282 Vista Avenue San Jose, CA 95127

Listing Agency MOMENTUM REALTY t***@gmail.com Show Phone

Listed by TAMMIE TRINH

Source Corcoran

Added: Feb 10 Checked: Jul 19 at 4:13 am

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Investment Insights

Based on property information with market context.

This 0.57-acre corner lot in East San Jose presents a development opportunity. Zoned Neighborhood Commercial (CN) and designated as an Opportunity Site (OS), the county permits multifamily, apartment, and condominium development. An existing 966-square-foot single-family home with three bedrooms and one bathroom is grandfathered and currently rented for $4,000 per month, providing income during the planning and entitlement phases. The site may support up to 45 units, with the potential for a 4- to 6-story building, subject to approvals. The City of San Jose supports annexation upon development, offering builders and investors a chance to capitalize on the area's growing housing demand.

Key Highlights

• Prime 0.57‑acre corner lot zoned Neighborhood Commercial (CN) and designated as an Opportunity Site (OS) allowing for multifamily, apartment, and condominium development.
• Potential to build up to 45 units with a 4‑6 story building (subject to approvals).
• Existing grandfathered single‑family home (3 bed, 1 bath, 966 sq ft) rented at $4,000/month provides income during planning and entitlement.

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FAQs

What type of property is this?

Commercial land - 0.57-acre corner lot suitable for multifamily development.

Where is this commercial land located?

The property is located at 282 Vista Avenue San Jose, CA.

What is the asking price?

The asking price for this property is $1,695,000.

What are key features of this property?

This property features: Prime 0.57‑acre corner lot zoned Neighborhood Commercial (CN) and designated as an Opportunity Site (OS) allowing for multifamily, apartment, and condominium development.; Potential to build up to 45 units with a 4‑6 story building (subject to approvals).; Existing grandfathered single‑family home (3 bed, 1 bath, 966 sq ft) rented at $4,000/month provides income during planning and entitlement.