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.
Sold for $2,299,500
$2,299,500
358 N 7th St, San Jose, CA 95112
--beds
--baths
6,536sqft
Residential Income
Built in 1961
-- sqft lot
$-- Zestimate®
$352/sqft
$2,097 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,097/mo
Zestimate® history
Owner options
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$2,097/mo
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$2,097/mo
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$14,703/mo
Est. payment
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$14,703/mo
Est. payment
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List your homeWhat's special
Mature landscapingOn-site laundry
Zillow last checked:
Listing updated:
Listed by:
Michael Shields 01327546 408-356-1900,
SiliconValley MultiFamilyGroup 408-356-1900
Bought with:
Michael Shields, 01327546
SiliconValley MultiFamilyGroup
Source: MLSListings Inc,MLS#: ML82023937
Facts & features
Interior
Kitchen
- Features: _220VoltOutlet
Heating
- Radiant
Cooling
- Ceiling Fan(s), Central Air, Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Microwave
- Laundry: Coin Operated
Features
- Flooring: Carpet, Hardwood
Interior area
- Total structure area: 6,536
- Total interior livable area: 6,536 sqft
Property
Parking
- Total spaces: 13
- Parking features: Carport, Parking Area
- Carport spaces: 13
Accessibility
- Accessibility features: Parking
Features
- Stories: 2
- Has view: Yes
- View description: Downtown
Lot
- Size: 0.29 Acres
- Features: Level
Details
- Parcel number: 24950022
- Zoning: RM
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Flat, TarGravel
Condition
- Year built: 1961
Utilities & green energy
- Gas: IndividualGasMeters
- Water: Public
- Utilities for property: Water Public, Individual Electric Meters, Individual Gas Meters
Community & neighborhood
Location
- Region: San Jose
Other
Other facts
- Listing agreement: ExclusiveRightToSell
Price history
| Date | Event | Price |
|---|---|---|
| 2/10/2026 | Sold | $2,299,500-8%$352/sqft |
Source:  MLSListings Inc #ML82023937 Report a problem | ||
| 12/10/2025 | Contingent | $2,500,000$382/sqft |
Source: MLSListings Inc #ML82023937 Report a problem | ||
| 11/21/2025 | Price change | $2,500,000-14.5%$382/sqft |
Source: MLSListings Inc #ML82023937 Report a problem | ||
| 10/6/2025 | Listed for sale | $2,925,000+77.3%$448/sqft |
Source: MLSListings Inc #ML82023937 Report a problem | ||
| 9/3/2010 | Sold | $1,650,000+5.8%$252/sqft |
Source: Public Record Report a problem | ||
| 5/24/2005 | Sold | $1,560,000+35.7%$239/sqft |
Source: Public Record Report a problem | ||
| 3/1/2000 | Sold | $1,150,000$176/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $32,046 +5.9% | $2,113,931 +2% |
| 2024 | $30,260 +2.7% | $2,072,483 +2% |
| 2023 | $29,477 +0.6% | $2,031,847 +2% |
| 2022 | $29,289 +2.6% | $1,992,008 +2% |
| 2021 | $28,538 +1.5% | $1,952,950 +1% |
| 2020 | $28,127 | $1,932,926 +2% |
| 2019 | $28,127 +3.2% | $1,895,026 +2% |
| 2018 | $27,254 | $1,857,870 +2% |
| 2017 | $27,254 +0.9% | $1,821,442 +2% |
| 2016 | $26,998 +2.9% | $1,785,729 +1.5% |
| 2015 | $26,228 +2.6% | $1,758,907 +2% |
| 2014 | $25,574 | $1,724,453 +0.5% |
| 2013 | -- | $1,716,660 +2% |
| 2012 | -- | $1,683,000 +2% |
| 2011 | -- | $1,650,000 -2.1% |
| 2010 | -- | $1,684,590 -0.2% |
| 2009 | -- | $1,688,593 +2% |
| 2008 | -- | $1,655,484 +2% |
| 2007 | -- | $1,623,024 +2% |
| 2006 | -- | $1,591,200 +25.5% |
| 2005 | -- | $1,268,034 +2% |
| 2004 | -- | $1,243,171 +1.9% |
| 2003 | -- | $1,220,387 +2% |
| 2002 | -- | $1,196,459 +2% |
| 2001 | -- | $1,173,000 |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 1/10Grant Elementary SchoolGrades: K-5Distance: 0.4 mi
- 4/10Muwekma Ohlone MiddleGrades: 6-8Distance: 0.9 mi
- 5/10San Jose High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: GrantElementary_1
- District: SanJoseUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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