200 Hayes Avenue, San Jose, California 95123, San Jose, 95123 - 3 bed, 1 bath
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San Jose, California 95123
Analysis of 200 Hayes Avenue, San Jose, California 95123 is currently available with a list price of $3,500,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the San Jose Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is marketed exclusively as a residential development opportunity for an 11-unit townhome project. Built in 1957, the existing structure is significantly undersized for the 18,000-square-foot lot and is intended for demolition. The $3.5 million asking price is based entirely on the land value and the entitlement potential for high-density redevelopment rather than the condition of the original 3-bedroom home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18000, living area = 1286.
The property is a near-term development opportunity with architectural and site plans already prepared and ready for a planning hearing, significantly reducing the pre-construction timeline for a builder.
Located within walking distance of Oak Grove High School and Miner Elementary, the site is perfectly positioned for high-demand residential townhomes in a convenient South San Jose neighborhood.
Although plans are prepared, the project still requires a planning hearing and final city approvals, which introduces potential regulatory delays or required design modifications before construction can begin.
The $3.5 million asking price represents a substantial increase from its 2023 sale price, placing a heavy premium on the development potential and requiring a high-capital investment from the buyer.
Located in a convenient South San Jose neighborhood with access to local schools and nearby shopping and transportation, 200 Hayes Ave offers a well-positioned residential development opportunity. The project proposes 11 townhome units across two three-story buildings (5 units in one building and 6 units in the other) arranged around a private internal drive aisle with individual garage access. The architectural and site plans have been prepared, and the project is ready for planning hearing, presenting a near-term development opportunity in a high-demand housing market.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.6 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 45% |
| Baths | 1.0 | 2.0 | 1% |
| Square foot | 1,286 | 1,633 | 16% |
| Lot Size | 18,000 | 6,120 | 99% |
| Price | $3.50M | $1.56M | 99% |
| Price per sq ft | $2.7K | $930 | 99% |
| Built year | 1957 | 1968 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 100 | 12% |
Mar 5, 2026
$3,500,000
Initial Listing
Apr 28, 2023
$1,450,000
Public Record
Feb 23, 2018
$1,320,000
Public Record