200 Southside Drive, San Jose, California 95111, San Jose, 95111 - 30 bed, 24 bath
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San Jose, California 95111
Analysis of 200 Southside Drive, San Jose, California 95111 is currently available with a list price of $1,500,000. 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 was built in 1915, making it over 50 years old. The listing explicitly states that the existing structure is 'likely a tear-down' and 'demolition required' to make way for the proposed 6-unit townhouse development. The value is clearly in the land and its development potential, not the current structure, which aligns perfectly with the 'tear-down' criteria.
The property has preliminary approval for 6-unit townhouses, significantly de-risking the development process and providing a clear path for a multi-unit project.
Described as 'only one step away from hearing and building permit approval,' indicating a highly advanced stage in the permitting process, which can save substantial time and effort for a developer.
The property is also ideal for SB1123, offering potential for further density or subdivision under California's housing legislation, maximizing investment potential.
The existing structure, built in 1915, is likely a tear-down, which will incur demolition costs and add to the overall project timeline and budget.
With a list price of $1.5 million, coupled with demolition and construction costs, this project requires a substantial capital outlay before generating returns.
While close, final building permit approval is not yet secured, meaning there's still a potential for unforeseen delays or additional requirements before construction can commence.
Preliminary approved for 6-unit townhouses. Also ideal to do SB1123. Nice, flat lot ideal for development. Only one step away from hearing and building permit approval.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 30.0 | 4.0 | 96% |
| Baths | 24.0 | 2.0 | 96% |
| Square foot | 11,000 | 1,678 | 96% |
| Lot Size | 10,700 | 6,000 | 89% |
| Price | $1.50M | $1.19M | 89% |
| Price per sq ft | $136 | $732 | 4% |
| Built year | 1915 | 1969 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 94 | 99 | 44% |
Jan 18, 2026
$1,500,000
Initial Listing
Dec 27, 2023
$880,000
Public Record
Apr 15, 2011
$235,000
Public Record