737 Forestdale AVE, San Jose, CA 95116
- $1,455,000
- 8
- BD
- 2,728
- SqFt
Listed by Trisha Ho, 408-203-7986 from Santana Real Estate
(If provided) CoList: Khiem Ho from Santana Real Estate
Sold listing courtesy of Linda Lo from EXPCA
- Sold Price
- $1,455,000
- List Price
- $1,475,000
- Closing Date
- Apr 28, 2025
- MLS#
- ML81990891
- Status
- SOLD
- Zoning
- R3
- Sqft. of Residence
- 2,728
- Lot Size
- 5,610
- Listing Area
- South San Jose
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.
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Additional Information
- Acres
- 0.13
- Age
- 63
- Cooling System
- Window / Wall Unit
- Days On Market
- Unknown
- Floor Covering
- Laminate
- Foundation
- Crawl Space
- Garage Parking
- Common Parking Area
- Heating System
- Wall Furnace
- Living Area
- 2,728
- Lot Size
- 5,610
- Neighborhood
- South San Jose
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- R3
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