INVESTMENT HIGHLIGHTS Discover this builder and developer's dream for a preliminary proposed 44-unit student housing community in Downtown San Jose. The 478 E Santa Clara Street project proposes 75,074 building SF, including 18,936 net SF, and 18 parking spaces. Just one block from San Jose State University (SJSU), 478 E Santa Clara Street meets 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. EXECUTIVE SUMMARY 478 E Santa Clara Street headlines a proposed student housing project in San Jose, California. This development comprises a six-story, 44-unit apartment building, including a first-level lobby, lounge, and parking space. The complex offers 156 beds, making it an ideal investment for student housing. The current property site comprises mixed-use office/commercial buildings totaling approximately 18,936 square feet of land. All existing structures on the property will be torn down to rebuild the apartment complex. This site provides a tremendous opportunity for builders and developers for build-to-sale or long-term holdings. DESCRIPTION 478 E Santa Clara Street is centrally located within the sought-after San Jose's downtown living, shopping, dining, and entertainment attractions. Strategically located just minutes from San Jose State University (SJSU), this proposed project poses significant appeal among students and provides security in the case of an economic recession. With the San Jose 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. SITE DETAIL Address: 478 E Santa Clara Street, San Jose, CA 95112 APN: 467-25-075 Site Size: 18,936 Sq. Ft. / 0.43 Acres General Plan: Commercial Zone: Commercial General Max Floor Ratio: 6 stories Current Use: Mixed-use office/commercial PROJECT DETAILS: Gross Sq. Ft.: 75,074 Net Sq. Ft.: 18,936 Unit Count: 44 Units Bed Count: 156 Beds Parking: 18 (17 parking spaces, 12 bike parking spaces) PRIME LOCATION HIGHLIGHTS: Prime Location: Situated in the heart of San Jose, minutes from downtown and major transportation hubs, and close to San Jose State University (SJSU), offering unparalleled access to a large student population. Mixed-Use Zoning District: Located within an Opportunity Zone, providing substantial tax incentives and benefits for investors, enhancing the project's overall returns. High Demand: With SJSU's student enrollment exceeding 36,000 and limited on-campus housing options, there is a significant demand for off-campus student housing, ensuring high occupancy rates and steady rental income. Student Housing Project: Study to develop a 44-unit, 156-bed student housing project. Potential for Upside: San Jose's dynamic market presents potential for appreciation and long-term capital growth, offering investors an opportunity to capitalize on the city's thriving economy and real estate market. Prime Location in Silicon Valley: Positioned in the heart of San Jose, the capital of Silicon Valley, this property offers proximity to the region's tech giants, fostering an environment ripe for innovation and economic growth.