$2,925,000

358 N 7th Street, San Jose, CA 95112

6,536 sqft

other
Built in 1961
0.29acre lot
—— car garage
$448/sqft
Listed 1 month ago

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.

Listing Status:: Active
Date Added:: October 6, 2025 at 05:00AM
Listing Office:: SiliconValley MultiFamilyGroup : 408-356-1900
Listing Agent:: Michael Shields : 408-356-1900
MLS ID:: ML82023937

Laundry: Coin Operated
Flooring: Hardwood
A/C: Ceiling Fan(s)
Heating: Radiant

School District: San Jose Unified
County: Santa Clara

Zoning: RM24950022
View: Downtown

This listing courtesy of Michael Shields, SiliconValley MultiFamilyGroup

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Horace Mann Elementary School

55 N 7th St, San Jose, CA, 95112

Grades KG-5

0.38 miles away

Burnett Middle School

850 N 2nd St, San Jose, CA, 95112

Grades 6-8

0.92 miles away

San Jose High School

275 N 24th St, San Jose, CA, 95116

Grades 9-12

0.95 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.