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$4,590,000

  • For Sale
  • Active
  • Multi-Family
  • 24 Total Beds
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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.

Full Property Details for 231 E San Fernando St

General

  • Price: $4,590,000
  • Status: Active
  • Type: Multi-Family
  • Source: San_Francisco
  • MLS ID: 426129453
  • Updated: 5/11/2026
  • Added to Site: 18 day(s) ago

Interior

  • Number of Rooms: 36
  • Appliances: Free-Standing Electric Range, Free-Standing Gas Oven, Free-Standing Refrigerator, Microwave
  • Flooring: Tile, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 12
  • Full Bathrooms: 12

Bedrooms

  • Total Bedrooms: 24

Other Rooms

  • Laundry: Coin Operated, Common Area, In Unit, Coin Operated, Common Area, In Unit

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars

Parking

  • Parking Features: Carport

Location

  • Area: Central San Jose
  • County: Santa Clara
  • Cross Streets: S 6th St

Heating & Cooling

  • Cooling Type: Room Air, Window Unit(s)
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: City, Electricity Available, Internet Available, Natural Gas Connected, Sewer Connected

Structural Information

  • Construction: Frame, Stucco
  • Basement Desc.: None
  • Foundation: Slab
  • Roof: Flat
  • Stories/Levels: 3
  • Square Feet: 7,776
  • Sq. Ft. Source: Assessor Auto-Fill
  • Living Area: 7,776 Sq. Ft.
  • Year Built: 1960

Lot Features

  • Lot Size (Acres): 0.1515
  • Lot Size (Sq. Ft.): 6,599
  • Topography: Level
  • Lot Features: Shape Regular

Financial Considerations

  • For Sale: Yes
  • Tenant Pays: Electricity, Gas, Insurance

Disclosures and Reports

  • Special Conditions: Standard
  • APN: 46724008

Listed by Suen, Peter, Huan Fang

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Listing agent

— 231 E San Fernando St —

  • Huan Fang

    Suen, Peter

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 231 E San Fernando St

School District:San Jose Unified School District
NameGradesDistance
Horace Mann Elementary School, San Jose, CA
55 North 7th Street, San Jose, CA 95112
K-50.2 mi
Herbert Hoover Middle School, San Jose, CA
1635 Park Avenue, San Jose, CA 95126
6-82.2 mi
Abraham Lincoln High School
555 Dana Avenue, San Jose, CA 95126
9-122.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 231 E San Fernando St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/11/2026
Listed
$4,590,000
41.23%
MLS
7/16/2024
Sold
$3,250,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 231 E San Fernando St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$20,544
—
$3,250,000
156%
2024
$20,544
3%
$1,268,006
2%
2023
$19,925
1%
$1,243,144
2%
2022
$19,813
3%
$1,218,769
2%
2021
$19,225
1%
$1,194,872
1%
2020
$18,970
2%
$1,182,621
2%
2019
$18,562
1%
$1,159,433
2%
2018
$18,344
1%
$1,136,700
2%
2017
$18,150
2%
$1,114,412
2%
2016
$17,752
1%
$1,092,562
2%
2015
$17,506
3%
$1,076,151
2%
2014
$16,937
1%
$1,055,072
—
2013
$16,796
—
$1,050,304
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Suen, Peter, Huan Fang

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231 E San Fernando Street, San Jose, CA 95112 (MLS# 426129453) is a Multi-Family property with 12 units containing 24 bedrooms and 12 full bathrooms. 231 E San Fernando Street is currently listed for $4,590,000 and was received on May 11, 2026. Want to learn more about 231 E San Fernando Street? Do you have questions about finding other Multi-Family real estate for sale in San Jose? You can browse all San Jose real estate or contact a Coldwell Banker agent to request more information.

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