723 Forestdale AVE, San Jose, CA 95116
723 Forestdale AVE, San Jose, CA 95116
723 Forestdale AVE, San Jose, CA 95116
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Eric Chu

Eric Chu

+1(650) 922-7449
Listed by Eugene Mitchell Nazzisi • CAP Real Estate Services, Inc., DRE#01877079
$5,195,000
Est. payment /mo
8 Beds
4 Baths
3,381 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Pending

Purchase Type For Sale

Square Footage 3,381 sqft

Price per Sqft $1,536

MLS Listing ID ML82039136

Bedrooms 8

Full Baths 4

Year Built 1960

Lot Size 5,610 Sqft

Property Sub-Type Fourplex

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

Location

State CA

County Santa Clara

Area South San Jose

Zoning R3

Rooms

Kitchen Cooktop - Electric, Countertop - Laminate, Oven - Electric

Interior

Heating Wall Furnace

Cooling Ceiling Fan, Window / Wall Unit

Flooring Carpet, Laminate, Vinyl / Linoleum

Laundry Hookups Only

Exterior

Parking Features Common Parking Area, On Street, Unassigned Spaces, Uncovered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

View City Lights, Park

Roof Type Composition

Building

Lot Description Grade - Level, Paved , Regular

Story 2

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Tax ID 472-32-009

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Eric Chu
Eric Chu

Agent | License ID: 02039805

+1(650) 922-7449 | eric@keyluxestates.com

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723 Forestdale AVE