723 Forestdale Avenue, San Jose, CA 95116
List Price: $1.4M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms · 3,381 sq ft
Property Type: ResidentialIncome
Year Built: 1960
Lot Size: 5,610 sq ft
Annual Property Tax: $17,636
MLS Number: ML82061054
About This Property
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.
Listing provided by: Nick Oliver DRE #02133612 (831) 224-6903 nick@redwoodpropertyco.com, Redwood Property Company
Source: CRMLS, MLS #: ML82061054
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.