Exceptional investment and development opportunity in the heart of San Jose! Situated on a spacious approximately 7,800 sq.ft. lot, this property has total 1,493 SqFt features a beautifully newly renovated 1-bedroom, 1-bathroom main residence (744 SqFt) that has been fully updated with modern finishes. Additionally tremendous value is a newly constructed, detached 2-bedroom, 2-bathroom ADU (749 SqFt), offering excellent potential for rental income, multigenerational living, or owner-occupancy flexibility. The opportunity extends even further with plans already submitted to the City for an additional DUPLEX development (Approximately 1200 SqFt per unit). Permit review is currently in progress, providing buyers with a unique chance to acquire a property with significant future expansion potential. 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!