Home | Santa Clara County | San Jose | 95116 | 729 Forestdale Ave
729 Forestdale Ave, San Jose, CA 95116
MLS: ML82056853 | Status: | Price: $1,495,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
3,575 |
5,610 |
1960 |
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.
| Field |
Value |
| MLS # |
ML82056853 |
| MLS Source |
MLSListings, Inc. |
| Days on Site |
1 |
Features
Interior Features
| Feature |
Details |
| Cooling |
None |
| Heating |
Wall Furnace |
Exterior Features
| Feature |
Details |
| Roof |
Composition |
| Foundation |
Concrete Perimeter |
| Feature |
Details |
| Garage/Parking |
Common Parking Area, Garage: 0 Car(s) |
| Elementary District |
San Jose Unified |
| High School District |
East Side Union High |
| Sewer |
Public Sewer |
| Water |
Public |
| Zoning |
R3 |
| Listing Agent |
Co-Listing Agent |
| Nick Oliver |
Alex Budka |
| Redwood Property Company |
|
| License #: 02133612 |
License #: 01913403 |
| Phone: (831) 275-5320 |
Phone: (831) 275-5370 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 1 |
5 |
6 |
Unit Details
| Type |
Sq Ft |
Beds |
Baths |
Min Rent |
Max Rent |
Units Like This |
| 1 |
700 |
1 |
1/0 |
– |
– |
6 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
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Baths |
Sq Ft |
Status |
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Disclosures
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This listing information is up-to-date as of August 06, 2026. For the most current information, please contact Nick Oliver, (831) 275-5320.