1037 North 7th Street

San Jose, CA 95112

$2,150,000
Price
Beds
4,065 Sq. Ft.
$529 / Sq. Ft.
4,065
Sq. Ft.
$529
per Sq. Ft.

Description

OPEN HOUSE - FRIDAY, DECEMBER 6TH - 11am-1230PM Marcus & Millichap is pleased to present 1037 N 7th Street, a seven apartment complex located in San Jose CA. 1037 N 7th Street was constructed in 1956 and offers 4,065 square feet of net rentable building area, situated on a 7,144 square foot lot. The asset is located within walking distance of several schools, and within a five minute drive of San Jose State University. 1037 N 7th Street property offers an exceptional unit mix of five, two-bed one...OPEN HOUSE - FRIDAY, DECEMBER 6TH - 11am-1230PM Marcus & Millichap is pleased to present 1037 N 7th Street, a seven apartment complex located in San Jose CA. 1037 N 7th Street was constructed in 1956 and offers 4,065 square feet of net rentable building area, situated on a 7,144 square foot lot. The asset is located within walking distance of several schools, and within a five minute drive of San Jose State University. 1037 N 7th Street property offers an exceptional unit mix of five, two-bed one bath units, one, one-bed, one bath unit and one studio, which have been well maintained but still offer a new investor the opportunity to upgrade them further and achieve full market rents.
  1. Listed by Fred Rubio • DRE #01984041 • Brokerage DRE #01240999 • Marcus & Millichap • 408-314-3009

Property Details for 1037 North 7th Street

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
0
Parking Spaces
4
LISTING UPDATED: 12/07/2024 12:20 AM

Property Details for 1037 North 7th Street

StatusActive
MLS #ML81987403
Days on Compass42
Taxes$24,581 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1956
Lot Size0.16 AC / 7,124 SF
CountySanta Clara County

Building Information for 1037 North 7th Street

Stories-Residences-Year Built1956Building Size-Lot Size0.16 AC / 7,124 SF

Property Information for 1037 North 7th Street

Features
Features
  • Fireplace: No
  • Living SqFt: 4065
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer in Street
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Water On Site
Carport and Parking
  • Carport Min: 2
Garage
  • Garage and Parking: Carport, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 7
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Flat / Low Pitch
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1037
  • Street Name: 7th
  • Street Direction Prefix: North
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 4065
  • Structure SqFt Source: Assessor
  • Age: 68
Development Information
  • Zoning Detail: R3
Location Information
  • Parcel Number: 235-11-012
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95112
  • Elementary School District: 482
  • High School District Text: San Jose Unified
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Lot Acres: .16
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 6
General Information
  • Annual Tax Amount: $24,581
  • Capitalization Rate: 5.55
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: None
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $7,000
  • Expense Landscape: $1,200
  • Expense Maintenance: $3,500
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $9,382
  • Expenses Utility: $5,580
  • Expenses Total: $51,243
  • Operating Expenses Include: Fee - Other Taxes, Fee - Property Tax, Insurance, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 12.23
  • Income Annual Gross: $170,526
  • Income Annual Rental: $175,800
  • Income Gross Scheduled: $175,800
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 0
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,900
Unit 2 Information
  • Unit 2 Approx Square Footage: 600
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 0
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,000
Unit 3 Information
  • Unit 3 Approx Square Footage: 500
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Half Bathrooms: 0
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $1,500
Unit Type 1
  • Unit Type1 Approx SqFt: 700

Property History for 1037 North 7th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1037 North 7th Street

Taxable ValueLand$33,713Additions$94,195Total$127,908
Home Facts
Total Finished SqFt4,065 SqFtAbove Grade Finished SqFt4,065 SqFtStories2Lot Size7,124 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningR3CountySANTA CLARAAPN235-11-012Fireplace TypeHas Fireplace

Schools near 1037 North 7th Street

This home is within San Jose Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Walter L. Bachrodt Elementary School
PublicK to 5

Muwekma Ohlone Middle
Public6 to 8

San Jose High School
Public9 to 12

Ace Inspire Academy
Charter5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1037 North 7th Street is for sale in San Jose, CA 95112. This property was listed for sale on November 25, 2024 by Marcus & Millichap, it's currently listed at $2,150,000. This listing's school district is San Jose Unified School District. Nearby schools include Walter L. Bachrodt Elementary School, Muwekma Ohlone Middle and San Jose High School. 1037 North 7th Street is a 0-bed, 0-bath, 4,065 sqft built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Fred Rubio, DRE #01984041

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.