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729 Forestdale Ave
San Jose, CA 95116 McKinley

$1,495,000 USD

Apartments For Sale  •  4,200 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,200 SF
  • Lot Size 0.13 AC
  • Building Class C
  • Year Built 1960
  • Cap Rate 5.45 %
  • Zoning R3
30 Transit Score
50 Walk Score

Highlights

Recent 2026 improvements include exterior renovations, plumbing repairs, new decking, and a renovated laundry facility.
City of San Jose inspections were completed, corrected, and passed in 2026.
Located near Downtown San Jose with convenient access to Highways 680 and 101.
Six one-bedroom apartment homes with onsite laundry and tenant-paid PG&E service.
Positioned within a growing Downtown San Jose submarket near shopping, employment centers, and local amenities.
Current income provides potential upside through rent growth and operational enhancements.
Cap Rate: 5.45 %

Amenities

  • Laundry Facilities
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Family Room
  • Handrails
  • Private Bathroom

Public Transportation

Commuter RailDriveWalkDistance
Tamien Caltrain Station Northbound (Local Weekday - Caltrain (Caltrain), Local Weekend - Caltrain (Caltrain), South Santa Clara County Connector - Caltrain (Caltrain)) 8 min - 3.5 mi
San Jose Station (ACE Train - Altamont Corridor Express) 7 min - 3.8 mi
AirportDriveWalkDistance
Norman Y Mineta San Jose International 13 min - 7.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: SurfaceTandem
Included in Rent: Yes
Nick Oliver 831-275-5320 Redwood Property Company
Nick Oliver 831-275-5320 Redwood Property Company