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358 N 7th St
San Jose, CA 95112 Northside

$2,500,000 USD

Apartments For Sale  •  9,230 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,230 SF
  • Lot Size 0.22 AC
  • Building Class C
  • Year Built 1961
  • Zoning R4, San Jose
69 Transit Score
85 Walk Score

Highlights

Significant price reduction!
Value-Add Opportunity in Downtown San Jose!
Significant upside potential through renovation and rental increases
Pro Forma: 9.15% Cap Rate; 8.1 GRM. Current: 4.25% Cap Rate; 13.8 GRM
Below market rents. Some deferred maintenance.
PROPERTY VIEWING - Friday December 5th, 12-2pm

Property Flyers

Amenities

  • Laundry Facilities

Public Transportation

Commuter RailDriveWalkDistance
5 min - 1.7 mi
5 min - 1.9 mi
Transit/SubwayDriveWalkDistance
St. James Station southbound (Alum Rock - Santa Teresa Line - Santa Clara VTA Light Rail, Mountain View - Winchester Line - Santa Clara VTA Light Rail) 2 min 12 min 0.6 mi
St. James Station northbound (Alum Rock - Santa Teresa Line - Santa Clara VTA Light Rail, Mountain View - Winchester Line - Santa Clara VTA Light Rail) 2 min 13 min 0.7 mi
Japantown/Ayer Station (Alum Rock - Santa Teresa Line - Santa Clara VTA Light Rail, Mountain View - Winchester Line - Santa Clara VTA Light Rail) 3 min 14 min 0.7 mi
Santa Clara Station southbound (Alum Rock - Santa Teresa Line - Santa Clara VTA Light Rail, Mountain View - Winchester Line - Santa Clara VTA Light Rail) 2 min 16 min 0.8 mi
Santa Clara Station northbound (Alum Rock - Santa Teresa Line - Santa Clara VTA Light Rail, Mountain View - Winchester Line - Santa Clara VTA Light Rail) 3 min 17 min 0.9 mi
AirportDriveWalkDistance
Norman Y Mineta San Jose International 8 min - 3.5 mi
Metro Oakland International 47 min - 35.2 mi
San Francisco International 47 min - 36.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 9
Type: Covered
Included in Rent: Yes
Michael Shields 408-356-1900 Silicon Valley Multifamily Group
Michael Shields 408-356-1900 Silicon Valley Multifamily Group