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About the Listing ML38388 - ML149125
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 Highlights for 358 N 7th St
Status
Active
Days on Site
19
Property Type
Multi-Family
MLS ®
ML82023937
Year Built
1961
Total Square Footage
6,536
Lot/Acreage
0.29
County
Santa Clara
Area
699 - Not Defined
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances: Dishwasher, Microwave
- Air Cond: Central Air,Wall/Window Unit(s)
- Heating: Radiant
- Fireplaces:
- Floor: Carpet,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 12
- Zoning: RM
- Roof: Flat,Tar/Gravel
- Others:
- Sewer:
- Parking Features: Carport
Financial Details
- Tax Amount: $40,041
- Taxes w/Assessments: N/A
- Tax/Property ID: 24950022
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
358 N 7th St San Jose, CA 95112
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