Fully Entitled 138-Unit Multi-Family Development

2470 Alvin Ave, San Jose, CA 95121

PROPERTY FACTS

Sales Price: Contact Listing Agent

Status: For Sale

Lot Size: 0.93 AC

# of Proposed Units: 138

Property Type: Multi-Family Development Opportunity

INVESTMENT HIGHLIGHTS

Fully Approved 8-Story 138-Unit Mixed-Use Project - Approved via California's Builder's Remedy
Builder’s-Remedy; HAA-Protected Vesting: Approval under California’s Housing Accountability Act
85-Foot Structure Yielding 209,500 SF Including 98K SF of Housing, 5K SF of Ground Floor Retail, & 3 Story Podium Parking Garage
24 Studios, 83 One-Bedrooms, 26 Two-Bedrooms, & 5 Three-Bedrooms
Strategically Located on a 0.93-Acre Corner Site at the Intersection of Alvin Avenue & Burdette Drive

EXECUTIVE SUMMARY

- 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.