$1,610,000
$1,238,888
30.0%For more information regarding the value of a property, please contact us for a free consultation.
0.39 Acres Lot
SOLD DATE : 06/05/2023
Key Details
Sold Price $1,610,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81928702
Sold Date 06/05/23
HOA Y/N No
Lot Size 0.393 Acres
Property Description
Attention Developers:This exceptional property presents a rare & highly sought-after development opportunity.Boasting a contiguous 17,131sf parcel zoned RM;the site features superior street frontage & a range of site planning options suitable for various residential redevelopment opportunities,including (7) townhomes w/the potential for an additional (6),a multi-plex,lot sub-division,and/or affordable housing.The City of SJ has ratified the subdivision potential,confirmed by a letter.Adding to its appeal,the property has two existing water meters & PGE on-site,offering ease & convenience for any potential project.The site currently has a 2bed/2bath,1358 sf home w/a month-to-month renter & a 1bed/1-bath unit available for rental purposes.This provides an ideal opportunity for investors to generate income while completing the permit process.This exceptional development opportunity is prime for any investor/developer looking to capitalize on the robust residential real estate market in SJ
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM
Interior
Fireplace No
Exterior
Fence Chain Link, Wood
Utilities Available Natural Gas Available, Electricity Available
View Y/N No
Present Use Residential
Building
Lot Description Level
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Tax ID 601030700
Financing Cash
Special Listing Condition Standard
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Bought with Mona Wang • Paymon Real Estate Group