714-745-2708

723 Forestdale Avenue, San Jose, CA 95116

$1,395,000 Approx. USD 0 beds, 0 baths
3,381 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Nick Oliver | nick@redwoodpropertyco.com
Lic#: 02133612
Broker: Courtesy of Redwood Property Company
Phone: 831-687-8720

Co Listing Agent

Alex Budka | alex@redwoodpropertyco.com
Lic#: 01913403
Broker: Courtesy of Redwood Property Company
Phone: 831-275-5370

Agent Remarks

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.

Listing Details

Property type: Quadruplex (Multi-Family)

Status: Active

MLS# ML82061054

Price: $1,395,000

Beds: 0

Baths: 0

Built in 1960

3,381 sqft

0.13 acres

Lot size: 0.1288

County: Santa Clara

Zoning: R3

Heating description: Wall Furnace

MLS area: 699 - Not Defined

Last Updated: 9/12/2026

Days On Market (DOM): 16

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 37.333786, -121.864406.
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