1290 Leigh Ave - Apartments FOR SALE


San Jose, CA 95126- Barbera-Stokes
$2,200,000 USD
408-891-8355
1290 Leigh Ave, San Jose, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/23
null | 3.2% Cap Rate

1290 Leigh Ave
San Jose, CA 95126
Barbera-Stokes


HIGHLIGHTS

  • Large Lot
  • Front, main unit completely remodeled and vacant
  • Prime San Jose location, close to downtown Willow Glen and Campbell

OVERVIEW

Exceptional Multi-Unit Investment Opportunity! This unique property features unparalleled versatility, making it ideal for investors or owner-occupants seeking additional income. The main unit, a remodeled and vacant for someone to move into The pro-forma rent is anywhere from $4500- $5000 to rent. The spacious 2,300 sq. ft. home, features 4 bedrooms, 2.5 bathrooms, and a private backyard. Recently renovated, it offers fresh interior paint, new laminate flooring on the 1st floor & plush carpeting on the stairs & 2nd floor. The huge family room is enhanced with recessed lighting, while the modern kitchen boasts updated quartz countertops, sleek new cabinets, new SS appliances & natural light streaming through sliding doors. A gorgeous guest bathroom upstairs further elevates the home's appeal. The property also includes FOUR 1bd, 1ba units, each approx 800 sf, with separate meters, a shared courtyard & access to a community laundry facility. Each unit offers its own covered parking spot, providing added convenience for tenants. All four units are under market value, but fully occupied. Whether you choose to live in the main unit while generating rental income from the additional units or lease all units to maximize your investment, this property offers incredible potential. Conveniently located near schools, shopping, dining, and entertainment, it's a rare opportunity to own a versatile, income-producing asset. Schedule your showing today Contact Dina at 408.891.2495 Disclosure Link: https://app.disclosures.io/link/1290-Leigh-Avenue-72xr3lep

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$442 USD /SF

# OF UNITS

5

PRICE/UNIT

$440,000

CAP RATE

3.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R-4H, San Jose

APN/PARCEL ID

284-27-001

ASK ABOUT THIS PROPERTY

Brian BonafedeCompassMore Info
408-891-8355

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

Brian BonafedeCompassMore Info
408-891-8355

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