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Listed by Eugene Mitchell Nazzisi • CAP Real Estate Services, Inc.
$5,195,000
Est. payment /mo
3,381 SqFt
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
Lot Size 5,610 Sqft
Property Sub-Type Quadruplex
Source Datashare MLSListings
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
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Flooring Laminate
Fireplace No
Exterior
View City Lights, Park/Greenbelt
Building
Lot Description Level, Rectangular Lot
Schools
School District East Side Union High, Franklin-Mckinley Elementary
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