Perched in the scenic East San Jose Foothills, this unique 0.33-acre estate presents a rare multi-unit development opportunity featuring two distinct residences and sweeping panoramic views of the Downtown San Jose skyline. The property is intelligently configured with a charming one-bedroom cottage at the front and a private two-bedroom retreat situated further up the hill, providing an ideal setup for multi-generational living or high-yield rental income. A centrally located patio offers a premier vantage point for city views, while the expansive lot includes a secure one-car garage and significant additional space for parking or professional storage. This versatile property combines essential amenities with immense "value-add" potential, offering a sophisticated foundation for buyers looking to modernize, expand, or capitalize on a high-upside investment in a prime Silicon Valley location.