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850 Calhoun St
For Sale $3,250,000 ($3,464.82 per Sq Ft)
$3,250,000 ($3,464.82 per Sq Ft)
- Units
- 938 Sq Ft
- 31,349 Sq Ft
- Unknown Cap Rate
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,250,000 |
| Property Type | Flex Space |
| Usable Sqft | 938 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1898 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 467300540 |
| MLS # | ML82014259 |
| Property ID | 321973573 |
| Lot Sqft | 31,349 |
| Zoning | R3 |
| Days on Market | 228 |
| Original List Price | $3,250,000 |
| Applicances | Gas Oven% |
| Date Updated | January 19, 2026 |
| Date Created | July 10, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Ernesto Martinez an agent of KW Silicon City. Lic #01957648
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 19, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT