*Financials based on proforma numbers. Leigh Court Apartments is a stunning, 18-unit apartment community located at 1235 Leigh Ave in thriving San Jose, California. Situated on a 0.43 Acre parcel of land, the subject property was originally constructed in 1963, and has a gross building area of approximately 12,120 square feet, offering its tenants beautifully designed, studio, one and two-bedroom floorplans. The unit mix consists of (4) studios, (10) 1-Bedroom/1-Bath Units, (2) 2-Bedroom/1-Bath Units, and (2) huge 1,030 SF 2-Bedroom/1.5-Bath units. The investment appeal of this asset is driven by San Jose strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, Leigh Court Apartments presents an attractive choice for South Bay renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
Courtesy of Marcus & Millichap, Adam S. Levin.
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