529 PAGE ST, San Jose, CA 95126 – ML81991765 - Jason Born

Listed by Michael Shields • SiliconValley MultiFamilyGroup
Bought with Terry Meyer • Intero Real Estate Services

$1,785,000

$3,998,000 55.4%

Est. payment - /mo

9 Beds

7 Baths

2,133 SqFt

UPDATED:

Key Details

Sold Price $1,785,000

Property Type Commercial

Sub Type Five or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 2,133 sqft

Price per Sqft $836

MLS Listing ID ML81991765

Bedrooms 9

Full Baths 7

Year Built 1920

Lot Size 0.303 Acres

Property Sub-Type Five or More Units

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 Central San Jose

Zoning R3

Rooms

Kitchen Countertop - Other, Oven Range - Gas, Refrigerator

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate, Tile, Vinyl / Linoleum

Laundry None

Exterior

Parking Features Common Parking Area

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter

Sewer Sewer Connected, Sewer in Street

Water Public

Others

Special Listing Condition Not Applicable

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529 PAGE ST San Jose, CA 95126