1889 San Carlos StSan Jose, CA 95128

Property Details for 1889 San Carlos St

Year built

2025

Lot size

1.23 AC

Property size (Sq ft)

277,000 SF

Property type

Residential income properties

Property subtype

Retirement homes

Description

This exceptional investment opportunity presents San Carlos Commons, a prime 1.23-acre development site in San Jose, California. Approved plans encompass two mixed-use buildings totaling 277,000 square feet, featuring 270 units of senior living and condominium residences. Building 1, a seven-story structure, is slated for 209 assisted living and memory care units. Building 2, a six-story building, will house 61 condominium or independent living units. The development also includes 6,000 square feet of retail space and 113 parking spaces, utilizing two underground levels with stacker parking. Located at 1889 W San Carlos St, San Jose, CA 95128, this Class A property boasts a prime location in the heart of Silicon Valley, benefiting from high incomes, education levels, and home values. The property is offered fee simple and features two buildings, seven stories at maximum height, and was built in 2025. The property is comprised of seven parcels and has an APN of 274-16-053. Seller financing or joint venture structures may be considered. This is an institutional investment opportunity in the thriving seniors housing sector.

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.3236

Longitude

-121.928

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