Forestdale Ave Apartments Portfolio Multi-Family FOR SALE


San Jose, CA - McKinley
$5,195,000 USD
408-667-0201
, San Jose, CA for Sale
$5,195,000 USD
Multi-Family - FOR SALE
1/21
null | 4.33% Cap Rate

Forestdale Ave Apartments Portfolio
San Jose, CA
McKinley


HIGHLIGHTS

  • Portfolio includes (2) four-plexes and (2) six-plexes across four separate APNs, providing operational and exit flexibility.
  • Buildings arranged in two adjacent pairs (723 & 729 and 743 & 749), offering potential future flexibility.
  • Convenient access to major freeways, employment hubs, and neighborhood amenities.
  • Stable income with immediate lease-up opportunity.
  • High percentage of month-to-month leases supports strategic rent repositioning.

OVERVIEW

723, 729, 743 & 749 Forestdale Avenue presents a rare opportunity to acquire a 20-unit multifamily portfolio in one of San Jose’s most consistently strong rental markets. Offered as four apartment buildings sold together, the portfolio provides immediate scale, stable operations, and compelling long-term upside in a supply-constrained Silicon Valley corridor. The portfolio is arranged in two adjacent building pairs—723 & 729 and 743 & 749 Forestdale Avenue—separated by a single non-portfolio building, allowing an investor the option to operate the asset as a single portfolio or potentially split it into two paired investments over time. Occupancy across the portfolio is approximately 95%, with one vacant unit offering an immediate opportunity to lease at current market rent. Approximately 85% of the units are month-to-month, with remaining leases expiring by March 2026, providing a clear and near-term path to implement market-driven rent increases. At the offering price, the Forestdale Avenue Portfolio provides investors with the opportunity to acquire a well-located San Jose multifamily asset at a compelling basis relative to stabilized performance, offering both current income and meaningful upside through rent growth, operational improvements, and long-term strategic optionality.

ASK ABOUT THIS PROPERTY

Mitchell NazzisiCap Real Estate Services IncMore Info
408-667-0201

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Mitchell NazzisiCap Real Estate Services IncMore Info
408-667-0201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.