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$ 1,395,000
Est. payment /mo
New
723 Forestdale AVE San Jose, CA 95116
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
HOA Y/N No
Year Built 1960
Annual Tax Amount $17,636
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
Area 699 - Not Defined
Zoning R3
Interior
Heating Wall Furnace
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Accessibility None
Total Parking Spaces 8
Building
Story 2
Foundation Concrete Perimeter
Water Public
Schools
School District Other
Others
Tax ID 47232009
Special Listing Condition Standard
Listed by Nick Oliver Redwood Property Company #02133612