Great potential for subdivision. Approximately 0.9 acres. This property has 4 units and the gross annual income is approximately $49,920. Receive rental income while you get your entitlements from the city. Buyer to investigate development potential with the city.
Vacant landProperty Type
0.9 acresLot Size
$3,565,767Price/Acres
Listed by Ed Lafosse•DRE #00864594• Lafosse Asset Management
Contact: (408) 376-3917
Bought with Ruby Foote•DRE #01367080• Coldwell Banker Realty
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.9 Acres
Year renovated
1899
Sq. Ft.
—
Year built
1899
Style
Multi-Family (5+ Unit)
County
Santa Clara County
APN
70117011
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Apr 6, 2023.
R-1-8(PD)
Planned Development-Low to Medium Density Residential Based District
The purpose of the single-family residence district is to reserve land for the construction, use and occupancy of single-family subdivisions. The allowable density range for the R-1 districts is 1 to 8 du per acre.
Permitted uses
Include but are not limited to:
Community / recreation center
Day care facility
Housing-Single unit
Housing-Senior
Educational/school
Library
Museum / gallery
Park & open space
Dec 14, 2018 • Final
Construction
Work on a residence.
Addition
Sep 28, 2015 • Final
1 & 2 family detached dwellings
Install a temporary power pole for new construction.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Exterior
Exterior Features
Fencing: Partial Fencing
Building Information
# of Buildings: 1
Subclass: Residential Development Land
Property Information
Development Status: Subdivision (Possible)
Present Use: Multiple Dwelling, Residential
Property Primary ID: 413272
Lot Information
Lot Description: Grade (Mostly Level)
Lot Size Area Minimum Units: Acres
Lot Size Area Maximum Units: Acres
Lot Size Source: Seller
Zoning: R1B3
Financial
Tax/Assessment Information
Bonds Assessments: Buyer to Assume Bonds/Assessments
City Transfer Tax: Yes
Lease Information
Lease Amount: $1,299,800
Utilities
Utility Information
Sewer Septic: Sewer Available, Existing Septic
Utilities: On Pole, Gas (On Site)
Water Information
Water: Water Company
Location
School Information
Elementary School District: San Jose Unified
High School District: San Jose Unified
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.9 acres
Style: Multi-Family (5+ Unit)
Year Built: 1899
Year Renovated: 1899
County: Santa Clara County
APN: 70117011
Home facts updated by county records on Apr 6, 2023
Other
Miscellaneous Information
Incorporated: Yes
Around this home
Schools
Graystone Elementary School
Public K-5 • Assigned • 0.6mi
9/10
Bret Harte Middle School
Public 6-8 • Assigned • 0.8mi
8/10
Leland High School
Public 9-12 • Assigned • 0.9mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
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San Jose’s housing market is cooling slightly, with median sale prices down 3.6% year over year to $1.4 million. Buyers may gain negotiating opportunities, while sellers should price competitively and showcase their homes to attract strong offers
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