REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

$ 3,250,000

Est. payment | -/mo

938 SqFt

Save

$ 3,250,000

Est. payment | -/mo

Save

938 SqFt

Key Details

Property Type Other Types

Sub Type Multiple Dwellings / Structures

Listing Status Active

Purchase Type For Sale

Square Footage 938 sqft

Price per Sqft $3,464

Lot Size 0.720 Acres

MLS Listing ID ML82014259

Style Craftsman

Property Description

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, 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.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning R3

Rooms

Kitchen Countertop - Laminate, Oven - Gas, Oven Range - Gas

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Flooring Laminate

1-purchase type For Sale

Exterior

Exterior Feature Back Yard, Balcony / Patio, Low Maintenance, Storage Shed / Structure

Garage Common Parking Area, No Garage, On Street, Parking Area, Room for Oversized Vehicle, Workshop in Garage

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

View City Lights, Downtown

Roof Type Shingle

Building

Lot Description Grade - Level, Private / Secluded, Surveyed

Story 1

Foundation Foundation Pillars

Sewer Sewer - Public, Sewer Connected

Water Individual Water Meter, Water On Site

Story 1

Others

Tax ID 467-30-0540

Miscellaneous Security Gate

Security Features Security Lights

Horse Property No

Special Sale Not Applicable

Listed by Ernesto Martinez of KW Silicon City
Bought with Ernesto Martinez of KW Silicon City

850 Calhoun ST San Jose, CA 95116