Property Details
About this Property
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.
MLS Listing Information
MLS #
ML82023937
MLS Source
MLSListings, Inc.
Days on Site
29
Interior Features
Kitchen
220 Volt Outlet
Appliances
Dishwasher, Microwave
Flooring
Carpet, Hardwood
Laundry
Coin Operated
Cooling
Ceiling Fan, Central Forced Air, Window/Wall Unit
Heating
Radiant
Exterior Features
Roof
Flat, Tar/Gravel
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Carport, Parking Area, Garage: 0 Car(s)
Elementary District
San Jose Unified
High School District
San Jose Unified
Water
Public
Zoning
RM
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 13 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
358 N 7th St is a Residential Income in San Jose, CA 95112. This 6,536 square foot property sits on a 0.285 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,925,000 and was built in 1961. This address can also be written as 358 N 7th St, San Jose, CA 95112.
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This listing information is up-to-date as of October 06, 2025. For the most current information, please contact Michael Shields, (408) 356-1900
