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$1,199,000

20% Min Down
3 Bed
1 Bath
1,460 Sqft
$821 / Sqft
Listed 18 weeks ago, Built in 1902
Common Charges
No Data
Property Taxes
No Data
Mortgage
$5,091
Total Monthly Payment
$5,091
Est. Rental Income
$0
Cap Rate
No Data
Description
Split-zoned lot offers two contiguous parcels, multiple current use options, and possible future redevelopment opportunity! Immense lot with street access from both S 7th Street (front) and S 8th Street (rear). The parcel is currently split zoned according to City of San Jose Planning: CP (Commercial Pedestrian) on the front portion and R2 (Two-Family Residence) on the rear portion. The existing residence has a full basement and large detached garage. Both structures have previously been used as offices and the current configuration offers potential for both commercial and residential uses. The City has indicated that future development would require rezoning the property to R2 (Two Family Residence) or R1-8 (Single Family Residence). The site sits in a pro-growth area with large-scale redevelopment nearby and provides easy access to Downtown San Jose, commute routes, Diridon Station, and the possible future Google Village. A rare opportunity!

The manager has listed the unit size as 1460 square feet.
Features & Amenities
Basement
Security System
Oven - Gas
Central A/C
Garage - Detached
Oversized
Price History
Date Event Price Source
Recent Inactive Public Records
2019-05-10 Price Drop $999,000 Listing Records
2019-03-14 Price Drop $1,199,000 Listing Records
2019-02-13 Status Change Relisted Listing Records
2019-02-09 Status Change Off Market Listing Records
2019-01-18 Listed $1,500,000 Listing Records
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