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    850 Calhoun St San Jose, CA 95116

    For Sale
    $3,250,000

    Craftsman, Multiple Dwellings / Structures - SAN JOSE, CA

    Property size:
    938 SF
    Lot size:
    0.72 Acres
    Days on Market:
    152
    Last Refresh:
    Dec 8 at 9:06 am

    Property Features for 850 Calhoun St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Gate, Security Lighting
    Zoning
    R3
    Rooms
    Kitchen
    Parking
    100
    Parking features
    Garage, On Street, Oversized, Workshop
    Interior features
    None
    Exterior features
    Security Lights
    Fencing
    Gate
    Appliances
    Oven - Gas, Range, Range - Gas
    Size
    938 SF
    Lot size
    0.72 Acres

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1898
    Flooring type
    Laminate
    Roof type
    Shingle
    Architectural style
    Craftsman

    Hillview International Inc (408) 888-8133 [email protected]

    Listing agent Ernesto Martinez (408) 755-5972 License #01957648

    Listing date Jul 10, 2025

    MLS# ML82014259 Listing URL

    Copyright © 2025 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    San Jose Redevelopment Opportunity

    This is a prime investment opportunity to redevelop an approximately 0.72-acre parcel (APN 467-30-054) zoned R3 in San Jose's Downtown. The property currently includes 2 remodeled units, along with a small warehouse that can be rented out while project drawings are underway. A recently entitled Stamp Survey Map and Feasibility Study are available, with a suggested SB 10 or SB 330 HOUSING PROJECT PRELIMINARY. There is a possible plan of up to 21-30 units to be built out through the city due to the housing shortage, based on a city-approved density of 30 units/acre. SB 330 offers a streamlined review process and limitations on new regulations that can lead to faster project approvals. The property is located in the San Jose Downtown area with easy access to numerous amenities. It is a 1-minute walk to Santa Clara St, and the surrounding area consists of retail businesses and public transportation within walking distance. The location is near Downtown San Jose, the 101 freeway, and Google's planned Downtown. The property offers 938 square feet of living area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cambrian Construction General Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.8727302
    Latitude
    37.3433192

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    FAQs

    What type of property is this?
    Multifamily property - 0.72-acre parcel zoned R3 in San Jose's Downtown.
    Where is this multifamily property located?
    The property is located at 850 Calhoun St San Jose, CA.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - 0.72-acre parcel zoned R3 in Downtown San Jose, ideal for redevelopment.; - Potential for **21-30 housing units** due to city-approved density and housing shortage.; - **SB 330 eligibility** allows for faster project approval and streamlined review.
    (408) 755-5972
    Request Owner's contact information
    850 Calhoun St San Jose, CA 95116
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    San Jose, CA 95116
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    850 Calhoun St San Jose, CA 95116
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