723 Forestdale Avenue, San Jose, CA 95116

San Jose
Local realty services provided by:Better Homes and Gardens Real Estate Champions
723 Forestdale Avenue,San Jose, CA 95116
$1,395,000
  • - Beds
  • - Baths
  • 3,381 sq. ft.
  • Multi-family
  • Active
Listed by: nick oliver, alex budka
Office: redwood property company831-224-6903
MLS#:ML82061054
Source:CRMLS

Price summary

  • Price:$1,395,000
  • Price per sq. ft.:$412.6

About this home

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...

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Home facts

  • Year built:1960
  • Listing ID #:ML82061054
  • Added:4 day(s) ago
  • Updated:September 16, 2026 at 10:57 AM

Rooms and interior

  • Living area:3,381 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Composition
  • Year built:1960
  • Building area:3,381 sq. ft.
  • Lot area:0.13 Acres
  • Foundation Description:Concrete Perimenter

Utilities

  • Water:Public

Finances and disclosures

  • Price:$1,395,000
  • Price per sq. ft.:$412.6
  • Tax amount:$17,636

Parking

  • Total parking spaces:8
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