850 Calhoun ST, San Jose, CA 95116
- $3,250,000
- 938
- SqFt
- List Price
- $3,250,000
- MLS#
- ML82014259
- Status
- ACTIVE
- Zoning
- R3
- Sqft. of Residence
- 938
- Lot Size
- 31,349
- Listing Area
- Central San Jose
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.
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Additional Information
- Acres
- 0.72
- Age
- 127
- Amenities
- Security Gate
- Cooling System
- Ceiling Fan
- Floor Covering
- Laminate
- Foundation
- Foundation Pillars
- Garage Parking
- Common Parking Area, No Garage, On Street, Parking Area, Room for Oversized Vehicle, Workshop in Garage
- Heating System
- Wall Furnace
- Laundry Facilities
- Hookups Only
- Living Area
- 938
- Lot Description
- Grade - Level, Private / Secluded, Surveyed
- Lot Size
- 31,349
- Neighborhood
- Central San Jose
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Shingle
- Sewer
- Sewer - Public, Sewer Connected
- Special Features
- None
- Style
- Craftsman
- Unincorporated Yn
- Yes
- View
- View of City Lights, Downtown
- Zoning
- R3
Mortgage Calculator
Listing courtesy of Ernesto Martinez from KW Silicon City. 408-420-5268
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