Prime Development Opportunity- East San Jose. Rare 0.57-acre corner lot at a T-intersection, zoned Neighborhood Commercial (CN) and designated as an Opportunity Site (OS). County allows multifamily, apartment, and condominium development. The existing single-family home (3 bed, 1 bath, 966 sq ft) is grandfathered and rented at $4,000/month, providing income during planning and entitlement. The site may support up to 45 units, with potential for a 4-6 story building (subject to approvals). City of San Jose supports annexation upon development. A rare opportunity for builders and investors to capitalize on San Jose's growing housing demand.
| MLS # | ML82025386 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 213 |
| Listing Provided By | Momentum Realty | Tammie Trinh |
| Zoning | CN-OS |
|---|---|
| Acreage | 0.57 |
| Fencing | Chain Link |
|---|
| Sewer | Public Sewer |
|---|
| State | CA |
|---|---|
| County | Santa Clara |
| City | San Jose |
| Zip Code | 95127 |
| Area | 699 Not Defined |
| Listing VS Median (in 95127) | |
Price: $1,695,000 low | high Med: $4,475,000 On site: 213 low | high Med: 181 | |
| State | CA |
|---|---|
| County | Santa Clara |
| City | San Jose |
| Zip Code | 95127 |
| Area | 699 Not Defined |
| Listing VS Median (in 95127) | |
Price: $1,695,000 low | high Med: $4,475,000 On site: 213 low | high Med: 181 | |
![]() | $2,998,000323 Gridley StreetSan Jose, CA 95127 |