Shovel-Ready Townhome Development
For Sale
Contact for pricing
Pending
1401 1st St, Gilroy, CA 95020
Entitled R-4 land for a planned 202-unit townhome development with approved tentative map and permits ready for signature.
Property SizeContact for details
Lot Size11.26 Acres
Days on Market110
Property Features for 1401 1st St
General Information
Standard status
Pending
Lot size
11.26 Acres
Property subtype
Land, Multifamily
Zoning
R-4
Additional Details
Highway Access
Yes
Multifamily Units
202
Amenities
common open space
clubhouse
swimming pool
tot lot
Listing Agency:
ACARA
(925) 838-8826
Listed By:
DREW MALM · License #01312428
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Apr 24 at 9:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ACARA
Investment Insights
Based on property information with market context.
Shovel-ready residential development site for a planned 202-unit townhome project. The project is designed in three phases and contemplates five different floor plans with units ranging from approximately 1,700 to 2,200 square feet, each including a two-car garage. Planned community amenities include common open space, a clubhouse, a swimming pool, and a tot lot.
The site is zoned R-4 (High Density Residential). The tentative map has been approved and is set to expire April 4, 2026. Building permits are approved and ready for Buyer signature, and the final map is scheduled to be considered by City Council on March 16, 2026. Options described for structuring include a joint venture structure or a land contribution.
This offering is presented as development-ready for immediate construction, with entitlements positioned as time-sensitive. The provided development framework aligns with General Plan allowances of 20–30+ dwelling units per net acre for attached housing such as townhomes.
The site is zoned R-4 (High Density Residential). The tentative map has been approved and is set to expire April 4, 2026. Building permits are approved and ready for Buyer signature, and the final map is scheduled to be considered by City Council on March 16, 2026. Options described for structuring include a joint venture structure or a land contribution.
This offering is presented as development-ready for immediate construction, with entitlements positioned as time-sensitive. The provided development framework aligns with General Plan allowances of 20–30+ dwelling units per net acre for attached housing such as townhomes.
Key Highlights
- 11.26‑acre site at 1400 1st Street, Gilroy, zoned R‑4 (high density residential) for attached townhomes.
- Shovel‑ready 202‑unit townhome development with entitlements advanced, including an approved tentative map expiring April 4, 2026.
- Building permits are approved and ready for buyer signature; final map is scheduled for City Council approval on March 16, 2026.
Property Analytics
Current Use
Lease Details
202
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
Explore this area
Business Placement
Demographics for 95020, CA
68,090
Population
20,679
Households
3.3
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
151.8 sq mi
ZIP Area
449
Density / Sq Mi
$134,242
Median Household Income
$50,421
Median Earnings
$2,256
Median Rent
$1,005,600
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Entitled R-4 land for a planned 202-unit townhome development with approved tentative map and permits ready for signature.
Where is this residential land & home lot located?
The property is located at 1401 1st St Gilroy, CA.
What are key features of this property?
This property features: 11.26‑acre site at 1400 1st Street, Gilroy, zoned R‑4 (high density residential) for attached townhomes.; Shovel‑ready 202‑unit townhome development with entitlements advanced, including an approved tentative map expiring April 4, 2026.; Building permits are approved and ready for buyer signature; final map is scheduled for City Council approval on March 16, 2026.
