358 N 7th Street, San Jose, CA 95112

Local realty services provided by:ERA Excel Realty
358 N 7th Street,San Jose, CA 95112
$2,925,000
  • - Beds
  • - Baths
  • 6,536 sq. ft.
  • Multi-family
  • Active
Listed by:michael shields
Office:siliconvalley multifamilygroup
MLS#:ML82023937
Source:CRMLS

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 #:ML82023937
  • Added:1 day(s) ago
  • Updated:October 07, 2025 at 12:22 AM

Rooms and interior

  • Living area:6,536 sq. ft.

Heating and cooling

  • Cooling:Central Air, Wall Window Units
  • Heating:Radiant

Structure and exterior

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

Schools

  • Elementary school:Grant

Utilities

  • Water:Public

Finances and disclosures

  • Price:$2,925,000
  • Price per sq. ft.:$447.52
  • Tax amount:$40,041
Based on information from California Regional Multiple Listing Service, Inc. as of October 7, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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