Homes for sale - 358 N 7th ST, San Jose, CA 95112

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Rachell Lara

rachell@laraandco.com +1(619) 316-7445

$ 2,925,000

Est. payment | -/mo

6,536 SqFt

Save

$ 2,925,000

Est. payment | -/mo

Save

6,536 SqFt

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,536 sqft

Price per Sqft $447

MLS Listing ID ML82023937

HOA Y/N No

Year Built 1961

Annual Tax Amount $40,041

Lot Size 0.285 Acres

Property Sub-Type Mixed Use

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 699 - Not Defined

Zoning RM

Interior

Heating Radiant

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Wood

Fireplace No

Appliance Dishwasher, Microwave

Exterior

Parking Features Carport

Carport Spaces 13

View Y/N Yes

Roof Type Flat,Tar/Gravel

Accessibility Parking

Total Parking Spaces 12

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter

Water Public

Schools

Elementary Schools Grant

School District San Jose Unified

Others

Tax ID 24950022

Special Listing Condition Standard

Listed by Michael Shields SiliconValley MultiFamilyGroup

+1(619) 316-7445

rachell@laraandco.com

1420 Kettner Blvd. # 100, Diego, CA, 92101, USA

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