Login

723 Forestdale Avenue, San Jose, CA 95116

San Jose
Local realty services provided by:CENTURY 21 Cornerstone
723 Forestdale Avenue,San Jose, CA 95116
$1,395,000
  • - Beds
  • - Baths
  • 3,381 sq. ft.
  • Multi-family
  • Active
Listed by: nick oliver, alex budka
Office: redwood property company831-224-6903
MLS#:ML82061054
Source:CRMLS

Price summary

  • Price:$1,395,000
  • Price per sq. ft.:$412.6

About this home

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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1960
  • Listing ID #:ML82061054
  • Added:1 day(s) ago
  • Updated:September 12, 2026 at 01:32 AM

Rooms and interior

  • Living area:3,381 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Composition
  • Year built:1960
  • Building area:3,381 sq. ft.
  • Lot area:0.13 Acres
  • Foundation Description:Concrete Perimenter

Utilities

  • Water:Public

Finances and disclosures

  • Price:$1,395,000
  • Price per sq. ft.:$412.6
  • Tax amount:$17,636

Parking

  • Total parking spaces:8
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Cornerstone is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Cornerstone, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

New listings near 723 Forestdale Avenue