LANDCASTLE

ORCHID PLACE 1707 Ringwood Avenue

San Jose, California

FOR SALE APPROVED ENTITLEMENTS2 Single Family Detached Residential Lots & 2 Single Family Attached Residential Lots

SITE DETAILS

Address 1707 Ringwood Avenue

City San Jose

County Santa Clara

APN 244-34-016

Acreage 0.3± acres

Land Use Residential Neighborhood

Zoning PD

Schools Orchard Elementary (K-8)Independence High School (9-12)

Current Entitlements

Approved Tentative Map for 4 Single Family Residential Lots. 2 lots have a zero lot line.

Building Square Feet 2 Single Family Detached Lots @ 1,944 SF each2 Single Family Attached Lots @ 2,112 SF each

Landcastle Inc, as the exclusive broker, is pleased to present an opportunity to acquire Orchid Place, a 0.3± acre site that is entitled for 2 single family detached residential lots and 2 single family attached residential lots in San Jose, California. The property is within the Berryessa District of San Jose, a unique development site providing convenient access to top San Jose tech companies like Samsung, Cisco and PayPal. Situated 2 miles from the newly constructed Berryessa/North San Jose BART station opening in 2018, 1 mile from Interstate 880, and 1.5 miles from Interstate 680, the site is ideal for commuters. The location is a short 3 mile drive to the San Jose International Airport and a half-mile to the new Sprouts Shopping Center at Brokaw.

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Opportunity

DOWNTOWN SAN JOSE

BROKAW COMMONS

SPROUTS @ BROKAW

Berryessa/N San Jose BART Station Opening 2018

SAN JOSE INTERNATIONAL AIRPORT

SAN JOSE MUNICIPALGOLF COURSE

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Location Map

OFFERING SUMMARY

Offers Due Tuesday, May 15, 2018

Price Buyer to submit offer

Feasibility 30 days to complete feasibility

Close of Escrow 10 days after feasibility approval

Impact Fees $78,000 per lot. The fees are an estimate only. All fees to be independently verified by Buyer.

Engineers Estimates$48,900 per lot for off-site improvements only(these are estimates only and need to be verified by the Buyer).

SaleSeller will deliver a Final Map Ready to Record with Approved Improvement Plans on or before the Close of Escrow.

Commission

No brokerage cooperation will be offered. Seller shall be responsible for any compensation due to Landcastle. Should Buyer be represented by an outside broker, Buyer shall be responsible for any compensation due to outside broker.

Due DiligenceLandcastle will provide a link to the Due Diligence folder upon request.

EXCLUSIVE AGENTJim Brennan925 984 5000jim@landcastlere.comLic. 01310332

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Offering

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Renderings

Elevations for Detached Single Family Homes

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Elevations

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ElevationsElevations for Detached Single Family Homes

Elevations for Two Attached Duplex Units

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Elevations

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FloorplansFloorplans for Two Detached Single Family Homes

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Floorplans for Two Attached Duplex UnitsFloorplans

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Tentative Map