Exclusive Investment Opportunity

Attention Esteemed Developer,

We are excited to present a unique investment opportunity that stands out in the vibrant heart of Silicon Valley – a promising land parcel located at 1910-1920 Camden Ave, San Jose, CA. This prime property offers an unparalleled gateway to develop luxury living apartments in one of the most sought-after real estate markets in the United States 

Exceptional Location and Infinite Potential

Nestled on a significant 1.58-acre corner plot, this property boasts of 19,184 SF of retail space in a premium Silicon Valley locale. Its position, mere steps from major retailers on Hillsdale Avenue such as The Home Depot, 24 Hour Fitness, and Target, guarantees unmatched exposure and accessibility. The area is a bustling hub with dense consumer traffic and commercial vibrancy, enhancing the allure for high-end residential development.

The vicinity is enriched with essential amenities, including top-rated schools, state-of-the-art hospitals, and extensive shopping centers, offering an ideal lifestyle for prospective residents. The property's easy access to major highways and public transportation networks, including transit/subway and commuter rail options, underscores its exceptional connectivity.

With San José International Airport just a 15-minute drive away and San Francisco International Airport within a 50-minute drive, the site ensures unparalleled access for both domestic and international stakeholders..

Advantageous Zoning and Development Incentives

A pivotal highlight of this investment is the property's zoning under CP (Commercial Pedestrian), which supports a variety of development projects. This flexible zoning facilitates the creation of luxury residential units, enabling developers to bring visionary projects to life. Moreover, the city's progressive stance on parking, eliminating the requirement for dedicated parking spots for each apartment unit, presents a remarkable opportunity to maximize usable space and design innovative living environments tailored to the modern, urban lifestyle.

Unmatched Redevelopment Opportunity

This property not only allows for the development of luxury living apartments but also opens doors to a signature project that could include mixed-use elements, further enhancing its value. It qualifies for 100% affordable housing under Policy IP-5.12. This flexibility offers a unique chance to shape the property in a way that maximizes ROI. With most tenants on short-term leases and a vacant space of 3,120 SF, there is immediate potential to begin transformational projects or generate rental income during the planning stages. 

Demographics

• Population: Within a 1-mile radius, the population is 23,967; expanding to a 3-mile radius, it reaches 192,585, and within a 5-mile radius, the total population grows to 492,339. This density suggests a substantial potential customer base for luxury apartments.

• Average Household Income: The average household income is quite high, indicative of an affluent community. It stands at $136,080 within a 1-mile radius, $137,104 within a 3-mile radius, and slightly lower at $129,735 within a 5-mile radius. These figures point to a demographic with significant spending power, which is essential for luxury apartment developments.

Rental Rates in local Area

• 1 Bedroom: The starting prices for 1-bedroom units can range from about $2,145 at more modest luxury levels up to around $3,520 for higher-end offerings.

• 2 Bedrooms: Prices for 2-bedroom units start from approximately $2,575 to $2,925, offering a good range for different luxury tiers.