1966 Almaden Rd

Exceptional opportunity to acquire a highly desirable property in the heart of San Jose with multiple value-add possibilities. Situated on approximately 12,426± SF (0.29± acres), this versatile property is ideal for developers, investors, or owner-users. Whether you're looking to build a custom dream home on a spacious lot, renovate the existing residence, hold it as an income-producing rental, or pursue a multifamily development, this property offers outstanding flexibility and long-term upside. For developers, the property includes plans for a proposed five-story, 27-unit apartment community totaling approximately 44,188± SF of gross building area. The proposed project features a mix of one- and two-bedroom residences, 31 structured parking spaces, a rooftop amenity deck, EV charging infrastructure, bicycle parking, elevator access, a controlled-access garage, and contemporary architectural design. The seller has already invested significantly in advancing the project by completing and paying for numerous professional studies, engineering, and entitlement-related services, including architectural design, civil engineering, landscape architecture, joint trench design, construction cost analysis, underground utility locating, BOV services, MEP engineering, arborist report, architectural historian assessment, City of San Jose application and review fees, environmental analysis, Transportation Demand Management (TDM) Plan, and transportation analysis. This extensive due diligence and pre-development work represents substantial time and cost savings for a future buyer. Ideally located near Downtown San Jose, Willow Glen, Highways 87 and 85, major Silicon Valley employers, shopping, dining, parks, and public transportation, the property offers exceptional accessibility and is positioned within one of Silicon Valley's strongest residential markets. Buyer to independently verify all property information, zoning, development potential, permits, approvals, reports, plans, and the transferability and status of all development documents with the City of San Jose and the applicable consultants. Development plans and supporting documents are available upon request.

Current Status

New

Original Price

$1,899,000

List Price

$1,899,000

On Market Date

Jul 10, 2026

Property Type

Detached

D/N/S

Almaden

Zip Code

95125

MLS ID

41141120

APN

45609005

Year Built

1950

Stories in Building

1

Possession

Other

Data Source

MAXEBRDI

Origin MLS System

BAY EAST

Bed

3

Bath

1.5 (1/1)

Parking

2

Detached

SQ FT

1,606

SQ FT Source

Other

Lot SQ FT

12,420.0

Lot Acres

0.29 Acres

Pool Info

None

Kitchen

Free-Standing Range, Tile Counters, Eat-in Kitchen, Range/Oven Free Standing

Cooling

Other

Disclosures

Nat Hazard Disclosure, Other - Call/See Agent

Entry Level

Exterior Details

Back Yard, Front Yard, Side Yard

Flooring

Tile

Foundation

Fire Place

Living Room

Heating

Forced Air

Laundry

Laundry Room

Main Level

3 Bedrooms, 1.5 Baths, Main Entry

Possession

Other

Architectural Style

Ranch

Construction Status

Existing

Additional Miscellaneous Features

Back Yard, Front Yard, Side Yard

Location

Back Yard, Front Yard

Roof

Composition Shingles, Other

Water and Sewer

Public

Fee

Unavailable

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.