723 Forestdale Ave | Image 1
723 Forestdale Ave | Image 2
723 Forestdale Ave | Image 3
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723 Forestdale Ave | Image 5
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723 Forestdale Ave | Image 7

$1,395,000

For Sale

A month ago

723 Forestdale Ave, San Jose, CA

House

MLS® ML82061054

0 Bed

0 Bath

3381 sqft

8 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 3381 sqft
Garage 
Taxes $17,636
Days Active 26
Lot Size 0.1288 Acres
Approx. Age 1960
Avg. Price Per Sqft $412
MLS® Number ML82061054

Property Address: 723 Forestdale Ave, San Jose, CA, 95116-3224

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberML82061054
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1960
Basement
Driveway
Garage Spaces
HeatWall Furnace
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 11, 2026List Date
$1,395,000List Price
  • Commute

Commute

Starting Address
Destination Address
723 Forestdale Ave, San Jose, CA

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