CBRE is pleased to offer to qualified investors the opportunity to acquire 995 East Santa Clara Street in San Jose, California (the “Property”), a 0.42-acre development site entitled for 74 below market rate multifamily units. Strategically located in the Roosevelt Park Urban Village Plan, the Property offers a rare chance for a multifamily development project adjacent to a neighborhood shopping center and within a 2024 Difficult Development Area (DDA). The Property has a land use designation of Medium Intensity Corridor, permits a maximum height of 85 feet, and the commercial requirement does not apply to 100% affordable projects. If the project is market rate, then a minimum 0.50 commercial floor area ration is required for a potential mixed-use development project. The Property is located within 0.1 mile of Roosevelt Community Center, recently delivered in 2021 which features a roller hockey rink, fitness center, skate park, handball courts, basketball courts, computer lab, classrooms, teen lounge, and art studio. The Property is also located within 1.0 mile of both a Grocery Outlet store and Downtown San Jose’s central business district, within 1.2 miles of Watson Park, within 2.0 miles of San Jose Regional Medical Center, within 2.3 miles of Plaza de San Jose Shopping Center, and within 2.4 miles of San Jose Market Center. Immediate access to transit includes multiple bus lines within walking distance, within 0.6 miles of Highway 101, within 1.0 mile of the Downtown VTA light rail lines, and within 1.6 miles of Interstate 280/680.