CA > San Jose
San Jose, CA 95112,358 N 7th ST
San Jose, CA 95112,358 N 7th ST
San Jose, CA 95112,358 N 7th ST
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Listed by Michael Shields • SiliconValley MultiFamilyGroup
$2,925,000
Est. payment /mo
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6,536 SqFt
New

358 N 7th ST San Jose, CA 95112

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Madhu Sarkar

Madhu Sarkar

+1(650) 504-7768

UPDATED:

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

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Madhu Sarkar

Madhu Sarkar

DRE# 01702931 | License ID: 01702931

+1(650) 504-7768

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358 N 7th ST