The Downtown SJ Six-Plex at 749 Forestdale Avenue presents an exceptional value-add multifamily investment opportunity in the heart of San Jose. The property consists of six spacious one-bedroom, one-bathroom apartments. Recent 2026 capital improvements include exterior renovations, plumbing repairs, newly constructed decking, a renovated laundry facility, and completion of all… Read More 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 $112,480 offers substantial upside to an estimated market income of over $158,000 through continued rent growth and operational improvements. Offered at $1,495,000, the asset features a projected pro forma capitalization rate of approximately 8.06%, 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 photos enhanced/ edited with AI) Read Less
Listed by: Redwood Property Company, Nick Oliver (831) 275-5320
Listing Snapshot
Days Online
14
Last Updated
Property Type
Five Or More Units
Square Ft.
3,575
Lot Size
0.13 Acres
Year Built
1960
MLS Number
ML82056853
30 Days Snapshot Of 95116
$838k
+1%
(avg) sold price
8
-20%
homes sold
37
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 5610.00, Max Area Units: Square Feet, Lot is 0.12878787878788 acres
Accessibility Features
None
Unit One
700 approximate square feet, 1 bedroom
Building
3,575 structure square feet, Age: 66, Built in 1960, 1 building, 6 minimum units in complex
Cooling
None
Foundation
Concrete Perimeter
Garage
Common Parking Area
Water Features
Public
Heating
Wall Furnace
Tenant Pays
Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 42930
Property
Zoning: R3
Roof
Composition
Security Features
None
Taxes
Annual tax amount: $19,772
Sewer
Sewer - Public
Utilities
Master Water, Separate Electric, Separate Gas, Individual Electric Meters, Individual Gas Meters
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