7280 Marylinn Drive
Milpitas, CA 95035
$1,199,900.00 (-41.66%)
Active for $1,680,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 15,107 sqft
| MLS | ML81927870 |
| Year Built | |
| Property Type | |
| County | Santa Clara |
| Status | Active |
| Active | $1,680,000 |
| Structure Size | N/A sqft |
| Lot Size | 15,107 sqft |
| Beds | N/A |
| Baths |
Description
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 information courtesy of: Jennifer Li, Universal Network Group 15103758986. *Based on information from the Association of REALTORS/Multiple Listing as of 01/31/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Morris M Ghanei
REALTOR®
Direct: 310.650.0405
Email: Email Me
DRE: 01236362
DRE #01873088
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