CA > San Jose
San Jose, CA 95112,358 N 7th ST
San Jose, CA 95112,358 N 7th ST
San Jose, CA 95112,358 N 7th ST
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$2,925,000
Est. payment /mo
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6,536 SqFt
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358 N 7th ST San Jose, CA 95112

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Nathan King Real Estate Group

Nathan King Real Estate Group

+1(559) 396-0000

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

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

Annual Tax Amount $40,041

Lot Size 0.285 Acres

Property Sub-Type Mixed Use

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

Area 699 - Not Defined

Zoning RM

Interior

Heating Radiant

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Wood

Fireplace No

Appliance Dishwasher, Microwave

Exterior

Parking Features Carport

Carport Spaces 13

View Y/N Yes

Roof Type Flat,Tar/Gravel

Accessibility Parking

Total Parking Spaces 12

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter

Water Public

Schools

Elementary Schools Grant

School District San Jose Unified

Others

Tax ID 24950022

Special Listing Condition Standard

CRMLS – RECore
Listed by Michael Shields SiliconValley MultiFamilyGroup

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Nathan King Real Estate Group

Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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