723 Forestdale Ave San Jose, CA 95116
20-unit multifamily portfolio in East San Jose with income upside.
Lot size:
0.13 AcresProperty Features for 723 Forestdale Ave
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.13 Acres
Building Details
- Year built
- 1960
Source:
Elliman
Listing Agent: Eugene Mitchell Nazzisi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
San Jose Multifamily Investment Opportunity
The properties at 723, 729, 743, and 749 Forestdale Ave in San Jose represent a portfolio of four apartment buildings, totaling 20 units. Constructed in 1960, the properties include two four-plexes with two-bedroom, one-bathroom units and two six-plexes with one-bedroom, one-bathroom units. The combined buildings offer approximately 13,912 square feet of living space on 22,440 square feet of land. The properties are approximately 95% occupied, with approximately 85% of the leases being month-to-month, which may allow for near-term rent increases. The buildings are configured in two adjacent pairs (723/729 and 743/749). Located in East San Jose, the properties benefit from rental demand, affordability, and proximity to employment and transit corridors. Redevelopment or density upside may be possible, subject to buyer verification.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Jose
- County
- Santa Clara
- State
- California
- Longitude
- -121.8643439
- Latitude
- 37.3337815
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FAQs
What type of property is this?
Apartment building - 20-unit multifamily portfolio in East San Jose with income upside.
Where is this apartment building located?
The property is located at 723 Forestdale Ave San Jose, CA.
What is the asking price?
The asking price for this property is $5,195,000.
What are key features of this property?
This property features: - 20-unit multifamily portfolio in a supply-constrained San Jose rental corridor.; - Strong in-place income with upside through lease repositioning.; - ~85% month-to-month leases, allowing for near-term market rent increases.
