REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,250,000
Est. payment /mo
Active
850 Calhoun ST San Jose, CA 95116
0.72 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82012297
HOA Y/N No
Lot Size 0.720 Acres
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.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3
Interior
Fireplace No
Exterior
Fence Chain Link, Wood
Utilities Available Electricity Available
View Y/N Yes
View City Lights
Present Use Multi-Family
Building
Lot Description Level
Sewer Public Sewer
Water Public
Schools
School District San Jose Unified
Others
Tax ID 46730054
Special Listing Condition Standard
Listed by Ernesto Martinez KW Silicon City