723 Forestdale AVE, San Jose, CA 95116
723 Forestdale AVE, San Jose, CA 95116
723 Forestdale AVE, San Jose, CA 95116
723 Forestdale AVE, San Jose, CA 95116
723 Forestdale AVE, San Jose, CA 95116
723 Forestdale AVE, San Jose, CA 95116
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Eduardo Huerta And Lizzeth Flores

Eduardo Huerta And Lizzeth Flores

+1(408) 272-1031
Listed by Nick Oliver • Redwood Property Company, DRE#02133612
$ 1,395,000
Est. payment | /mo

8 Beds

4 Baths

3,381 SqFt

Save
$ 1,395,000
Est. payment | /mo
Save

8 Beds

4 Baths

3,381 SqFt

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,381 sqft

Price per Sqft $412

MLS Listing ID ML82061054

Bedrooms 8

Full Baths 4

Year Built 1960

Lot Size 5,610 Sqft

Property Sub-Type Fourplex

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 South San Jose

Zoning R3

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Exterior

Parking Features Assigned Spaces

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition

Building

Story 2

Foundation Concrete Perimeter

Sewer Sewer Connected

Water Public

Level or Stories 2

Others

Tax ID 472-32-009

Security Features None

Horse Property No

Special Listing Condition Not Applicable

MLSListings Inc. (MLSListings)
Copyright 2026 MLSListings Inc All rights reserved.

Nearby Locations

GET MORE INFORMATION

Eduardo Huerta And Lizzeth Flores
Eduardo Huerta And Lizzeth Flores

REALTOR®, Mortgage Loan Originator, Broker-Owner Lic# Ed: 1391479

+1(408) 272-1031

750 N. Capitol Ave. Suite B2, Jose, CA 95133

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Eduardo Huerta And Lizzeth Flores, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

723 Forestdale AVE