358 N 7th St | San Jose, CA 95112
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- LoopNet Team
358 N 7th St
San Jose, CA 95112
Multifamily Property For Sale
·
13 Units
Investment Highlights
- Significant price reduction!
- Significant upside potential through renovation and rental increases
- Below market rents. Some deferred maintenance.
- Value-Add Opportunity in Downtown San Jose!
- Pro Forma: 9.15% Cap Rate; 8.1 GRM. Current: 4.25% Cap Rate; 13.8 GRM
- PROPERTY VIEWING - Friday December 5th, 12-2pm
Property Facts
| No. Units | 13 | Building Size | 9,230 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 0.98/1,000 SF |
| Lot Size | 0.22 AC | ||
| Zoning | R4, San Jose | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 9,230 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | R4, San Jose |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 12 | - | - |
Property Taxes
| Parcel Number | 249-50-022 | Improvements Assessment | $1,217,113 |
| Land Assessment | $896,818 | Total Assessment | $2,113,931 |
Property Taxes
Parcel Number
249-50-022
Land Assessment
$896,818
Improvements Assessment
$1,217,113
Total Assessment
$2,113,931
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