1011 Leigh Ave - Apartments FOR SALE


San Jose, CA 95128- Sherman Oaks
$3,700,000 USD
626-483-5136
1011 Leigh Ave, San Jose, CA for Sale
$3,700,000 USD
Apartments - FOR SALE
1/20
null | 5.35% Cap Rate

1011 Leigh Ave
San Jose, CA 95128
Sherman Oaks


HIGHLIGHTS

  • Select units have been recently updated with newer kitchen cabinets, countertops and appliances.
  • On-site laundry, uncovered parking, individual garages (for select units) and gated entry.
  • Great location, one block away from VTA Fruitdale station, and close proximity to Santana Row and The Pruneyard.

OVERVIEW

Step into this well-maintained 12-unit apartment complex situated in one of San Jose’s most desirable and transit-friendly pockets. Located at 1011 Leigh Ave, this two-story building features an attractive mix of (9) 1-bedroom/1-bath units and (3) studio units, offering strong renter appeal and consistent occupancy, currently 100% occupied. Residents benefit from a variety of onsite conveniences, including nine (9) designated uncovered parking spaces, one (1) tuck-under parking stall, and three (3) individual garages and an on-site laundry room equipped with two leased WASH washer/dryer sets provides additional income potential and everyday convenience for tenants. The property features a crawl space/concrete perimeter foundation and is configured with five units on the first floor and seven units on the second. Electrical systems vary slightly by unit, with most subpanels upgraded to Square D. The building is serviced by two water heaters. Many units have received thoughtful updates over time, including modernized kitchens with refreshed cabinets and countertops, newer laminate or vinyl flooring, and updated appliances and bathroom finishes, enhancing both rentability and long-term asset positioning. 1011 Leigh Ave enjoys a prime central location near some of San Jose’s most vibrant destinations. Residents are just minutes from Downtown Willow Glen, known for its boutique shopping, dining, and entertainment offerings. Santana Row and Valley Fair are a short drive away, providing access to high-end retail, restaurants, and nightlife. For commuters, the property is exceptionally well-situated: the VTA Fruitdale Station is a brief walk, offering direct routes to Campbell, Downtown San Jose, Santa Clara, and even Levi’s Stadium. This connectivity makes it an appealing option for professionals throughout the South Bay.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$589 USD /SF

# OF UNITS

12

PRICE/UNIT

$308,333

CAP RATE

5.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arcadia Square

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R3

APN/PARCEL ID

282-34-009

ASK ABOUT THIS PROPERTY

Ray RodriguezCompass CommercialMore Info
626-483-5136

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Ray RodriguezCompass CommercialMore Info
626-483-5136

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