

Listed by Bay East Brokers Inc
$1,899,000
Premier 27-Unit Development Opportunity in the Heart of San
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 44,188
Units 27
Stories 5
Acreage 0.290
Zoning Urban Residential
Parking Spaces 31 spaces
Parking per 1,000 SqFt 0.70
Investment Type Redevelopment
Premier Multifamily | 27 Units Development Opportunity in San Jose, CA
Marketing description
Premier 27-Unit Development Opportunity in the Heart of San Jose at 1966 Almaden Road, San Jose, CA 95125 offers a rare chance to acquire an advanced-stage multifamily development site in one of Silicon Valley’s most desirable residential corridors. Plans call for a striking 5-story contemporary apartment community totaling approximately 44,188 SF of gross building area on a 12,426 SF site, with 27 proposed residences including 7 one-bedroom and 20 two-bedroom units.
Designed for today’s urban renter, the project features 31 proposed parking spaces, EV charging infrastructure, bicycle parking, elevator service, a controlled-access garage, and a rooftop amenity deck. The seller has already completed extensive pre-development work, including architectural, civil, landscape, MEP, environmental, transportation, and other key entitlement-related studies—significantly reducing time, cost, and execution risk for a future developer.
Ideally located in the Willow Glen / Central San Jose area, the property provides excellent access to Downtown San Jose, major highways 87, 85, 280, and 101, leading Silicon Valley employers, and abundant retail, dining, and entertainment amenities. A compelling opportunity in a high-demand market with strong incomes, employment growth, and limited housing supply.
Investment highlights
- Entitled / Advanced Stage Multifamily Development Opportunity
- Urban Residential Zoning
- Supported by high household incomes, a highly educated workforce, robust employment growth, and limited housing supply.
- Major employment and economic drivers include leading technology companies such as Apple, Google, Adobe, Cisco, Nvidia, PayPal, eBay, and Zoom.
- High household incomes
- Strong employment growth
- Limited housing supply
- Highly educated workforce
- Excellent regional transportation connectivity
Listing Contacts


Listed by Bay East Brokers Inc
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Zoning
UR ResidentialMulti FamilyUrban Residential
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