420 South 7th Street

San Jose, CA 95112

$1,995,000
Price
Beds
4,122 Sq. Ft.
$484 / Sq. Ft.
4,122
Sq. Ft.
$484
per Sq. Ft.

Description

Nestled in the heart of Santa Clara County, this vibrant six-unit apartment complex in Downtown San Jose offers an incredible investment opportunity, Unit 6 is currently vacant! The current rent for unit 6 reflects market rent. This standout property boasts a versatile unit mix of (5) 2 Bed, 1 Bath & (1) 1 Bed, 1 Bath units, all equipped with designated carports and a convenient laundry room. With approximately 4,122 square feet of living space on a 0.14-acre lot, this building promises both comfort...Nestled in the heart of Santa Clara County, this vibrant six-unit apartment complex in Downtown San Jose offers an incredible investment opportunity, Unit 6 is currently vacant! The current rent for unit 6 reflects market rent. This standout property boasts a versatile unit mix of (5) 2 Bed, 1 Bath & (1) 1 Bed, 1 Bath units, all equipped with designated carports and a convenient laundry room. With approximately 4,122 square feet of living space on a 0.14-acre lot, this building promises both comfort for tenants and strong rental income potential for investors. What makes 420 S 7th St truly special is its unbeatable location. Just steps from San Jose State University, this property is a top choice for students, thanks to its low vacancies and high rental demand in the area. The location couldn't be better! You are less than a mile from San Pedro Square and have easy access to Highway 280, 101, and 680, putting all of San Jose's attractions within reach. Plus, you'll be close to major employers like Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, and the Apple Headquarters. Don't miss this rare chance to invest in one of San Jose's most sought-after areas! Schedule a viewing and secure 420 S 7th St as your next great investment.

Listing Agents

  1. Ray Rodriguez

    Ray Rodriguez

    Listing Agent

    Compass

    DRE #01999734

    ray.rodriguez@compass.com

    P: (626)-483-5136

  2. Tony Zizzo

    Tony Zizzo

    Alternative Listing Agent

    Compass

    DRE #01962093

    tony.zizzo@compass.com

    P: (408)-772-8661

Property Details for 420 South 7th Street

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 12/11/2024 02:20 PM

Property Details for 420 South 7th Street

StatusActive
MLS #ML81988332
Days on CompassListed Today
Taxes$22,923 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1959
Lot Size0.14 AC / 6,210 SF
CountySanta Clara County

Building Information for 420 South 7th Street

Stories-Residences-Year Built1959Building Size-Lot Size0.14 AC / 6,210 SF

Property Information for 420 South 7th Street

Features
Features
  • Fireplace: No
  • Living SqFt: 4122
  • Pool: No
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: Other
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Private
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Private / Mutual
Carport and Parking
  • Carport Min: 6
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Central San Jose
  • Roof: Flat / Low Pitch, Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 420
  • Street Name: 7th
  • Street Direction Prefix: South
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 4122
  • Structure SqFt Source: Assessor
  • Age: 65
Development Information
  • Ownership Type: Individual
  • Zoning Detail: RM
Location Information
  • Parcel Number: 467-48-069
  • 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, Crawl Space
  • Lot Acres: .14
  • 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: 5
General Information
  • Annual Tax Amount: $22,923
  • Capitalization Rate: 5.56
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $6,000
  • Expense Landscape: $0
  • Expense Maintenance: $3,000
  • Expense Management: $0
  • Expense Trash: $5,135
  • Expenses Other: $2,928
  • Expenses Utility: $6,104
  • Expenses Total: $46,090
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 12.32
  • Income Annual Gross: $157,024
  • Income Annual Rental: $161,880
  • Income Gross Scheduled: $161,880
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,095
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,785

Property History for 420 South 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 420 South 7th Street

Taxable ValueLand$480,724Additions$697,055Total$1,177,779
Tax Record2024$16,646 ($1,387 / month)
Home Facts
Total Finished SqFt4,122 SqFtAbove Grade Finished SqFt4,122 SqFtStories2Lot Size6,210 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningRMCountySANTA CLARAAPN467-48-069Fireplace TypeHas Fireplace

Schools near 420 South 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
Lowell Elementary School
PublicK to 5

Herbert Hoover Middle School
Public6 to 8

Abraham Lincoln High School
Public9 to 12

Downtown College Preparatory Middle
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

420 South 7th Street is for sale in San Jose, CA 95112. This listing's school district is San Jose Unified School District. Nearby schools include Lowell Elementary School, Herbert Hoover Middle School and Abraham Lincoln High School. 420 South 7th Street is a 0-bed, 0-bath, 4,122 sqft built in 1959.

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 Compass, Ray Rodriguez, DRE #01999734; Compass, Tony Zizzo, DRE #01962093

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.