For Sale287d on market
850 Calhoun St
San Jose, CA, 95116 • Downtown • Santa Clara County
$3,250,000
0.72 acLot
Property DNA
Scenic Views
City Lights · Other
Special Features
Outbuilding · StorageFacility
Market activity
Demand and pricing signals for this listing
188 views
People checking out this listing
5 saves
Buyers have saved this home
287 days on market
Established listing
About this home
Lot
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.
Standout features identified
Our analysis highlights small warehouse and remodeled units as key attractions of this home.
Estimated monthly payment
Based on current rates
$20,520/month
Principal & Interest$16,187
Property Tax$3,250
Insurance$1,083
Down payment20% ($650,000)
3%50%
Est. 6.36% rate · 30yr fixed · $2,600,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeResidential Development Land, Unimproved Land
Systems
Water / SewerPublic / Public Sewer
Parking & Outdoor
FencingChain Link,Back Yard,Front Yard,Mixed Height Type,Wood
Lot0.72 Acres
Location & Tax
NeighborhoodDowntown
ZoningR3
Annual tax$16,556
Parcel46730054
Features & details
5 categories of property features
Exterior Features
Lot Features
Level
Mostly Level
Views
City Lights
Other
Utilities
Public Utilities
Water Public
Gas
GasOnSite
PublicUtilities
Other Structures
Outbuilding
StorageFacility
Listing insights
Market data and value estimates
StatusFor Sale
Days on market287
Est. value$1,164,400
Est. rent$3,803/mo
Tax rate1.19%
On marketJun 24, 2025
PostedJun 25, 2025
Last sold$1,006,450
MLS updatedJan 3, 2026
Tour days6
Views188
Favorites5
How are the schools in San Jose?
3 schools rated nearby
Location
San Jose, CA, 95116
Price history
3 events
DateEventPrice$/sqftSource
Jun 25, 2025Listed For Sale$3,250,000—MLSListings Inc
Aug 14, 2024Sold$1,006,450—MLSListings Inc
Apr 17, 2024Pending Sale$1,000,000—MLSListings Inc
Listed For Sale$3,250,000
Jun 25, 2025•MLSListings Inc
Sold$1,006,450
Aug 14, 2024•MLSListings Inc
Pending Sale$1,000,000
Apr 17, 2024•MLSListings Inc
Tax history
25 years of records
YearTax paidAssessed value
Apr 8, 2025$16,556$1,100,000
Apr 8, 2024$22,117$942,000
Apr 8, 2023$2,248$46,345
Apr 8, 2022$2,222$45,437
Apr 8, 2021$2,104$44,547
Apr 8, 2020$2,011$44,091
Apr 8, 2019$2,011$43,228
Apr 8, 2018$1,893$42,382
Apr 8, 2017$1,893$41,552
Apr 8, 2016$1,857$40,738
Apr 8, 2015$1,682$40,127
Apr 8, 2014$1,191$39,342
Apr 8, 2013—$39,165
Apr 8, 2012—$38,398
Apr 8, 2011—$37,646
Apr 8, 2010—$37,366
Apr 8, 2009—$37,456
Apr 8, 2008—$36,723
Apr 8, 2007—$36,004
Apr 8, 2006—$35,299
Apr 8, 2005—$34,608
Apr 8, 2004—$33,930
Apr 8, 2003—$33,309
Apr 8, 2002—$32,657
Apr 8, 2001—$32,017
Nearby homes
Neighborhood details
Local context around this listing
San Jose, CA • Santa Clara County
Nearby neighborhoods
Almaden ValleyBlossom ValleyCambrian ParkDowntownEast San JoseEvergreenFairgroundsNorth ValleyWest San JoseWillow Glen
Nearby cities
CupertinoGilroyLivermoreMilpitasMorgan HillMountain ViewPalo AltoSan Jose
Nearby zip codes
95111951129511695122951239512495125951279513695148
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Based on information from the MLSListings MLS as of 2026-04-07 22:25:20 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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