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850 Calhoun St 0.71 Acres of Residential Land Offered at $3,250,000 in San Jose, CA 95116
Investment Highlights
- Located in the San Jose Downtown area with easy access to numerous amenities, San Jose State University, and public transformation
- Survey Map completed
- Large flat lot with all services included
- Call Ernie Martinez for more information
Executive Summary
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.
Potential for re-zoning.
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.
Potential for re-zoning.
Property Facts
1 Lot Available
Lot
| Price | $3,250,000 | Lot Size | 0.71 AC |
| Price Per AC | $4,577,464.79 |
| Price | $3,250,000 |
| Price Per AC | $4,577,464.79 |
| Lot Size | 0.71 AC |
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 while drawings are approved
Description
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.
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 467-30-054 | Improvements Assessment | $10,200 |
| Land Assessment | $1,111,800 | Total Assessment | $1,122,000 |
Property Taxes
Parcel Number
467-30-054
Land Assessment
$1,111,800
Improvements Assessment
$10,200
Total Assessment
$1,122,000
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850 Calhoun St