Property summary
This exceptional San Jose investment opportunity encompasses a substantial multifamily development project. The property, located at 1065-1087 South Winchester Blvd, comprises two phases on a combined .82 to .93 acres, with APNs 299-25-038 and 299-25-037. Planning approval is anticipated by Fall 2021 for a total of 132 residential condominium units and approximately 38,440 square feet of office condominiums. Phase I, on .82 acres, will feature 61 residential condominium units (18 one-bedroom, 25 two-bedroom, and 18 three-bedroom units) and 17,970 square feet of commercial space, including 9 office condominium units. The building design incorporates a six-story structure with a mix of residential and commercial uses. The first floor of each building includes a residential lobby, common open space, commercial spaces, and parking. The second floor also features a blend of residential and commercial areas, while floors three through six are dedicated to residential units. Parking is conveniently provided by one underground level and additional first-floor spaces accessible from Winchester Blvd, totaling 114 spaces for each phase. The proposed project has a maximum height of 65 feet. The property's prime location in San Jose, California, and its potential for significant returns make it an attractive investment prospect. The ability to combine this property with an adjacent parcel presents further expansion opportunities. The total building square footage is between 17,970 and 20,470 square feet.
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