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Welcome to 470 E Saint James Street a rare opportunity to acquire a residential lot in the heart of San Jose's urban core. The property currently features a fire-damaged structure, offering a compelling opportunity for redevelopment, restoration, or a complete new build. Positioned in a highly desirable location with excellent street frontage, this parcel sits within a neighborhood experiencing continued growth and revitalization. Just minutes from San Jose State University, Japantown, public transit, and major freeways, the property offers exceptional convenience and strong long-term upside. Key Highlights: Fire-damaged structure value primarily in the land Prime central location near SJSU, downtown amenities, and light rail Outstanding redevelopment potential (buyer to verify with City of San Jose) Bring your contractors, architects, and vision. Whether you're considering a custom single-family residence or exploring potential multi-unit development (subject to city approval), this is a unique opportunity to create something exceptional in Silicon Valley.
Listing agent: Rob Redmond DRE #02119102 rob@dd-re.com, Listing office: Dakota Dillon Real Estate
MLS data updated 10/27/2026, 8:52:09 AM PT
Source: CRMLS, MLS #: ML82040312
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Sep 1, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$500,000Asking price recorded · Sep 1, 2026ZIP 95112 · Sep 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.