$1,365,000~~$1,425,000~~▼ $60K price cut

374 South 21st Street, San Jose, CA 95116

$1.4M$1.4M$60K below original ask (4%)

37% above the San Jose median of $1.0M (891 active listings)

53% of San Jose listings have cut their price · half have been listed 65+ days

3beds

3baths

744sqft

$1835/sqft

About this home

Exceptional investment and development opportunity in the heart of San Jose! Potentially 4 rental units situated on an approximately 7,800 sq.ft. lot, currently this property has total 1,493 SqFt features a newly renovated 1B1B main residence (744 SqFt) that has been fully updated with modern finishes. Additionally tremendous value is a newly constructed, detached 2B2B ADU (749 SqFt), offering excellent potential for rental income, multigenerational living, or owner-occupancy flexibility. The opportunity extends even further with plans approved by the City for an additional development DUPLEX with 2 stories 2 units 6B6B 2,376 Sfqft total (Each unit has 3beds 3baths; Approximately 1,200 SqFt per unit). Permit review is currently in progress, buyers can move directly toward permitting and construction by saving months (often 6-12+) of design review and approval time. Whether you are an investor, developer, or owner-user seeking multiple income streams, this rare property combines existing cash flow, brand-new improvements, and future development upside on a generously sized lot in a desirable San Jose location with convenient access to major highways, Downtown, major tech companies, and commuter routes, shopping, and dining. Welcome to check this gem in San Jose!