Date
Details
Price
Change
Source
3/18/2026
Listed
$5,195,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/22
$5,195,000 Sale Pending
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1/22
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
Full Property Details
Full Property Details for 723 Forestdale Ave
General
- Price: $5,195,000
- Status: Pending
- Type: Multi-Family
- Source: RE_Infolink
- MLS ID: ML82039136
- Updated: 5/15/2026
- Added to Site: 72 day(s) ago
Interior
- Flooring: Carpet, Laminate, Vinyl / Linoleum
Rooms
Other Rooms
- Kitchen: Electric Cooktop, Laminate Countertop, Electric Oven
- Laundry: Hookups Only
Additional Information
- Extras: Not Applicable
- Security/Safety: None
Parking
- Parking Features: Common Parking Area, On Street, Unassigned Spaces, Uncovered Parking
Location
- Area: South San Jose
- County: Santa Clara
Heating & Cooling
- Cooling Type: Ceiling Fan, Window / Wall Unit
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Individual Electric Meters, Individual Gas Meters, Public Utilities
- Metering: Master Water, Separate Electric, Separate Gas
Structural Information
- Construction: Wood Frame
- Foundation: Concrete Perimeter
- Roof: Composition
- Disability Access: None
- Square Feet: 3,381
- Year Built: 1960
Unit Information
Unit 1
- Square Feet: 845
- Bedrooms: 2
Unit 2
- Square Feet: 845
- Bedrooms: 2
Unit 3
- Square Feet: 845
- Bedrooms: 2
Unit 4
- Square Feet: 845
- Bedrooms: 2
Lot Features
- Property View: City Lights, Park
- Minimum Lot Size: 5610
- Lot Size (Sq. Ft.): 5,610
- Building Sites: 1
- Zoning: R3
- Lot Description: Level, Paved , Regular
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NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 723 Forestdale Ave
| Name | Grades | Distance |
|---|---|---|
McKinley Elementary School, San Jose, CA 651 Macredes Avenue, San Jose, CA 95116 | K-6 | 0.3 mi |
Bridges Academy 1702 McLaughlin Avenue, San Jose, CA 95122 | 7-8 | 1.1 mi |
Independence High School 1776 Edal Park Dr., San Jose, CA 95133 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 723 Forestdale Ave
Tax History
Tax History for 723 Forestdale Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,647
4%
$490,720
2%
2024
$8,285
161%
$481,099
-68%
2023
$3,176
-85%
$1,504,500
2%
2022
$20,944
591%
$1,475,000
1651%
2021
$3,029
3%
$84,255
1%
2020
$2,932
3%
$83,392
2%
2019
$2,838
1%
$81,758
2%
2018
$2,801
2%
$80,156
2%
2017
$2,752
5%
$78,586
2%
2016
$2,610
3%
$77,046
2%
2015
$2,528
8%
$75,890
2%
2014
$2,333
—
$74,404
—
2013
$2,332
—
$74,069
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 723 Forestdale Ave
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- Condo
- Active
- Updated 1 day ago
- 3Beds
- 4Total Baths
- 1,723Sq. Ft.
- Condo
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 1,070Sq. Ft.
- Single Family
- Active
- Updated 12 hours ago
- 4Beds
- 3Total Baths
Listed by Realty Champion Inc, Gowthaman Gurusamy
- Triplex
- Active
- Updated 6 days ago
- 4,354Sq. Ft.
Listed by Intero Real Estate Services, Al Moridi
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,684Sq. Ft.
- Condo
- Active
- Updated 1 day ago
- 1Bed
- 1Total Bath
- 908Sq. Ft.
Listed by Compass, Rich Lujan
- Single Family
- Active
- Updated 2 days ago
- 2Beds
- 1Total Bath
- 1,273Sq. Ft.
Listed by Intero Real Estate Services, Howard Bloom
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 4Total Baths
- 1,998Sq. Ft.
Listed by Compass, Ella Sun
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- Single Family
- Closed
- 5Beds
- 5Total Baths
- 3,828Sq. Ft.
Listed by Gea Carr (CalRE#: 01329782)
Sold by Tim O'Halloran (CalRE#: 01105570)
Sold by Tim O'Halloran (CalRE#: 01105570)
- Single Family
- Closed
- 4Beds
- 5Total Baths
- 2,991Sq. Ft.
Listed by Valerie Mein (CalRE#: 01216634)
Sold by Alicia Duarte (CalRE#: 01396055)
Sold by Alicia Duarte (CalRE#: 01396055)
- Single Family
- Closed
- 4Beds
- 5Total Baths
- 3,152Sq. Ft.
Listed by Rodger Shaheen (CalRE#: 01164867)
Sold by Kwsv, Nivin Khalil
Sold by Kwsv, Nivin Khalil
- Single Family
- Closed
- 4Beds
- 4Total Baths
- 4,100Sq. Ft.
Listed by KW Bay Area Estates, Terese Ferrara and KW Bay Area Estates, Douglas Goss
Sold by Sthb, Adrian Tan
Sold by Sthb, Adrian Tan
723 Forestdale Ave, San Jose, CA 95116 (MLS# ML82039136) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 723 Forestdale Ave is currently listed for $5,195,000 and was received on March 18, 2026. Want to learn more about 723 Forestdale Ave? Do you have questions about finding other Multi-Family real estate for sale in San Jose? You can browse all San Jose real estate or contact a Coldwell Banker agent to request more information.