858-525-5007

358 7th, San Jose CA 95112 | $2,925,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 12420 Lot Sq Ft
  • Type: Mixed Use
  • Stories: 2
  • Year Built: 1961
  • MLS#: ML82023937
  • Community: 699 - Not Defined

Listing provided courtesy of Michael Shields of SiliconValley MultiFamilyGroup. Last updated 2025-10-07 08:11:56.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.29 Acres
2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985