Development Opportunity | 10 Custom Single Family Residential Lots

5827 Brasilia Way, San Jose, CA

Market Price

Price

Multifamily

Development Type

7.94 acres

Lot Area

Overview
Development Type
Multifamily
Lot Area
7.94 acres
Zoning
Single Family Planned Development (PD)
Description

BEI Commercial, as exclusive broker, is pleased to offer for sale 5827 Brasilia Way (“the property”) located in San Jose’s desirable Almaden Valley neighborhood.

■ Development-ready
With the Brasilia Way development plan, approved Tentative Map and completed construction drawing for each lot, a developer can immediately submit plans to the City of San Jose for building permits.

■ Ten homes
Surrounded by permanent private open preserve

■ Scenic Views
This unique property provides picturesque views of Almaden Lake and the Quicksilver County Park

■ Ideally Located
The property is located in San Jose, California, the “Capital of Silicon Valley.” While the surrounding area offers a wonderful natural setting, the property is also conveniently close to downtown San Jose. Exciting growth within the downtown corridor is in progress with the creation of Google Village, a transit-oriented development of housing, retail and office space. In addition to the Google development, many other projects are being pursued in the Diridon Station Plan Area and surrounding Downtown neighborhoods. Employee projections are 20,000+ individuals within two million sq. ft of planned development.

■ Cutting Edge Transportation Hub
To meet the demands of expected growth within the area, the downtown San Jose’s Diridon Station will be redesigned. California High-Speed Rail, Bay Area Rapid Transit (BART), and electrified Caltrain service will join existing commuter rail, VTA light rail, and bus services. When completed, Diridon Station will be the largest transportation hub on the West Coast.

■ Intense need for housing
Fueled by new development and employment opportunities, population in San Jose is projected to grow by 300,000+ in the next ten years. While many multi-family projects are either underway or planned, the number of single-family home projects are almost nonexistent, resulting in pent-up demand and a robust market for this housing product.

■ SJ designated as the nation’s hottest housing market in 2018 & 2019
Zillow based its projections on six factors: home value and rent forecasts, income growth, population growth, unemployment rates and the number of job openings per person.

Highlights
  • A Gated Community
  • 10 Custom Single Family Residential Lots
  • 7.94 Acres
  • Located in the Desirable Almaden Valley Neighborhood of San Jose
Documents
Title
Offering Memorandum
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Location
Gallery