1470 W San Carlos St Immeuble residentiel 213 lots À vendre San Jose, CA 95126

1470 W San Carlos St - Entitled 213-Unit Multifamily Development Site
Unpriced
Borelli Investment Company is pleased to present a rare opportunity to acquire a ±37,189 SF (0.854 AC) fully entitled multifamily development site comprising two contiguous parcels on West San Carlos Street in central San Jose, one of Silicon Valley's most supply-constrained residential markets.
The site is fully entitled for a 213-unit, 7-story multifamily community with discretionary entitlements and ministerial approvals in place, allowing a buyer to proceed toward vertical development with substantially reduced entitlement risk. The approved program includes ±139,782 SF of residential area across 155 one-bedroom and 58 two-bedroom units, ±1,490 SF of ground-floor commercial, and 182 parking spaces in a single subterranean level.
Located in the established West San Carlos urban infill corridor, the site is under 1 mile from Diridon Station (Caltrain, VTA Light Rail, Amtrak, ACE, and future BART), 1.5 miles from Downtown San Jose, and minutes from Santana Row and Westfield Valley Fair, with immediate access to I-280 and CA-87.
Assisted living development could also be accommodated on the site, though it would require a change to the current entitlements.