126-136 N 7th St 10 Unit Apartment Building $2,250,000 ($225,000/Unit) 4.63% Cap Rate San Jose, CA 95112

These properties offer the experienced investor a value-add opportunity as there is a possibility for an ADU to be added, and the
remaining older units to be remodeled. The wood structures also need some repair work.
The property is unique in that it consists of four residential structures totaling 5,873 SF on two parcels totaling 15,420 SqFt. The
property is zoned Residential Neighborhood in the San Jose 2040 General Plan so the structures are legal, non-conforming.
The property consists of 10 units in four structures on two contiguous lots with the following addresses:
- 126 N 7th Street – (2) 1BR/1BA units, (1) 2BR/1BA unit (Triplex: 126-1, 126-2, 126-3)
- 128 N 7th Street – (1) 3BR/1BA unit (Single Family Residence)
- 130 N 7th Street, Units 1 & 2 – (2) 1BR/1BA units (Duplex: 130-1, 130-2)
- 132, 132-A, 134, 136 N 7th Street – (4) 1BR/1BA units (Fourplex)
Structure 1: A Triplex. The triplex is located at 126 North 7th Street. This structure is on a separate parcel (APN 467-18-058). All units
were fully renovated in 2024. The structure consists of three, one-bedroom/one bath units. It is adjacent to the parcel with the
addresses of 128-136 N 7th Street (APN 467-18-059). One unit is currently vacant. This lot is 6,165 SF.
Structure 2: A single-family house. The SFR is located at 128 N 7th Street: a 3BD/1BA single family house is currently vacant and in
need of repairs and remodeling. Plans have been submitted the San Jose Planning Department to convert this into two units,
one 2BD/1BA and one 1BD/1BA unit. This and the two structures below are located on a 9,522 SF lot.
Structure 3: A duplex located behind the fourplex. The address of the duplex is 130 N 7th Street. Each unit is a 2BD/1BA and both
have been remodeled. Both units are rented.
Structure 4: A fourplex. The address of the fourplex is 132-136 N 7th Street. There are four 1BD/1BA units. Three are rented and one
is vacant. The vacant unit is in need of remodeling or repairs. One of the units has been remodeled. The exterior staircase in the
rear of the property needs to be removed. A permit for this demolition has been applied for. This structure also needs repairs on
the front staircase, as per the SB 721 report.
The two parcels are to be sold together. There is ample parking in the rear of this property. The parking area and the driveways on the two parcels are unpaved and
partially covered in gravel. The parcels are located in the Horace Mann neighborhood of North Downtown San Jose, and are just two blocks from San Jose
State University and two blocks from City Hall.