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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

Listed by Harmit S Toor • Bay East Brokers, Inc

$1,899,000

Est. payment - /mo

3 Beds

2 Baths

1,606 SqFt

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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,606 sqft

Price per Sqft $1,182

Subdivision Almaden

MLS Listing ID 41141120

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1950

Lot Size 0.285 Acres

Property Sub-Type Detached

Source BAY EAST

Property Description

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 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.

Location

State CA

County Santa Clara

Interior

Heating Forced Air

Cooling Other

Flooring Tile

Fireplaces Number 1

Fireplaces Type Living Room

Fireplace Yes

Appliance Free-Standing Range

Laundry Laundry Room

Exterior

Garage Spaces 2.0

Pool None

Private Pool false

Building

Lot Description Back Yard, Front Yard

Story 1

Water Public

Architectural Style Ranch

Others

Special Listing Condition Standard

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Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

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1966 Almaden Rd San Jose, CA 95125

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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