723 Forestdale Avenue, San Jose, CA 95116
List Price: $5.2M
Listing Status: Pending
0Close Date: 2026-04-24
Days on Market: 13
0 Bedrooms · 0 Bathrooms · 3,381 sq ft
Property Type: ResidentialIncome
Year Built: 1960
Lot Size: 5,610 sq ft
Annual Property Tax: $34,584
MLS Number: ML82039136
About This Property
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
Listing provided by: Eugene Mitchell Nazzisi DRE #01877079 (408) 667-0201 mitch@caprealestateca.com, CAP Real Estate Services, Inc.
Source: CRMLS, MLS #: ML82039136
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.