723 Forestdale AVE

$1,395,000

723 Forestdale AVE, San Jose, CA, 95116

3,381 sqft

Listing courtesy of Nick Oliver, Redwood Property Company
Listing broker contact: 831-275-5320 · nick@redwoodpropertyco.com

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.

Listing details

MLS #: ML82061054
Status: Active
Property type: Fourplex
Living area: 3,381 sqft
Lot size: 5,610 sqft
Year built: 1960
Garage: 0
List price: $1,395,000
List date: 2026-09-11
Listing agent: Nick Oliver
Listing office: Redwood Property Company

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