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Leigh Court 1235 Leigh Ave 18 Unit Apartment Building $7,331,914 CAD ($407,329 CAD/Unit) 5.57% Cap Rate San Jose, CA 95126
INVESTMENT HIGHLIGHTS
- Prime South Bay location near Willow Glen, Campbell, and Santana Row
- Near major Silicon Valley employers including Adobe, eBay, Apple, Google, Netflix , and more
- Unit mix: four 2BR units (including two 2BR x 1.5BA), ten 1BR/1BA units, and four studios
EXECUTIVE SUMMARY
Marketing package and additional information available upon request.
The Zurich Group of Marcus & Millichap is pleased to present 1235 Leigh Avenue, an 18-unit apartment community located just outside the desirable Willow Glen neighborhood of San Jose. Desirable unit mix features four 2-bedroom units (including two 2BR x 1.5BA), ten 1-bedroom/1-bath units, and four studios, appealing to a broad tenant base. The property offers on-site laundry for additional income. Prime South Bay location near Downtown Willow Glen, Campbell, and Santana Row, with easy access to The Pruneyard, San Jose City College, Bascom Light Rail, I-280, and Hwy 17. A rare opportunity to acquire a well-located multifamily asset with strong rental demand.
The Zurich Group of Marcus & Millichap is pleased to present 1235 Leigh Avenue, an 18-unit apartment community located just outside the desirable Willow Glen neighborhood of San Jose. Desirable unit mix features four 2-bedroom units (including two 2BR x 1.5BA), ten 1-bedroom/1-bath units, and four studios, appealing to a broad tenant base. The property offers on-site laundry for additional income. Prime South Bay location near Downtown Willow Glen, Campbell, and Santana Row, with easy access to The Pruneyard, San Jose City College, Bascom Light Rail, I-280, and Hwy 17. A rare opportunity to acquire a well-located multifamily asset with strong rental demand.
PROPERTY FACTS
| Price | $7,331,914 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $407,329 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 5.57% | Building Size | 12,112 SF |
| Gross Rent Multiplier | 11.37 | No. Stories | 2 |
| No. Units | 18 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 1.82/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4H, San Jose | ||
| Price | $7,331,914 CAD |
| Price Per Unit | $407,329 CAD |
| Sale Type | Investment |
| Cap Rate | 5.57% |
| Gross Rent Multiplier | 11.37 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 12,112 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | R4H, San Jose |
AMENITIES
UNIT AMENITIES
- Washer/Dryer Hookup
- Heating
- Double Pane Windows
- Window Coverings
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | 525 |
| 1+1 | 10 | - | 630 |
| 2+1 | 4 | - | 1,030 |
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Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 284-26-008 | Improvements Assessment | $3,793,310 CAD |
| Land Assessment | $4,931,303 CAD | Total Assessment | $8,724,612 CAD |
PROPERTY TAXES
Parcel Number
284-26-008
Land Assessment
$4,931,303 CAD
Improvements Assessment
$3,793,310 CAD
Total Assessment
$8,724,612 CAD
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Leigh Court | 1235 Leigh Ave
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