Juan Santos - Coldwell Banker Commercial Real Estate Solutions Logo
$1,495,000
( $418.18Per Sq Foot )
 $8,025 est/mo Sourced by Back At You

729 Forestdale Avenue,San Jose, CA 95116

San Jose, CA 95116

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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. 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. (Listing photos enhanced/ edited with AI)

Details

MLS #ML82056853
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1960
Days On Site17
Listing Provided ByRedwood Property Company | Nick Oliver

Features

SQ Feet3,575
Building(s)1
ZoningR3
Acreage0.13

Interior

CoolingNone
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofComposition

Taxes

Property19772

Area Information

StateCA
CountySanta Clara
CitySan Jose
Zip Code95116
Area699 Not Defined
Listing VS Median (in 95116)
Price:
$1,495,000
low | high
Med:
$1,575,000
44.648829431438% of Average
sqft:
3,575
low | high
Med:
3,583
49.776223776224% of Average
$ / sqft:
$418
low | high
Med:
$440
44.738377458861% of Average
On site:
17
low | high
Med:
59
28.813559322034% of Average
Sourced by Back At You

Market Activity 95116

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Additional Information

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Learn More About This Property

Juan Santos

Juan Santos

Coldwell Banker Commercial

02246273 (714) 862-7164juan.santos@cbhomesource.com
StateCA
CountySanta Clara
CitySan Jose
Zip Code95116
Area699 Not Defined
Listing VS Median (in 95116)
Price:
$1,495,000
low | high
Med:
$1,575,000
44.648829431438% of Average
sqft:
3,575
low | high
Med:
3,583
49.776223776224% of Average
$ / sqft:
$418
low | high
Med:
$440
44.738377458861% of Average
On site:
17
low | high
Med:
59
28.813559322034% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.121M - $1.868M
sqft: 2,500 - 4,000
Nearby Listings Property ImageNearby Listings Details
919 Story Road 1172 1176 1180 Property Photo 1
$1,688,888
919 Story Road 1172 1176 1180
San Jose, CA 95122
Listing Updated: August 21, 2026 at 9:55:59 PM PDT

Juan Santos - Coldwell Banker Commercial Real Estate Solutions