723 Forestdale Avenue, San Jose, CA, CA 95116
- $1,395,000
- 3,381
- SqFt
- List Price
- $1,395,000
- Status
- ACTIVE
- MLS#
- ML82061054
- County
- Santa Clara
- Year Built
- 1960
- Building Square Feet
- 3,381
- Square Feet
- 5,610
- Days on Market
- 1
- Property Type
- Multifamily
Property Description
The Downtown SJ Fourplex at 723 Forestdale Avenue presents an exceptional value-add multifamily investment opportunity in the heart of San Jose. The property consists of 4 spacious two-bedroom, one-bathroom apartments totaling approximately 3580 square feet on a 5,610-square-foot parcel. Recent 2026 capital improvements include exterior renovations, plumbing repairs, newly constructed decking, and completion of all required City of San Jose inspections. Ideally located minutes from Downtown San Jose, Highways 680 and 101, shopping, and major employment centers, the property benefits from strong rental demand and excellent long-term fundamentals. Current annual rental income of approximately $90,306 offers substantial upside to an estimated market income of over $110,000 through continued rent growth and operational improvements. Offered at $1,395,000, the asset features a projected pro forma capitalization rate of approximately 7.88%, providing investors with a rare opportunity to acquire a well-maintained property offering both stable in-place cash flow and significant future appreciation potential.
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Additional Information
- Taxes
- $17,636
- Parcel Number
- 47232009
- Gross Scheduled Income
- $89,166
- Number of Buildings
- 1
- Heat
- Wall Furnace
- Cooling
- Yes
- Roof
- Composition
- Water
- Public
- School District
- Other
Listing courtesy of Listing Agent: Nick Oliver (nick@redwoodpropertyco.com) from Listing Office: Redwood Property Company.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.