San Jose Rose Garden Development Site
690 Chapman St & 1274 Naglee Ave, San Jose, CA 95126
Price: $4,000,000
0.68-Acre

690 Chapman Street & 1274 Naglee Avenue is an approximately 0.68-acre residential development site comprised of two vacant, adjacent parcels in the historic Rose Garden neighborhood of San Jose. The lot at 690 Chapman is approximately 22,200 square feet and the lot at 1274 Naglee is approximately 7,400 square feet. The site has frontage and access along both Chapman Street and Naglee Avenue.

Zoned R-1-8, low to medium density residential, the property offers potential for up to five single-family homes, with additional density possible under SB 1123. Its current use is as overflow parking for the neighboring Rosicrucian Museum.

The property is located in San Jose's established Rose Garden neighborhood, approximately two miles west of downtown. This central residential setting combines tree-lined streets and historic homes with access to the Santa Clara tech corridor, Santa Clara University, Santa Clara Valley Medical Center, and downtown San Jose.

Diridon Station, regional transit options, and Highways 880, 280, and 87 provide convenient connectivity, while nearby Rose Garden amenities, The Alameda, Santana Row, and Westfield Valley Fair support a highly desirable residential setting.

San José is the most expensive housing market in the United States, with a median single-family home price of $2.03 million in Q1 2026 (NAR). Demand remains exceptionally strong: homes go under contract in a median of about 18 days, compared with roughly 50 days nationally. Limited land, constrained new supply and a deep base of high-income Silicon Valley buyers continue to support premium pricing for new single-family construction.

Single family home sales in the immediate area surrounding the property, of four or more bedrooms, range from $4.8M - $2.3M and $1,274 - $896 per square foot over the last 18 months.

Location and Property Highlights

  • Rare infill residential development site situated at the corner of Chapman Street and Naglee Avenue in the historic Rose Garden neighborhood of San Jose, about 2 miles west of downtown.

  • Approximately 0.68-acre (±29,621 SF) site comprised of two adjacent parcels with frontage and access along Chapman Street and Naglee Avenue, providing flexibility for site planning and future development.

  • Zoned R-1-8, low to medium density residential, with potential for up to five single-family homes.

  • Additional density possible under SB 1123, offering the potential to increase the number of homes on the site.*

  • Strong surrounding home values, with single family home sales of four or more bedrooms ranging from $2.3M to $4.8M ($896 to $1,274 per square foot) over the last 18 months.

  • Located in the most expensive housing market in the United States, with a median single-family home price of $2.03 million in Q1 2026 (NAR) and homes going under contract in a median of about 18 days.

  • Minutes from Santa Clara tech corridor employers including Nvidia, Intel, AMD, and Applied Materials, as well as Santa Clara University and Santa Clara Valley Medical Center.

  • Near Diridon Station, offering regional rail and a planned BART extension, with convenient access to Highways 880, 280, and 87 and San José Mineta International Airport.

  • Close to Rose Garden amenities, The Alameda, Santana Row, and Westfield Valley Fair for shopping, dining, and everyday services.

* Buyer to verify

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