723 Forestdale Avenue
San Jose, CA 95116
0
Bed
0
Bath
3,381Sqft
5,610Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bathroom Information
Total Baths: 0Water/Sewer
Water Source: Public Sewer: Public Sewer -
Interior Features
Roof: Composition Property Appliances: Electric Cooktop,Electric Oven Flooring: Carpet,Laminate -
Cooling Features
Wall/Window Unit(s) Air ConditioningHeating Source
Wall Furnace Has Heating
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Building Information
Year Built: 1960 Building Area Total: 3,381 Roof: Composition -
Foundation
Concrete Perimeter -
Accessibility Features
None
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1288 -
Lot Size Source: Assessor Lot Size Square Feet: 5610
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Listing Price Information
Original List Price: 5,195,000 Listing Contract Date: 2026-03-18 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 47232009 Annual Tax: 34584
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Garage and Parking
Garage Description: Unassigned,UncoveredHomeowners Association
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Other Property Info
Source Listing Status: Pending Source Neighborhood: 699 - Not Defined Zoning: R3 Source Property Type: Residential Income Area: 699 - Not Defined Property SubType: Quadruplex -
Building and Construction
Property Age: 66 Structure Type: Quadruplex Year Built Source: Assessor Total Square Feet Living: 3381
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1791 E William Street, San Jose, CA, 95116 | $1,100,000 | 4 | -- | 1,488 | 1,488 SqFt |
| N King Road, San Jose, CA, 95116 | $1,375,000 | -- | -- | -- | |
| Eastwood Court, San Jose, CA, 95116 | $1,199,950 | -- | -- | 1,552 | 1,552 SqFt |
| Danube Way, San Jose, CA, 95116 | $1,495,000 | 5 | -- | 1,826 | 1,826 SqFt |
| 1364 E San Antonio, San Jose, CA, 95116 | $1,258,888 | 5 | -- | 1,738 | 1,738 SqFt |
| Residential Income, San Jose, CA, 95116 | $1,500,000 | 7 | -- | 3,420 | 3,420 SqFt |
| Residential Income, San Jose, CA, 95116 | $1,500,000 | 7 | -- | 3,420 | 3,420 SqFt |
| 855 Jeanne Avenue, San Jose, CA, 95116 | $1,388,888 | 8 | -- | 2,815 | 2,815 SqFt |
| 139 S 19th Street, San Jose, CA, 95116 | $1,525,000 | 2 | -- | 1,484 | 1,484 SqFt |
| E Saint James Street, San Jose, CA, 95116 | $1,400,000 | -- | -- | 2,566 | 2,566 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 06/15/2026 @ 00:48
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