723 Forestdale AVE, San Jose, CA 95116
- $4,200,000
- 8
- BD
- 3,381
- SqFt
Listed by Eugene Mitchell Nazzisi, 408-667-0201 from CAP Real Estate Services, Inc.
(If provided) CoList: from
Sold listing courtesy of Nick Oliver from REDWP
- Sold Price
- $4,200,000
- List Price
- $5,195,000
- Closing Date
- May 14, 2026
- MLS#
- ML82039136
- Status
- SOLD
- Zoning
- R3
- Sqft. of Residence
- 3,381
- Lot Size
- 5,610
- Listing Area
- South San Jose
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
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Additional Information
- Cooling System
- Ceiling Fan, Window / Wall Unit
- Days On Market
- Unknown
- Floor Covering
- Carpet, Laminate, Vinyl / Linoleum
- Foundation
- Concrete Perimeter
- Garage Parking
- Common Parking Area, On Street, Unassigned Spaces, Uncovered Parking
- Heating System
- Wall Furnace
- Laundry Facilities
- Hookups Only
- Living Area
- 3,381
- Lot Description
- Grade - Level, Paved, Regular
- Lot Size
- 5,610
- Neighborhood
- South San Jose
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Composition
- Sewer
- Sewer - Public
- View
- View of City Lights, Park
- Zoning
- R3
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