723 Forestdale Avenue, San Jose, CA 95116

San Jose
Local realty services provided by:ERA North Orange County Real Estate
723 Forestdale Avenue,San Jose, CA 95116
$5,195,000
  • - Beds
  • - Baths
  • 3,381 sq. ft.
  • Multi-family
  • Active
Listed by: eugene mitchell nazzisi
Office: cap real estate services, inc.
MLS#:ML82039136
Source:CRMLS

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 #:ML82039136
  • Added:1 day(s) ago
  • Updated:March 18, 2026 at 11:32 PM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Kitchen Description:Electric Cooktop, Electric Oven
  • Living area:3,381 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • 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 with Street, Paved
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,195,000
  • Price per sq. ft.:$1,536.53
  • Tax amount:$34,584

Features and amenities

  • Appliances:Electric Cooktop, Electric Oven

Parking

  • Total parking spaces:18
  • Parking description:Unassigned, Uncovered
Based on information from California Regional Multiple Listing Service, Inc. as of March 18, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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