2470 Alvin Ave | San Jose, CA 95121
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- LoopNet Team
2470 Alvin Ave
San Jose, CA 95121
Fully Entitled 138-Unit Multi-family Dev · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Builder’s-Remedy Vesting | JV Proposals Invited: Open to market-rate or affordable development partners
- Builder’s-Remedy; HAA-Protected Vesting — Approval under California’s Housing Accountability Act; buyer to verify scope of vesting and conditions.
- Prime Corner Site — Dual frontage (Alvin Ave & Burdette Dr), efficient studio/1BR-forward mix, podium parking with EV-ready distribution.
- Fully Approved (H23-031) — Mixed-use infill with ±138 homes over ±5,000 SF retail; proceed directly to construction documents/plan-check
- Open-Shop Bidding Potential — Reduced labor-mandate exposure noted path when not using public-works/streamlining programs; verify with counsel.
- Parking Flexibility Signals — AB 2097 & San José policy may reduce minimums where transit eligibility is met.
PROPERTY FACTS
Property Type
Office
Building Size
150,000 SF
Building Class
A
Year Built
2025
Percent Leased
Vacant
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
9,000 SF
Slab To Slab
9’
Building FAR
3.70
Lot Size
0.93 AC
Zoning
CG - Fully entitled under Builder’s Remedy (Gov. Code § 65589.5(d)), mixed-use with 138 multifamily units + ~5,000 SF retail.
Parking
142 Spaces (0.95 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 670-02-021 | Improvements Assessment | $2,121,566 |
| Land Assessment | $1,666,945 | Total Assessment | $3,788,511 |
PROPERTY TAXES
Parcel Number
670-02-021
Land Assessment
$1,666,945
Improvements Assessment
$2,121,566
Total Assessment
$3,788,511
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