CA > San Jose
San Jose, CA 95112,358 N 7th Street
San Jose, CA 95112,358 N 7th Street
San Jose, CA 95112,358 N 7th Street
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Altie Schmitt

Altie Schmitt

+1(925) 528-8000
Listed by Michael Shields • SiliconValley MultiFamilyGroup
$2,925,000
Est. payment /mo
6,536 SqFt
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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type OTHER

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

Lot Size 0.285 Acres

Property Sub-Type OTHER

Source Datashare MLSListings

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

Interior

Heating Radiant

Cooling Ceiling Fan(s)

Flooring Hardwood

Fireplace No

Laundry Coin Operated

Exterior

View Downtown

Building

Lot Description Level

Schools

School District San Jose Unified, San Jose Unified

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Altie Schmitt

Altie Schmitt

+1(925) 528-8000

Partner at Village Associates | License ID: 00924672

Partner at Village Associates License ID: 00924672

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