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Advanced-Stage Multifamily Development Site
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1966 Almaden Road, San Jose, CA 95125

Advanced-stage plans call for a 27-unit, 5-story apartment community with parking, EV charging, and a rooftop amenity deck.

Property Size44,188 SF
Lot Size0.29 Acres
Price / SF$42.98
Days on Market54

Property Features for 1966 Almaden Road

General Information

Standard status Active
Size 44,188 SF
Total Parking Spaces 31
Lot size 0.29 Acres
Property subtype Multifamily
Zoning Urban Residential
Investment Type Redevelopment

Additional Details

Highway Access Yes
Multifamily Units 27

Building Details

Stories 5
Units 27
Listing Agency: Bay East Brokers Inc
Listed By: Harmit Toor · License #CA 02007516
Source: Crexi
Added: Jul 10 Changed: Aug 17 Last Checked: Aug 30 at 11:18PM

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 Bay East Brokers Inc

Investment Insights

Based on property information with market context.

This advanced-stage multifamily development site is being marketed as a 27-unit, 5-story apartment community. Project plans outline approximately 44,188 SF of gross building area on a 12,426 SF site, including 7 one-bedroom and 20 two-bedroom residences. The concept includes 31 proposed parking spaces, EV charging infrastructure, bicycle parking, elevator service, a controlled-access garage, and a rooftop amenity deck.

The property is located at 1966 Almaden Road in San Jose, in the Willow Glen/Central San Jose area. The materials state the site provides access to Downtown San Jose and major highways 87, 85, 280, and 101, with retail, dining, and entertainment amenities nearby.

The seller has completed extensive pre-development work, including architectural, civil, landscape, MEP, environmental, transportation, and other entitlement-related studies, intended to reduce time, cost, and execution risk for a future developer.

Key Highlights

  • Advanced‑stage plans for a 5‑story, 27‑unit apartment community at 1966 Almaden Road, San Jose, CA 95125
  • Approx. 44,188 SF gross building area on a 12,426 SF site
  • Unit mix: 7 one‑bedroom and 20 two‑bedroom units proposed

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office (Bike/Boat/Book/etc) Store Tech Support Center Veterinary Clinic Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

27
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

928
Businesses Nearby

Demographics for 95125, CA

54,000
Population
22,151
Households
2.4
Avg Household Size
41
Median Age
56%
College-Educated
91%
High-School Grad
7.3 sq mi
ZIP Area
7,397
Density / Sq Mi
$148,422
Median Household Income
$77,440
Median Earnings
$2,394
Median Rent
$1,646,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Advanced-stage plans call for a 27-unit, 5-story apartment community with parking, EV charging, and a rooftop amenity deck.
Where is this apartment building located?
The property is located at 1966 Almaden Road San Jose, CA.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Advanced‑stage plans for a 5‑story, 27‑unit apartment community at 1966 Almaden Road, San Jose, CA 95125; Approx. 44,188 SF gross building area on a 12,426 SF site; Unit mix: 7 one‑bedroom and 20 two‑bedroom units proposed
(925) 202-7027 Call to check price and availability
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