Listed by Michael Shields, 408-356-1900 from SiliconValley MultiFamilyGroup
(If provided) CoList: from
Sold listing courtesy of Michael Shields from SVN
One single family house on a large 16,908 SF lot in San Jose. The property has a two bedroom, one bath house in the front and a 3-unit residential structure behind the house. There is also a work shed and a storage shed located on the property. The two bedroom house is approximately 1,225 SF in size-per county records. . In 2024 the property had a number of repairs and capital improvements in order to keep future expenses down. The property is an ideal asset for the investor looking for a long-term hold asset currently generating revenue to use as a "land-bank" for future development potential. The parcel is zoned as Mixed-Use Residential Character Area in the West San Carlos Urban Village Plan. The area is currently undergoing a renaissance of development with new mixed use and residential projects in the pipeline. Indeed, San Jose has more than 20,000 residential units currently in various stages of the development pipeline.
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