723 Forestdale AVE, San Jose, CA 95116
723 Forestdale AVE, San Jose, CA 95116
723 Forestdale AVE, San Jose, CA 95116
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$5,195,000
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3,381 SqFt
Pending

723 Forestdale AVE San Jose, CA 95116

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 3,381 sqft

Price per Sqft $1,536

MLS Listing ID ML82039136

HOA Y/N No

Year Built 1960

Annual Tax Amount $34,584

Lot Size 5,610 Sqft

Property Sub-Type Quadruplex

Property Description

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

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning R3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate

Fireplace No

Appliance Electric Cooktop, Electric Oven

Exterior

Parking Features Unassigned, Uncovered

View Y/N Yes

View City Lights, Park/Greenbelt

Roof Type Composition

Accessibility None

Total Parking Spaces 18

Building

Lot Description Level, Paved

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

School District Other

Others

Tax ID 47232009

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Eugene Mitchell Nazzisi CAP Real Estate Services, Inc. #01877079

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723 Forestdale AVE

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Herb Rim

Herb Rim

Realtor | License ID: 01870707

+1(818) 699-9179

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