Property Details
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
MLS Listing Information
MLS #
ML82039136
MLS Source
MLSListings, Inc.
Days on Site
3
Interior Features
Kitchen
Countertop - Laminate
Appliances
Cooktop - Electric, Oven - Electric
Flooring
Carpet, Laminate, Vinyl/Linoleum
Laundry
Hookups Only
Cooling
Ceiling Fan, Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Common Parking Area, On Street, Garage: 0 Car(s)
Elementary District
Franklin-McKinley Elementary
High School District
East Side Union High
Sewer
Public Sewer
Water
Public
Zoning
R3
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 845 | 2 | 1/0 | $1,428 |
| 2 | 845 | 2 | 1/0 | $1,428 |
| 3 | 845 | 2 | 1/0 | $1,654 |
| 4 | 845 | 2 | 1/0 | $1,428 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
723 Forestdale Ave is a Residential Income in San Jose, CA 95116. This 3,381 square foot property sits on a 5,610 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,195,000 and was built in 1960. This address can also be written as 723 Forestdale Ave, San Jose, CA 95116.
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This listing information is up-to-date as of March 18, 2026. For the most current information, please contact Eugene Mitchell Nazzisi, (408) 667-0201
