$5,195,000

723 Forestdale Avenue, San Jose, CA 95116

  • 3,381 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1960
  • Property Lot Size Icon5,611sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $1,537/sqft
  • Property List Date Icon Listed 18 days ago

Property Description

723, 729, 743 & 749 Forestdale Ave offer a rare chance to acquire a 20-unit multifamily portfolio in one of San Jose's most supply-constrained rental corridors. Sold together as four apartment buildings, this portfolio delivers immediate scale, strong in-place income, and clear upside through lease repositioning. Built in 1960, the asset includes (2) four-plexes with 2BD/1BA units and (2) six-plexes with 1BD/1BA units totaling approx. 13,912 SF on 22,440 SF of combined land. The units are approximately 95% occupied with ~85% month-to-month leases, creating a near-term path to market rent increases. Buildings are configured in two adjacent pairs (723/729 and 743/749), offering operational flexibility or potential future disposition strategies. East San Jose continues to benefit from strong rental demand, relative affordability, and proximity to major employment and transit corridors. Possible redevelopment or density upside subject to buyer verification. Important: MLS reflects one parcel only. List price includes all four properties: 723 Forestdale Ave - APN 472-32-009 729 Forestdale Ave - APN 472-32-010 743 Forestdale Ave - APN 472-32-012 749 Forestdale Ave - APN 472-32-013

Listing Status:
Pending
Date Added:
March 18, 2026
Data Last Updated:
April 5, 2026 at 5:19PM
Listing Office:
CAP Real Estate Services, Inc. : (408) 667-0201
Listing Agent:
Eugene Mitchell Nazzisi : 408-667-0201
MLS ID:
ML82039136
  • Appliances: Electric CooktopElectric Oven
  • Flooring: CarpetLaminate
  • A/C: Wall/Window Unit(s)
  • Heating: Wall Furnace
  • Disability Feature: None
  • Parking: UnassignedUncoveredParking spaces: 18
  • Roofing: Composition
  • General: 2Concrete Perimeter
  • Originating MLS: CRMLS_MLSL
  • School District: Other
  • County: Santa Clara
  • Zoning: R347232009
  • View: City LightsPark/GreenbeltView
  • Water: Public
  • Sewer: Public Sewer
  • Source: CRMLS_MLSL

This listing courtesy of Eugene Mitchell Nazzisi , CAP Real Estate Services, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

McKinley Elementary School

651 Macredes Ave, San Jose, CA, 95116

Grades KG-6

0.30 miles away

B

Bridges Academy

1702 McLaughlin Ave, San Jose, CA, 95122

Grades 7-8

1.15 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.