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Fortune Peak Properties
358 N 7th ST, San Jose, CA 95112
- $2,299,500
- 6,536
- SqFt
Listing courtesy of Michael Shields from SiliconValley MultiFamilyGroup. 408-356-1900
Selling Office: SVN.- Sold Price
- $2,299,500
- List Price
- $2,500,000
- Status
- SOLD
- Closing Date
- Feb 10, 2026
- MLS#
- ML82023937
- Subtype
- mul
- Year Built
- 1961
- Living Area
- 6,536
- Lot Size
- 12,420
- Acres
- 0.29
- Neighborhood
- Central San Jose
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. 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.
Additional Information
- Zoning
- RM
- Roof
- Flat / Low Pitch, Tar and Gravel
- Foundation
- Concrete Perimeter
- View
- Downtown
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