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$ 1,395,000
Est. payment /mo
New
723 Forestdale Avenue San Jose, CA 95116
8 Beds
3,381 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,381 sqft
Price per Sqft $412
MLS Listing ID ML82061054
Bedrooms 8
HOA Y/N No
Year Built 1960
Lot Size 5,610 Sqft
Property Sub-Type Quadruplex
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.
Location
State CA
County Santa Clara
Zoning R3
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Fireplace No
Building
Water Public
New Construction No
Schools
School District East Side Union High
Others
Tax ID 47232009
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Nick Oliver • Redwood Property Company