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About the Listing ML5074958 - ML5085830
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 Highlights
Status
Pending
Days on Site
15
Property Type
Multi-Family
MLS ®
ML82039136
Year Built
1960
Total Square Footage
3,381
Lot/Acreage
0.13
Interior Details
- Bedrooms: 8
- Bathrooms: 0 Full
- Appliances: Electric Cooktop, Electric Oven
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces:
- Floor: Carpet,Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,Paved,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 18
- Zoning: R3
- Roof: Composition
- Others:
- Sewer: Public Sewer
- Parking Features: Unassigned,Uncovered
Financial Details
- Tax Amount: $34,584
- Taxes w/Assessments: N/A
- Tax/Property ID: 47232009
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
723 Forestdale Ave San Jose, CA 95116
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