CA
Santa Clara
SAN JOSE
95116
723 Forestdale Avenue
723 Forestdale Avenue, SAN JOSE, CA 95116
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Listing Type
Multi Family
Listing Status
Active
22
$5,195,000

Home Details for 723 Forestdale Avenue

Price
$5,195,000
Type
Residential Income
Square feet
3381
Year built
1960
County
Santa Clara
Days on site
1
MLS Listing#
ML82039136
Listed By: CAP Real Estate Services, Inc. - 408-667-0201
Listed By: Eugene Mitchell Nazzisi
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

Property Features
  • Parking
    • On Street
    • Common
    • Unassigned
  • Cooling Information
    • Ceiling Fan(s)
    • Wall/Window Unit(s)
  • Heating Information
    • Wall Furnace
  • Water Features
    • Public
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2026 MLSListings Inc. All rights reserved.

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Last Updated: 2026-04-01 16:50:24
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
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