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INVESTORS! THIS PROPERTY IS TRULY A CASH MAKING MACHINE - CAP RATE OF 5.5!! It's a truly rare offering, both an historic and architectural gem and an exceptional income property in one of Silicon Valley's most exciting locations. It's a business opportunity that is totally dialed in as a SRO, with 10 bedrooms and an addition 4 suites for a total of 14 doors under rent. This property has been extensively renovated and has an effective age closer to 20-30 years. Thoughtful modernization includes a daylight lower level living area, concrete perimeter foundation, dual-pane windows, and updated electrical, plumbing, kitchen, and bathrooms. The home sits on a beautifully kept block of period homes in the shadow of San Jose's iconic City Hall, just one block from San Jose State University and minutes from SoFA, San Pedro Square, Diridon Station, and the future BART extension. For investors, owner-users, or visionaries seeking a downtown landmark with exceptional cash flow and long-term upside, opportunities like this come along but rarely.
Listing agent: Seb Frey DRE #01369847 sebfrey@compass.com, Listing office: Compass
MLS data updated 10/30/2026, 12:48:54 AM PT
Source: CRMLS, MLS #: ML82045003
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 27, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$2,400,000Asking price recorded · Oct 27, 2026ZIP 95112 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.