729 Forestdale AVE, San Jose, CA 95116
729 Forestdale AVE, San Jose, CA 95116
729 Forestdale AVE, San Jose, CA 95116
729 Forestdale AVE, San Jose, CA 95116
729 Forestdale AVE, San Jose, CA 95116
729 Forestdale AVE, San Jose, CA 95116
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John Fagan

John Fagan

+1(669) 303-8501
Listed by Nick Oliver • Redwood Property Company, DRE#02133612
$ 1,495,000
Est. payment | /mo

1 Bed

1 Bath

3,575 SqFt

Save
$ 1,495,000
Est. payment | /mo
Save

1 Bed

1 Bath

3,575 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,575 sqft

Price per Sqft $418

MLS Listing ID ML82056853

Bedrooms 1

Full Baths 1

Year Built 1960

Lot Size 5,610 Sqft

Property Sub-Type Five or More Units

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.

Location

State CA

County Santa Clara

Area South San Jose

Zoning R3

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Common Parking Area

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 472-32-010

Security Features None

Special Listing Condition Not Applicable

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John Fagan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(669) 303-8501

john@johnfagangroup.com

1295 E Dunne Ave Suite 130 Morgan Hill, CA 95037, USA

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729 Forestdale AVE