850 Calhoun ST, SAN JOSE, CA 95116

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$3,250,000

bedrooms

bathrooms

square feet

938

Acreage

0.7197

Open Houses

year built

1898

Full Baths

Half Baths

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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.

Location
Subdivision	-
County	Santa Clara
Elementary School	-
Middle School	-
High School	-

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Open houses

None scheduled.

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MLS number: ML82014259

Listing status: Active

Listing agent: Ernesto Martinez #01957648

Listing broker: Hillview International Inc (408) 888-8133

Last update: Friday, August 22 2025 at 3:44 p.m. EDT

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