$3,250,000

850 Calhoun Street, San Jose, CA 95116

  • 938 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1898
  • Property Lot Size Icon0.72acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $3,465/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Prime investment, rare opportunity in beautiful San Jose's Downtown to redevelop an approximately 0.72-acre parcel (APN 467-30-054) zoned R3. There are 2 remodeled units, along with a small warehouse that can also be rented out while drawings and the project are underway. Recently entitled Stamp Survey Map and Feasibility Study, and suggested SB 10 or SB 330 HOUSING PROJECT PRELIMINARY. * Possible plan of up to 21-30 units (city-approved density of 30 units/acre) to be built out through the city due to the housing shortage. SB 330 is a Faster Project Approval: The streamlined review process and limitations on new regulations can lead to faster project approvals, reducing the overall time it takes to get a housing development project off the ground. This property is a straightforward project. * Located in the San Jose Downtown area with easy access to numerous amenities, San Jose State University, A 1-minute walk to Santa Clara St, the surrounding area consists of retail businesses and public transportation within walking distance. Near Downtown San Jose, the 101 freeway, and Google's planned Downtown. Don't miss a great opportunity to help our beautiful city with its housing shortage and make a lifetime investment.

Listing Status:
Active
Date Added:
July 11, 2025 at 05:00AM
Listing Office:
KW Silicon City : 408-755-5972
Listing Agent:
Ernesto Martinez : 408-420-5268
MLS ID:
ML82014259
  • Flooring: Laminate
  • A/C: Ceiling Fan(s)
  • Heating: Wall Furnace
  • General: Back Yard
  • School District: San Jose Unified
  • County: Santa Clara
  • Zoning: R3467300540
  • View: City LightsDowntown

This listing courtesy of Ernesto Martinez, KW Silicon City

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Selma Olinder Elementary School

890 E William St, San Jose, CA, 95116

Grades KG-5

0.56 miles away

B

Burnett Middle School

850 N 2nd St, San Jose, CA, 95112

Grades 6-8

1.68 miles away

S

San Jose High School

275 N 24th St, San Jose, CA, 95116

Grades 9-12

0.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.