358 N 7th

San Jose San Jose, CA, 95112
For Lease $2,925,000/mo.
  • 6,536sqft
  • 12,420sf lot
Listing agent:
Michael Shields
SiliconValley MultiFamilyGroup
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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358 N 7th is a Residential Income property located in San Jose, California, featuring a 12,420 sqft lot, 6,536 sqft, MLS #ML82023937.
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Data last modified: 2025-10-06 18:53:53