7280 Marylinn Drive, Milpitas, CA 95035 - Berkshire Hathaway HomeServices California Properties
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7280 Marylinn Drive, Milpitas, CA 95035

$1,500,000 Approx. USD 0 beds, 0 baths

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Listing Agent


Jennifer Li | jenniferlirealtor@outlook.com
Lic#: 01714039
Broker: Courtesy of Universal Network Group

Agent Remarks

Subject to city planner approval, the lot is good for 5-9 units but conservatively will likely be subdivided into 4-5 mixed-use units due to clearance limitations, with a frontage of 281.42 ft. Buildable area is one story (4435 SF per old building plan in 90'), now w building floor ratio almost 3x, subject to meeting all requirements for setbacks, parking, open space, and building codes. Current R3B zoning allows for a 3-story, 4+ units, with a maximum of 11,330 SF. Single-family homes have sold for $828/SF, and condos for $667-1,000/SF, with sellers leaving lots of profit on the table. The property offers a mixed-use opportunity for potential buyers, with the option to use the 1st floor as a versatile commercial space adaptable to various needs such as medical clinics, retail stores, showrooms, classrooms, restaurants, offices, OEMs/branches/sales offices. The 2nd and 3rd floors are for residential use, offering the potential to create either a large family home or another 3-4 separate condos, at the buyer's preference. The flexible layout of the building presents multiple opportunities, such as a Michelin Stars restaurant with the 1st and 2nd floors for the restaurant and kitchen, and the 3rd floor for the chef's residence, also with an herb or vegetable garden in one place.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# ML81927870
List price is $1,500,000 Reduced by $180,000 on 2/3/2025
Price: $1,500,000
Beds: 0
Baths: 0
0.35 acres
Lot size: 0.3468
County: Santa Clara
Zoning: R3B MIXED USE
Lot description: Level
MLS area: 699 - Not Defined

Last Updated: 2/15/2025

 Days On Market (DOM): 680

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 37.435687, -121.907278.
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Source: CRM. Also Available in ML81925086,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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