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Listed by: Eugene Mitchell Nazzisi (408) 667-0201 DRE #01877079 | CAP Real Estate Services, Inc. (408) 667-0201
$5,195,000
8 Beds
- -- Bath
3,381sqft
723 Forestdale Ave, San Jose, CA 95116
$5,195,000
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Quadruplex
Built in 1960
$-- HOA
5,610 sqft lot
$1,537/sq.ft
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), offe...
Continue ReadingProperty Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1960
HOA Fees
-
Finished Area
3,381 sqft
Lot Size
5,610 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
ML82039136
MLS Status
Pending
Days on Market
92
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