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488 E Saint John St
San Jose, CA 95112
SHOVEL-READY DEVELOPMENT OPPORTUNITY · Land For Sale · 0.37 AC

Investment Highlights

  • Discover this builder and developer's dream for a ready-to-build 46-unit luxury apartment community in Downtown San Jose Santa Clara Urban Village.
  • 488 E Saint John Street apartment project proposes 59,126 building SF, including 46,707 living SF, 35,037 net rentable SF, and 30 parking spaces.
  • One block from San Jose State University, 488 E Saint John Street solves the high demand for student housing and is fairly recession-proof.
  • San Jose is one of the most affluent, rapidly evolving, and largest cities in Northern California, with major connections to the tech industry.

Property Facts

Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Dorms
Total Lot Size 0.37 AC
No. Stories 1
Zoning RM - Multiple Residence District

Description

488 E Saint John Street is centrally located within the sought-after Santa Clara Street Urban Village, central to San Jose's downtown living, shopping, dining, and entertainment attractions. Strategically one to two blocks from Santa Jose State University (SJSU), this project poses significant appeal among students and provides security in the case of an economic recession. With the San Jose Urban Village development plan, the BART extension, and Google's Downtown West Mixed-Use Plan coming to fruition soon, San Jose's downtown is gradually developing into a more urban living, working, shopping, and recreation city than it is now.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 467-17-044
  • 467-17-046
  • 467-17-045
Land Assessment
$1,843,274
Improvements Assessment
$546,150
Total Assessment
$2,389,424
  • Listing ID: 30516951

  • Date on Market: 1/3/2024

  • Last Updated:

  • Address: 488 E Saint John St, San Jose, CA 95112

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