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
268
Last Updated
Property Type
Multiple Dwellings / Structures
Square Ft.
938
Lot Size
0.72 Acres
Year Built
1898
MLS Number
ML82014259
30 Days Snapshot Of 95116
$1.04M
+18%
(avg) sold price
6
-40%
homes sold
24
-36%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 31349.00, Max Area Units: Square Feet
Accessibility Features
None
Amenities
Security Gate
Building
Built in 1898, 2 buildings, Craftsman, 938 structure square feet
Roof
Shingle
Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
Sewer
Sewer - Public, Sewer Connected
Security Features
Security Lights
Heating
Wall Furnace
Cooling
Ceiling Fan
Floors
Laminate
Foundation
Foundation Pillars
Kitchen
Countertop - Laminate, Oven - Gas, Oven Range - Gas
Laundry
Hookups Only
Water Features
Individual Water Meter, Water On Site
Parking
100 parking spaces
Miscellaneous
Vacancy factor: 0
Tenant Pays
Utilities - Electric, Utilities - Gas, Utilities - Water
Property
City Lights, Downtown, Back Yard, Balcony / Patio, Low Maintenance, Storage Shed / Structure
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