Home | Santa Clara County | San Jose | 95116 | 723 Forestdale Ave
MLS: ML82039136 | Status: PendingDoNotShow | Price: $5,195,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 3,381 | 5,610 | 1960 |
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
| Field | Value |
|---|---|
| MLS # | ML82039136 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Kitchen | Countertop - Laminate |
| Appliances | Cooktop - Electric, Oven - Electric |
| Flooring | Carpet, Laminate, Vinyl/Linoleum |
| Laundry | Hookups Only |
| Cooling | Ceiling Fan, Window/Wall Unit |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Concrete Perimeter |
| Feature | Details |
|---|---|
| Garage/Parking | Common Parking Area, On Street, Garage: 0 Car(s) |
| Elementary District | Franklin-McKinley Elementary |
| High School District | East Side Union High |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | R3 |
Eugene Mitchell Nazzisi
CAP Real Estate Services, Inc.
License #: 01877079
Phone: (408) 667-0201
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 845 | 2 | 1/0 | $1,428 |
| 2 | 845 | 2 | 1/0 | $1,428 |
| 3 | 845 | 2 | 1/0 | $1,654 |
| 4 | 845 | 2 | 1/0 | $1,428 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 642 S 7th St | $4,595,000 | – | – | 12,325 |
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This listing information is up-to-date as of April 01, 2026. For the most current information, please contact Eugene Mitchell Nazzisi, (408) 667-0201.