358 N 7th ST new Save Request In-Person Tour Request Virtual Tour
San Jose,CA 95112
Key Details
Property Type Multi-Family
Sub Type Multiple Dwellings / Structures
Listing Status Active
Purchase Type For Sale
Square Footage 6,536 sqft
Price per Sqft $447
MLS Listing ID ML82023937
Year Built 1961
Lot Size 0.285 Acres
Property Sub-Type Multiple Dwellings / Structures
Property Description
13-unit multifamily in downtown San Jose. Features 12 one-bedroom/one-bath units and 1 studio, with on-site laundry, 12 parking spaces (9 covered), and attractive curb appeal with mature landscaping. Current average rent is $1,339/month vs. ~$2,000 market, creating strong value-add potential. Priced below area averages at $225k/unit with a 4.4% cap rate and 13.96 GRM, pro forma returns reach 7.67% cap and 9.47 GRM. Built in 1961 on a 12,420 SF lot, the 6,536 SF structure offers stable cash flow with upside through renovations, rent increases, and compliance upgrades. Ideal for investors seeking repositioning opportunities, 1031 exchange buyers, or those comfortable with renovation-driven appreciation. Marketing package and disclosures available.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning RM
Rooms
Kitchen 220 Volt Outlet,Appliances - Vary by Unit,Dishwasher,Microwave
Interior
Heating Radiant
Cooling Ceiling Fan,Central AC,Window / Wall Unit
Flooring Carpet,Hardwood
Laundry Coin Operated
Exterior
Parking Features Carport ,Parking Area
Utilities Available Individual Electric Meters,Individual Gas Meters
View Downtown
Roof Type Flat / Low Pitch,Tar and Gravel
Building
Lot Description Grade - Level
Story 2
Foundation Concrete Perimeter
Sewer Sewer Connected,Sewer in Street
Water Public
Level or Stories 2
Others
Tax ID 249-50-022
Security Features None
Horse Property No
Special Listing Condition Not Applicable