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 Details
Price:
$5,195,000
MLS #:
ML82039136
Status:
Pending
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
699notdefined
Listed Date:
Apr 1, 2026
Finished Sq Ft:
3,381
Total Sq Ft:
3,381
Lot Size:
5,610 sqft / 0.13 acres (approx)
Year Built:
1960
See this Listing
Schools
School District:
Other
Interior
Appliances
ES, EO
Cooling
WW
Flooring
LAM, CARP
Heating
WL
Exterior
Accessibility Features
NO
Parking Spots
18
Parking Total
18
Roof
CMP
View
CI, PK
Financial
Maintenance Fee
$3,000
Taxes
$34,584
Map
Community
- Address723 Forestdale AV San Jose CA
- CitySan Jose
- CountySanta Clara
- Zip Code95116
Subdivisions in San Jose
Market Summary
Current real estate data for Single Family in San Jose as of Apr 16, 2026
1,107
Single Family Listed
46
Avg DOM
926
Avg $ / SqFt
$1,605,173
Avg List Price
Property Summary
- 723 Forestdale AV San Jose CA is a Single Family for sale in San Jose, CA, 95116. It is listed for $5,195,000 and features 0 beds, 0 baths, and has approximately 3,381 square feet of living space, and was originally constructed in 1960. The current price per square foot is $1,537. The average price per square foot for Single Family listings in San Jose is $926. The average listing price for Single Family in San Jose is $1,605,173.
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