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2470 Alvin Avenue - Fully Entitled 138-Unit Multi-Family Dev Lot • Terrain commercial • 0,93 Acres • 16 411 200 $ CAD • San Jose, CA 95121
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Fully Approved 8-Story 138-Unit Mixed-Use Project - Approved via California's Builder's Remedy
- 85-Foot Structure Yielding 209,500 SF Including 98K SF of Housing, 5K SF of Ground Floor Retail, & 3 Story Podium Parking Garage
- Strategically Located on a 0.93-Acre Corner Site at the Intersection of Alvin Avenue & Burdette Drive
- Builder’s-Remedy; HAA-Protected Vesting: Approval under California’s Housing Accountability Act
- 24 Studios, 83 One-Bedrooms, 26 Two-Bedrooms, & 5 Three-Bedrooms
Résumé de l'annonce
- Fully Approved (H23-031): Mixed-use infill with ±138 unit, and approx. 5,000 SF ground floor retail; proceed directly to construction documents/plan-check.
- Site Development Permit to allow demolition of an existing 13,275 SF medical building and construction of an eight-story mixed-use building consisting of 138 multifamily residential units and about 4,992 sf of commercial space on a 0.93-acre site.
- The project is strategically located on a 0.93-acre corner site at the intersection of Alvin Avenue and Burdette Drive. The development features a modern 8-story structure with ground-floor retail, three-level podium parking, and residential units on floors 4-8. The design incorporates terraced landscaping and rooftop amenities.
- Builder’s-Remedy; HAA-Protected Vesting: Approval under California’s Housing Accountability Act; buyer to verify scope of vesting and conditions. With Builder’s Remedy approvals recorded, no further Council vote or rezoning is required. The developer may proceed straight to construction drawings and plan-check submittal; only standard demo and building permits remain.
- The 85-foot-tall structure will yield roughly 209,500 square feet, including 98,250 square feet for housing, nearly 5,000 square feet for retail, and 55,500 square feet for the three-story podium garage. Of the 138 residences, there will be 24 studios, 83 one-bedrooms, 26 two-bedrooms, and 5 three-bedrooms. Parking will be included for 142 cars and 72 bicycles.
- Approved via California’s “Builder’s Remedy” (Gov. Code § 65589.5(d)), the City cannot disapprove, down-zone, or shrink the 138-unit plus ±5,000 SF retail project—even if local zoning conflicts remain. The entitlement is statutorily protected because it vested while the City’s housing element was non-compliant.
- Parking Flexibility Signals: AB 2097 & San José policy may reduce minimums where transit eligibility is met.
- Prime Corner Site: Dual frontage (Alvin Ave & Burdette Dr), efficient studio/1BR-forward mix, podium parking with EV-ready distribution.
- Site Development Permit to allow demolition of an existing 13,275 SF medical building and construction of an eight-story mixed-use building consisting of 138 multifamily residential units and about 4,992 sf of commercial space on a 0.93-acre site.
- The project is strategically located on a 0.93-acre corner site at the intersection of Alvin Avenue and Burdette Drive. The development features a modern 8-story structure with ground-floor retail, three-level podium parking, and residential units on floors 4-8. The design incorporates terraced landscaping and rooftop amenities.
- Builder’s-Remedy; HAA-Protected Vesting: Approval under California’s Housing Accountability Act; buyer to verify scope of vesting and conditions. With Builder’s Remedy approvals recorded, no further Council vote or rezoning is required. The developer may proceed straight to construction drawings and plan-check submittal; only standard demo and building permits remain.
- The 85-foot-tall structure will yield roughly 209,500 square feet, including 98,250 square feet for housing, nearly 5,000 square feet for retail, and 55,500 square feet for the three-story podium garage. Of the 138 residences, there will be 24 studios, 83 one-bedrooms, 26 two-bedrooms, and 5 three-bedrooms. Parking will be included for 142 cars and 72 bicycles.
- Approved via California’s “Builder’s Remedy” (Gov. Code § 65589.5(d)), the City cannot disapprove, down-zone, or shrink the 138-unit plus ±5,000 SF retail project—even if local zoning conflicts remain. The entitlement is statutorily protected because it vested while the City’s housing element was non-compliant.
- Parking Flexibility Signals: AB 2097 & San José policy may reduce minimums where transit eligibility is met.
- Prime Corner Site: Dual frontage (Alvin Ave & Burdette Dr), efficient studio/1BR-forward mix, podium parking with EV-ready distribution.
Faits sur la propriété
| Prix | 16 411 200 $ CAD | Sous-type de propriété | Terrain commercial |
| Type de vente | Investissement | Utilisation proposée | Multi-résidentiel |
| Nombre de lots | 1 | Taille totale du lot | 0,93 AC |
| Type de propriété | Terrain | ||
| Zonage | Commercial General - Désignation commerciale de quartier/communauté. Approuvé dans le cadre du « Builder’s Remedy » pour 138 unités résidentielles et ±5 000 pi² de commerce de détail. | ||
| Prix | 16 411 200 $ CAD |
| Type de vente | Investissement |
| Nombre de lots | 1 |
| Type de propriété | Terrain |
| Sous-type de propriété | Terrain commercial |
| Utilisation proposée | Multi-résidentiel |
| Taille totale du lot | 0,93 AC |
| Zonage | Commercial General - Désignation commerciale de quartier/communauté. Approuvé dans le cadre du « Builder’s Remedy » pour 138 unités résidentielles et ±5 000 pi² de commerce de détail. |
1 Lot disponible
Lot
| Prix | 16 411 200 $ CAD | Taille du lot | 0,93 AC |
| Prix par AC | 17 646 451,15 $ CAD |
| Prix | 16 411 200 $ CAD |
| Prix par AC | 17 646 451,15 $ CAD |
| Taille du lot | 0,93 AC |
1 1
Moyennement praticable à pied
60/100
Exceptionnellement facile d’accès en voiture
100/100
Transports en commun relativement accessibles
40/100
Plutôt praticable en vélo
50/100
Impôts fonciers
| Numéro de lot | 670-02-021 | Évaluation des bâtiments | 2 951 713 $ CAD |
| Évaluation du terrain | 2 319 204 $ CAD | Évaluation totale | 5 270 917 $ CAD |
Impôts fonciers
Numéro de lot
670-02-021
Évaluation du terrain
2 319 204 $ CAD
Évaluation des bâtiments
2 951 713 $ CAD
Évaluation totale
5 270 917 $ CAD
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2470 Alvin Avenue - Fully Entitled 138-Unit Multi-Family Dev
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