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$ 1,785,000
$ 3,998,000 55.4%
Est. payment | /mo
0.3 Acres Lot
$ 1,785,000
$ 3,998,000 55.4%
Est. payment | /mo
0.3 Acres Lot
Key Details
Sold Price $1,785,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81991765
Sold Date 05/05/25
HOA Y/N No
Year Built 1920
Annual Tax Amount $46,790
Lot Size 0.303 Acres
Property Description
Development opportunity for up to 36 condominium units or 36 apartment rental units on two adjacent parcels: 529 Page Street & 541 Page Street in San Jose. Within the Envision San Jose 2040 General Plan, both parcels are designated as MUN (Mixed Use Neighborhood) and are zoned R-M (Residential Multifamily). Both parcels are 13,335 SF for a total of 26,670 SF. The General Plan allows for 30 dwelling units per acre, with an allowable height of 3.5 stories or 35 feet. However, by utilizing the State Density Law, the units can be increased by 50% by including 15% low affordable units and 15% moderate units. This allows for 36 dwelling units at 7 stories, or 70 feet in height. State Density Bonus law also allows for the project to push back on setbacks and required parking. Concept renderings and floorplans are included in this document. These concepts have not been submitted to the City of San Jose for approval. They are intended to provide the developer with an idea of what might be accomplished within the General Plan, Zoning, and State Density Law. The properties currently have rental structures on them. 541 Page has 4 - 1BD/1BA units: a duplex in the front & two cottages in the rear. 529/533 Page has 2 SFRs on the parcel. 529 Page is a 4BD/2BA & 533 Page is 3BD/2BA.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry None
Exterior
Roof Type Composition
Total Parking Spaces 6
Building
Water Public
Schools
Elementary Schools Merritt Trace
Middle Schools Herbert Hoover
High Schools Abraham Lincoln
School District San Jose Unified
Others
Tax ID 27719034
Financing Conventional
Special Listing Condition Standard
Listed by Michael Shields • SiliconValley MultiFamilyGroup
Bought with Terry Meyer • Intero Real Estate Services
Bought with Terry Meyer • Intero Real Estate Services
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PAK Home Realty Admin
License ID: 02199906