportation, the property offers exceptional accessibility and is positioned within one of Silicon Valley's strongest residential markets. Buyer to independently verify all property information, zoning, development potential, permits, approvals, reports, plans, and the transferability and status of all development documents with the City of San Jose and the applicable consultants. Development plans and supporting documents are available upon request. Read Less
Property listed by Bay East Brokers, Inc, Harmit S Toor 925-202-7027
Listing Snapshot
Days Online
11
Last Updated
Property Type
SingleFamilyResidence
Beds
3
Full Baths
1
Half Bath
1
Square Ft.
1,606
Lot Size
0.29 Acres
Year Built
1950
MLS Number
41141120
Additional Details
Building
Built in 1950, Living area: 1606.0, Levels: One
Cooling
SeeRemarks
Fireplaces
LivingRoom
Floors
Tile
Garage
2 spaces
Heating
ForcedAir
Interior Features
EatInKitchen
Lot
0.2851 acres, BackYard, FrontYard, Yard
Parking
2 total parking spaces, Garage
Pool
None
Property
Other structures: Barns
Roof
Shingle
Taxes
Parcel Number: 45609005
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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