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.
Sold for $1,455,000
$1,455,000
737 Forestdale Ave, San Jose, CA 95116
8beds
4baths
2,728sqft
Quadruplex, Residential Income
Built in 1962
-- sqft lot
$1,402,700 Zestimate®
$533/sqft
$2,665 Estimated rent
Home value
$1,402,700
$1.28M - $1.54M
$2,665/mo
Zestimate® history
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$9,313/mo
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List your homeWhat's special
Spacious and airyRecent exterior paintGood size for family
Zillow last checked:
Listing updated:
Listed by:
Trisha Ho 01191325 408-203-7986,
Santana Real Estate 408-718-7608,
Khiem Ho 01861572 408-718-7608,
Santana Real Estate
Bought with:
Linda Lo, 01949670
eXp Realty of California Inc
Source: MLSListings Inc,MLS#: ML81990891
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Kitchen
- Features: Countertop_Granite, ExhaustFan
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Gas Cooktop, Exhaust Fan
Features
- Flooring: Laminate
- Doors: None
Interior area
- Total structure area: 2,728
- Total interior livable area: 2,728 sqft
Property
Parking
- Total spaces: 4
- Parking features: Common
- Has carport: Yes
Accessibility
- Accessibility features: None
Features
- Stories: 2
Lot
- Size: 5,610 Square Feet
Details
- Parcel number: 47232011
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Crawl Space
- Roof: Composition
Condition
- Year built: 1962
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: San Jose
Financial & listing details
- Price per square foot: $533/sqft
- Tax assessed value: $1,032,264
- Annual tax amount: $14,660
- Date on market: 2/10/2025
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
- Inclusions: OvenRangeAllUnits
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2025 | Sold | $1,455,000-1.4%$533/sqft |
Source:  MLSListings Inc #ML81990891 Report a problem | ||
| 4/2/2025 | Pending sale | $1,475,000$541/sqft |
Source: MLSListings Inc #ML81990891 Report a problem | ||
| 3/25/2025 | Contingent | $1,475,000$541/sqft |
Source: MLSListings Inc #ML81990891 Report a problem | ||
| 3/17/2025 | Price change | $1,475,000-4.8%$541/sqft |
Source: MLSListings Inc #ML81990891 Report a problem | ||
| 2/11/2025 | Listed for sale | $1,550,000+77.8%$568/sqft |
Source: MLSListings Inc #ML81990891 Report a problem | ||
| 4/29/2016 | Sold | $872,000$320/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,478 +3.1% | $1,032,264 +2% |
| 2024 | $15,017 +1.4% | $1,012,024 +2% |
| 2023 | $14,810 +2.1% | $992,182 +2% |
| 2022 | $14,510 +0.3% | $972,728 +2% |
| 2021 | $14,472 +2.2% | $953,656 +1% |
| 2020 | $14,163 | $943,878 +2% |
| 2019 | $14,163 +3.9% | $925,372 +2% |
| 2018 | $13,631 | $907,228 +2% |
| 2017 | $13,631 +1.3% | $889,440 +132.3% |
| 2016 | $13,460 +111.5% | $382,947 +1.5% |
| 2015 | $6,365 +3.9% | $377,196 +2% |
| 2014 | $6,126 | $369,809 +0.5% |
| 2013 | -- | $368,139 +2% |
| 2012 | -- | $360,922 +2% |
| 2011 | -- | $353,846 +0.8% |
| 2010 | -- | $351,202 -0.2% |
| 2009 | -- | $352,037 +2% |
| 2008 | -- | $345,135 +2% |
| 2007 | -- | $338,369 +2% |
| 2006 | -- | $331,735 +2% |
| 2005 | -- | $325,231 +2% |
| 2004 | -- | $318,855 +1.9% |
| 2003 | -- | $313,012 +2% |
| 2002 | -- | $306,876 +2% |
| 2001 | -- | $300,860 |
Find assessor info on the county website
Neighborhood: Downtown
Nearby homes
- $--2 bd1 ba700 sqft737 Forestdale Ave APT 3, San Jose, CA 95116Off Market
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- $--1 bd1 ba-- sqft723-729-743 749, San Jose, CA 95116Off Market
- $4,200,0008 bd4 ba3.3k sqft723 Forestdale Ave, San Jose, CA 95116Sold
- $98,124-- bd-- ba3.5k sqft749 Forestdale Ave, San Jose, CA 95116Off Market
- $1,384,5004 bd3 ba2.2k sqft793 S 22nd St, San Jose, CA 95116Off Market
Nearby schools
GreatSchools rating
- 4/10McKinley Elementary SchoolGrades: K-6Distance: 0.3 mi
- 2/10Bridges AcademyGrades: 7-8Distance: 1.1 mi
- 7/10Yerba Buena High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: FranklinMcKinleyElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,402,700
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Estimated market value
$1,402,700
- California
- Santa Clara County
- San Jose
- 95116
- Downtown
- 737 Forestdale Ave
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