729 Forestdale AVE, San Jose, CA 95116
- $1,495,000
- 3,575
- SqFt
Listed by Nick Oliver, (831) 275-5320 from Redwood Property Company
(If provided) CoList: Alex Budka from Redwood Property Company
- List Price
- $1,495,000
- MLS#
- ML82056853
- Status
- ACTIVE
- Sqft. of Residence
- 3,575
- Lot Size
- 5,610
- Listing Area
- South San Jose
- Year Built
- 1960
Property Description
The Downtown SJ Six-Plex at 749 Forestdale Avenue presents an exceptional value-add multifamily investment opportunity in the heart of San Jose. The property consists of six spacious one-bedroom, one-bathroom apartments totaling approximately 4,200 square feet on a 5,610-square-foot parcel. Recent 2026 capital improvements include exterior renovations, plumbing repairs, newly constructed decking, a renovated laundry facility, 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 $112,480 offers substantial upside to an estimated market income of over $158,000 through continued rent growth and operational improvements. Offered at $1,495,000, the asset features a projected pro forma capitalization rate of approximately 8.06%, providing investors with a rare opportunity to acquire a well-maintained property offering both stable in-place cash flow and significant future appreciation potential.
Additional Information
- Cooling System
- None
- Foundation
- Concrete Perimeter
- Garage Parking
- Common Parking Area
- Heating System
- Wall Furnace
- Living Area
- 3,575
- Lot Size
- 5,610
- Neighborhood
- South San Jose
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- R3
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