AERIAL VIDEO: https://www.youtube.com/watch?v=GUEhPXY-bLw&feature=youtu.be
Marcus & Millichap is pleased to present for sale two properties at 420-426 W San Fernando Street in San Jose, CA. This offering includes two adjacent properties: 18-Unit Apartment Building at 426 W San Fernando St and a single family house (2/1) at 420 W San Fernando St. Properties can be delivered together or separately.
Subject Properties are located directly across from Google’s Diridon Station Project. The Google project’s plans anticipate significant investment over time, with world-class architecture, publicly accessible outdoor plazas and paseos, streetlevel retail shops, and a public greenbelt and park along the Los Gatos Creek. This project, however, is only a part of the overall Diridon Station Area Plan (DSAP). The City of San Jose adopted the DSAP to spur the future development of millions of square feet of office/R&D space and retail, with thousands of housing units and hotel rooms. In the years ahead, several major transportation investments—including BART, High Speed Rail, Bus Rapid Transit, and an electrified CalTrain, along with existing lines that include Capitol Corridor, ACE, AmTrak, and VTA Light Rail-- will converge at Diridon Station, bringing an expected eight-fold increase in daily commuters, and an opportunity to transform Downtown San Jose.
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