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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 Type(s):
Residential Income
| Last Updated | 3/18/2026 | Year Built | 1960 |
|---|---|---|---|
| Community | 699 - Not Defined | County | Santa Clara |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Cooktop, Electric Oven |
| AREA | 699 - Not Defined |
| HEAT | Wall Furnace |
| LOT | 5611 sq ft |
| LOT DESCRIPTION | Level, Paved |
| LOT DIMENSIONS | 5610 |
| PARKING | Unassigned |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 34584 |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights, Park/Greenbelt |
| WATER | Public |
Location
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Listed with CAP Real Estate Services, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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