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$ 1,495,000
Est. payment | /mo
3,575 SqFt
$ 1,495,000
Est. payment | /mo
3,575 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,575 sqft
Price per Sqft $418
MLS Listing ID ML82056853
HOA Y/N No
Year Built 1960
Lot Size 5,610 Sqft
Property Sub-Type Other
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. 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)
Location
State CA
County Santa Clara
Zoning R3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 47232010
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Listed by Nick Oliver • Redwood Property Company
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