358 7th Street, San Jose, CA 95112

Local realty services provided by:ERA Excel Realty
358 7th Street,San Jose, CA 95112
$2,925,000
  • - Beds
  • - Baths
  • 6,536 sq. ft.
  • Multi-family
  • Active
Listed by:michael shields408-356-1900
Office:siliconvalley multifamilygroup
MLS#:82023937
Source:CAREIL

Price summary

  • Price:$2,925,000
  • Price per sq. ft.:$447.52

About this home

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.

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Home facts

  • Year built:1961
  • Listing ID #:82023937
  • Added:1 day(s) ago
  • Updated:October 07, 2025 at 04:26 PM

Rooms and interior

  • Living area:6,536 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan, Central Air, Window/Wall Unit
  • Heating:Radiant

Structure and exterior

  • Roof:Flat/Low Pitch, Tar & Gravel
  • Year built:1961
  • Building area:6,536 sq. ft.
  • Lot area:0.29 Acres

Schools

  • Middle school:Muwekma Ohlone Middle School
  • Elementary school:Grant Elementary

Utilities

  • Water:City/Public
  • Sewer:Connected, Sewer in Street

Finances and disclosures

  • Price:$2,925,000
  • Price per sq. ft.:$447.52
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