Prime investment, rare opportunity in beautiful San Jose's Downtown to redevelop an approximately 0.72-acre parcel (APN 467-30-054) zoned R3. There are 2 remodeled units, along with a small warehouse that can also be rented out while drawings and the project are underway. Recently entitled Stamp Survey Map and Feasibility Study,… Read More and suggested SB 10 or SB 330 HOUSING PROJECT PRELIMINARY. * Possible plan of up to 21-30 units (city-approved density of 30 units/acre) to be built out through the city due to the housing shortage. SB 330 is a Faster Project Approval: The streamlined review process and limitations on new regulations can lead to faster project approvals, reducing the overall time it takes to get a housing development project off the ground. This property is a straightforward project. * Located in the San Jose Downtown area with easy access to numerous amenities, San Jose State University, A 1-minute walk to Santa Clara St, the surrounding area consists of retail businesses and public transportation within walking distance. Near Downtown San Jose, the 101 freeway, and Google's planned Downtown. Don't miss a great opportunity to help our beautiful city with its housing shortage and make a lifetime investment. Read Less
Courtesy of KW Silicon City, Ernesto Martinez 408-420-5268
Listing Snapshot
Days Online
327
Last Updated
Property Type
Residential Development Land
Lot Size
0.72 Acres
MLS Number
ML82012297
30 Days Snapshot Of 95116
$1.03M
+17%
(avg) sold price
7
-22%
homes sold
23
-39%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 31349.00, Max Area Units: Square Feet, 0.71967401285583 lot acres, Grade - Level, Grade - Mostly Level, Possible Lot Split, Surveyed
Property Access
Accessible, City Street, Paved Road
Property
Zoning: R3, Present use: Multi-Family, Single Family, View: City Lights, Other
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