$3,250,000

Estimated payment $21,252/month

Total Views 1,206
-- Bed
-- Bath
938 Sq Ft
$3,465 Price per Sq Ft

Highlights

  • Downtown View
  • Craftsman Architecture
  • Balcony
  • 0.72 Acre Lot
  • Secluded Lot
  • 2-minute walk to Roosevelt Park

About This Home

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.

Listing Agent

Ernie Martinez

KW Silicon City License #01957648 Listed on: 07/10/2025

KW Silicon City

Co-Listing Agent

Elizabeth Soto

KW Silicon City License #02191429

Property Details

Home Type

  • Multi-Family

Year Built

  • 1898

Lot Details

  • 0.72 Acre Lot
  • Secluded Lot
  • Level Lot
  • Grass Covered Lot
  • Back Yard

Home Design

  • Craftsman Architecture
  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 938 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Laminate Flooring
  • Downtown Views
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven
  • Laminate Countertops

Home Security

  • Security Lights
  • Security Gate

Parking

  • 100 Parking Spaces
  • No Garage
  • Workshop in Garage
  • Covered Parking
  • On-Street Parking

Outdoor Features

  • Balcony
  • Shed

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Community Details

  • 938 Sq Ft Building
  • CPI Adjustment

Property Details

Home Type

Multi-Family

Year Built

1898

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Multiple Dwellings / Structures
  • Style: Craftsman
  • Age: 127
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 938
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1898

Interior Features

  • Kitchen: Countertop - Laminate, Oven - Gas, Oven Range - Gas
  • Living Sq Ft: 938
  • Stories: 1
  • Security: Security Lights
  • Laundry: Hookups Only
  • Flooring: Laminate

Exterior Features

  • Foundation: Foundation Pillars
  • Roof: Shingle
  • View: City Lights, Downtown
  • Yard/Grounds: Back Yard, Balcony / Patio, Low Maintenance, Storage Shed / Structure
  • Construction Type: Brick (Reinforced), Wood, Wood Frame

Garage/Parking

  • Parking Spaces: 100
  • Garage Parking Features: Common Parking Area, No Garage, On Street, Parking Area, Room For Oversized Vehicle, Workshop In Garage

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Security Gate

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Description: Grade - Level, Private / Secluded, Surveyed
  • Lot Acres: 0.7197
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 31349.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 31349.00

Rental Info

  • Existing Lease Term(s): Building Vacant, Cpi Adjustment

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Income Includes: Land, Rv/Storage, Storage Area
  • Meters: Master Electric, Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 For Sale $2,700,000 +168.3% --
08/14/2024 08/14/24 Sold $1,006,450 +0.6% $1,073 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
04/17/2024 04/17/24 For Sale $1,000,000 -- $1,066 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML82014259

MLSListings

APN: 467-30-054