San Jose, CA 95116,737 Forestdale AVE
Listed by Trisha Ho • Santana Real Estate
Bought with Linda Lo • eXp Realty of California Inc

$1,455,000

Est. payment /mo

$1,475,000

1.4%
Est.Price: ?

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737 Forestdale AVE San Jose, CA 95116

8 Beds

4 Baths

2,728 SqFt

SOLD DATE : 04/28/2025

Key Details

Sold Price $1,455,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,728 sqft

Price per Sqft $533

MLS Listing ID ML81990891

Sold Date 04/28/25

Bedrooms 8

Full Baths 4

Year Built 1962

Lot Size 5,610 Sqft

Property Sub-Type Fourplex

Property Description

Major price improvement due to seller in active 1031 exchange replacement. Very Rare 4 plex with 2 bedroom/1 bath each unit in the heart of San Jose. Unit is spacious and airy with ~700 sq ft each. Good size for family which is hard to find in San Jose. Solid investment w great steady cashflow. Never a problem to rent in this highly desirable location in the heart of San Jose. Units were updated. Recent exterior paint. Very clean with tenant assigned parking in front, and spacious maintenance-free paved back yard. Convenient and easy access to highway, shops, bus station. New public park nearby. Tenants are month to month and easily rentable for 2 spacious bedrooms. Gross rent $110,000+ Current cap rate is 4.75% and 5% by next year which is an amazing cap rate and solid investment, If you are looking for a good solid, clean and worry-free investment, this is it. Golden opportunity for any investor or end user. Please do not disturb tenants. Drive by only. Offer subject to inspection. Do not miss the amazing opportunity to own a solid turnkey investment in the heart of San Jose w high cap rate and return.

Location

State CA

County Santa Clara

Area South San Jose

Zoning R3

Rooms

Kitchen Cooktop - Gas, Countertop - Granite, Exhaust Fan

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Flooring Laminate

Exterior

Parking Features Common Parking Area

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition

Building

Story 2

Foundation Crawl Space

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Tax ID 472-32-011

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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