Bought with Mona Wang • Paymon Real Estate Group
$1,610,000
$1,238,888
30.0%For more information regarding the value of a property, please contact us for a free consultation.
17,131 SqFt
SOLD DATE : 06/05/2023
Key Details
Sold Price $1,610,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Square Footage 17,131 sqft
Price per Sqft $93
MLS Listing ID ML81928702
Sold Date 06/05/23
HOA Y/N No
Originating Board Datashare MLSListings
Lot Size 0.393 Acres
Property Sub-Type Unimproved Land
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
Interior
Fireplace No
Building
Lot Description Level, Regular
Water Public
Schools
School District East Side Union High, Alum Rock Union Elementary
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