1520 San Carlos StSan Jose, CA 95126

This exceptional redevelopment opportunity presents a fully entitled mixed-use project in San Jose's vibrant Midtown. The assemblage comprises 1.34 acres of land, zoned for a Class A, eight-story building featuring 256 residential units and 15,203 square feet of commercial space. The project includes 20% (51 units) of affordable housing, fulfilling on-site obligations, with the remaining 205 units designated as market rate. Parking is generously provided with 261 stalls located in a full basement and at the rear of the ground level. The building design incorporates a podium structure, utilizing a combination of concrete and wood framing. The market-rate units will reach a height of 79 feet to the roofline, extending to 88 feet with architectural elements. The affordable housing units will share a connected ground-level structure. This offering presents a unique chance to acquire a substantial, fully entitled project in a market with limited comparable inventory, promising significant long-term returns. The asking price is $33,000,000. The project is anticipated to be completed in 2026. This is a prime opportunity for investors seeking a high-return, mixed-use development in a thriving California location. The project is located at 1520 W San Carlos St, San Jose, CA 95126, in Santa Clara County.