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Listed by Ernesto Martinez • KW Silicon City
$3,250,000
Est. payment /mo
0.72 Acres Lot
New
850 Calhoun ST San Jose, CA 95116
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Key Details
Property Type Vacant Land
Sub Type Residential Development Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82012297
Lot Size 0.720 Acres
Property Sub-Type Residential Development Land
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 Central San Jose
Zoning R3
Exterior
Fence Chain Link, Fenced Back, Fenced Front, Mixed Height / Type, Wood
Utilities Available Electricity - On Site, Gas - On Site, Public Utilities
View City Lights, Other
Present Use Multi-Family,Single Family
Building
Lot Description Grade - Level, Grade - Mostly Level, Possible Lot Split, Surveyed
Sewer Sewer - Public
Water Public, Water On Site
Others
Tax ID 467-30-054
Horse Property No
Special Listing Condition Not Applicable
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