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… Read More 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. Read Less
Listed by: Redwood Property Company, Nick Oliver 831-275-5320
Listing Snapshot
Days Online
20
Last Updated
Property Type
Fourplex
Square Ft.
3,381
Lot Size
0.13 Acres
Year Built
1960
MLS Number
ML82061054
30 Days Snapshot Of 95116
$770k
-7%
(avg) sold price
15
+50%
homes sold
34
+9%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 5610.00, Max Area Units: Square Feet
Unit One
2 bedrooms in unit 1, Unit 1 rent: $1,499
Unit Two
2 bedrooms in unit 2, Unit 2 rent: $1,499
Unit Three
2 bedrooms in unit 3, Unit 3 rent: $1,737
Unit Four
2 bedrooms in unit 4
Accessibility Features
None
Building
Built in 1960, 4 building units, 1 building, 3,381 structure square feet
Roof
Composition
Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
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