Home | Santa Clara County | San Jose | 95116 | 723 Forestdale Ave
723 Forestdale Ave, San Jose, CA 95116
MLS: ML82061054 | Status: Active | Price: $1,395,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
3,381 |
5,610 |
1960 |
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.
| Field |
Value |
| MLS # |
ML82061054 |
| MLS Source |
MLSListings, Inc. |
| Days on Site |
1 |
Features
Interior Features
| Feature |
Details |
| Cooling |
Ceiling Fan |
| Heating |
Wall Furnace |
Exterior Features
| Feature |
Details |
| Roof |
Composition |
| Foundation |
Concrete Perimeter |
| Feature |
Details |
| Garage/Parking |
Assigned Spaces, Garage: 0 Car(s) |
| Elementary District |
Franklin-McKinley Elementary |
| High School District |
East Side Union High |
| Water |
Public |
| Zoning |
R3 |
| Listing Agent |
Co-Listing Agent |
| Nick Oliver |
Alex Budka |
| Redwood Property Company |
Redwood Property Company |
| License #: 02133612 |
License #: 01913403 |
| Phone: (831) 275-5320 |
Phone: (831) 275-5370 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 1 |
3 |
4 |
Unit Details
| Unit # |
Sq Ft |
Beds |
Baths |
Rent |
| 1 |
– |
2 |
1/0 |
$1,499 |
| 2 |
– |
2 |
1/0 |
$1,499 |
| 3 |
– |
2 |
1/0 |
$1,737 |
| 4 |
– |
2 |
1/0 |
– |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Nearby Homes
| Address |
Price |
Beds |
Baths |
Sq Ft |
Status |
| 446 W San Fernando St |
$1,350,800 |
– |
– |
1,834 |
Active |
| 585-587 E Saint James St |
$1,299,000 |
– |
– |
2,103 |
Active |
| 639 Jackson St |
$1,149,000 |
– |
– |
1,224 |
Active |
| 773 State St |
$1,399,000 |
– |
– |
1,429 |
Active |
Disclosures
©2026 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of September 11, 2026. For the most current information, please contact Nick Oliver, (831) 275-5320.