723 Forestdale Avenue, San Jose, CA 95116

San Jose
Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
723 Forestdale Avenue,San Jose, CA 95116
$5,195,000
  • - Beds
  • - Baths
  • 3,381 sq. ft.
  • Multi-family
  • Active
Listed by: eugene mitchell nazzisi408-667-0201
Office: cap real estate services, inc.
MLS#:82039136
Source:CAREIL

Price summary

  • Price:$5,195,000
  • Price per sq. ft.:$1,536.53

About this home

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...

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Home facts

  • Year built:1960
  • Listing ID #:82039136
  • Added:1 day(s) ago
  • Updated:March 20, 2026 at 04:38 PM

Rooms and interior

  • Flooring:Carpet, Laminate, Vinyl / Linoleum
  • Living area:3,381 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan, Window/Wall Unit
  • Heating:Wall Furnace

Structure and exterior

  • Roof:Composition
  • Year built:1960
  • Building area:3,381 sq. ft.
  • Lot area:0.13 Acres
  • Lot Features:Level, Paved, Regular
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:City/Public
  • Sewer:Sewer - Public

Finances and disclosures

  • Price:$5,195,000
  • Price per sq. ft.:$1,536.53

Features and amenities

  • Laundry features:Hookups Only

Parking

  • Parking description:Common Garage, On Street, Unassigned Spaces, Uncovered Parking
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