$1,695,000
Prime Development Opportunity- East San Jose. Rare 0.57-acre corner lot at a T-intersection, zoned Neighborhood Commercial (CN) and designated as an Opportunity Site (OS). County allows multifamily, apartment, and condominium development. The existing single-family home (3 bed, 1 bath, 966 sq ft) is grandfathered and rented at $4,000/month, providing income during planning and entitlement. The site may support up to 45 units, with potential for a 4-6 story building (subject to approvals). City of San Jose supports annexation upon development. A rare opportunity for builders and investors to capitalize on San Jose's growing housing demand.
Listed by Tammie Trinh with Momentum Realty
Property Type
Land
Status
Active
MLS Number
ML82025386
Year Built
N/A
Lot Size
0.57 acres
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