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
3,381 Sq Ft
5,610 Sq Ft Lot Size
investment
$34,584 Annual Tax
Built in 1960
MLS/Listing ID ML82039136
2 Stories
4 Units
Heating - Wall Furnace
Lot - Paved
Lot - Regular Lot
Parking - On Street
Composition
Cooling - Wall/window unit(s)
Carpet
Laminate
Concrete Perimeter