Premier 27-Unit Development Opportunity in the Heart of San Jose
Market Price
1966 Almaden Road, San Jose, CA 95125
44,188 sqft
Building Size
0.29 acres
Lot Area
Details:
Highlights:
- Entitled / Advanced Stage Multifamily Development Opportunity
- Urban Residential Zoning
- Supported by high household incomes, a highly educated workforce, robust employment growth, and limited housing supply.
- Major employment and economic drivers include leading technology companies such as Apple, Google, Adobe, Cisco, Nvidia, PayPal, eBay, and Zoom.
Description:
Exceptional opportunity to acquire a prime **12,426± SF (0.29± acre)** property in the heart of San Jose with outstanding redevelopment potential. Ideal for developers, investors, or owner-users, the site offers opportunities to build a custom home, renovate the existing residence, generate rental income, or develop multifamily housing. The property includes plans for a proposed **5-story, 27-unit apartment community** totaling approximately **44,188± SF**, featuring one- and two-bedroom units, 31 structured parking spaces, rooftop amenities, EV charging, bicycle parking, elevator access, and modern design. The seller has completed extensive architectural, engineering, environmental, transportation, and entitlement-related work, representing significant time and cost savings. Conveniently located near Downtown San Jose, Willow Glen, major freeways, employment centers, shopping, dining, parks, and public transit.
Documents:
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Offering Memorandum
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Location
Gallery
