231 E San Fernando is a fully stabilized, turnkey multifamily asset in the heart of Downtown San Jose. The property has completed a fully permitted remodel, significantly increasing bedroom count and rental income. All major value-add work has been completed, allowing a new owner to immediately benefit from strong in-place cash flow. Located directly across from San Jose State University(SJSU), the property enjoys consistent rental demand, minimal vacancy, and easy leasing. Supported by a strong student tenant base and proximity to Silicon Valley employers, this asset offers both immediate yield and long-term growth potential.
For sale
$4,590,000
231 E San Fernando St, San Jose, CA 95112
24beds
7,776sqft
:
Get pre-qualified$31,426/mo
Multi Family
Built in 1960
-- sqft lot
$-- Zestimate®
$590/sqft
$-- HOA
What's special
- 77 days |
- 327 |
- 20 |
Zillow last checked:
Listing updated:
Listed by:
Huan Fang DRE #02148629 510-541-2398,
Suen, Peter 415-513-6110
Source: SFAR,MLS#: 426129453
Originating MLS: San Francisco Association of REALTORS
Originating MLS: San Francisco Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 12
- Full bathrooms: 12
Heating
- Wall Furnace
Cooling
- Room Air, Window Unit(s)
Appliances
- Included: Free-Standing Electric Range, Free-Standing Gas Oven, Free-Standing Refrigerator, Microwave
- Laundry: Coin Operated, Common Area, In Unit
Features
- Flooring: Tile, Vinyl
- Basement: None
Interior area
- Total structure area: 7,776
- Total interior livable area: 7,776 sqft
Property
Parking
- Total spaces: 10
- Parking features: Carport
- Has carport: Yes
Features
- Levels: Three Or More
- Stories: 3
Lot
- Size: 6,599 Square Feet
- Features: Shape Regular
- Topography: Level
Details
- Parcel number: 46724008
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stucco
- Foundation: Slab
- Roof: Flat
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1960
Utilities & green energy
- Electric: Separate Meter
- Gas: Separate Meter
- Sewer: Public Sewer
- Water: Public
- Utilities for property: City, Electricity Available, Internet Available, Natural Gas Connected, Sewer Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
HOA
- Has HOA: No
Location
- Region: San Jose
- Elevation: 0
Financial & listing details
- Price per square foot: $590/sqft
- Tax assessed value: $3,250,000
- Annual tax amount: $66,192
- Price range: $4.6M - $4.6M
- Date on market: 5/11/2026
- Listing terms: Owner May Carry
- Total actual rent: 10960
- Tenant pays: Electricity, Gas, Insurance
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/11/2026 | Listed for sale | $4,590,000+41.2%$590/sqft |
Source:  SFAR #426129453 Report a problem | ||
| 7/23/2024 | Sold | $3,250,000$418/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $66,192 +222.2% | $3,250,000 +156.3% |
| 2024 | $20,544 +3.1% | $1,268,006 +2% |
| 2023 | $19,925 +0.6% | $1,243,144 +2% |
| 2022 | $19,813 +3.1% | $1,218,769 +2% |
| 2021 | $19,225 +1.3% | $1,194,872 +1% |
| 2020 | $18,970 | $1,182,621 +2% |
| 2019 | $18,970 +3.4% | $1,159,433 +2% |
| 2018 | $18,344 | $1,136,700 +2% |
| 2017 | $18,344 +1.1% | $1,114,412 +2% |
| 2016 | $18,150 +3.7% | $1,092,562 +1.5% |
| 2015 | $17,506 | $1,076,151 +2% |
| 2014 | $17,506 | $1,055,072 +0.5% |
| 2013 | -- | $1,050,304 +2% |
| 2012 | -- | $1,029,711 +2% |
| 2011 | -- | $1,009,521 +0.8% |
| 2010 | -- | $1,001,977 -0.2% |
| 2009 | -- | $1,004,358 +2% |
| 2008 | -- | $984,665 +2% |
| 2007 | -- | $965,359 +2% |
| 2006 | -- | $946,431 +2% |
| 2005 | -- | $927,875 +2% |
| 2004 | -- | $909,682 +1.9% |
| 2003 | -- | $893,010 +2% |
| 2002 | -- | $875,501 +2% |
| 2001 | -- | $858,335 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 3/10Horace Mann Elementary SchoolGrades: K-5Distance: 0.2 mi
- 4/10Herbert Hoover Middle SchoolGrades: 6-8Distance: 2.2 mi
- 7/10Abraham Lincoln High SchoolGrades: 9-12Distance: 2.3 mi
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