5-Unit Apartment
For Sale
$1,588,888
376 Leigh Avenue, San Jose, CA 95128
A front single-family residence and rear fourplex are accompanied by on-site parking and coin-operated laundry.
Property Size2,752 SF
Price / SF$577.36
Days on Market32
Property Features for 376 Leigh Avenue
General Information
Standard status
Active
Size
2,752 SF
Property subtype
Multi Family Home
Zoning
R1-N
Site & Location
Neighborhood
Buena Vista
Building Details
Building Size
2,752 SF
Year Built
1925
Listing Agency:
Coldwell Banker Realty
Listed By:
Tina Kyriakis
(650) 207-3906
Source:
Alderrealestate
Added: Oct 6
Changed: Nov 4
Last Checked: Nov 6 at 1:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 2,752-square-foot apartment property in San Jose dates to 1925 and contains five units across two buildings. The front building is a single-family home with two bedrooms and one bathroom; a fourplex at the rear contains three one-bedroom apartments and one studio. A laundry facility and on-site parking serve the property, which is fully tenant occupied and subject to tenant rights. Zoning is R1-N.
The property is approximately 1 mile from Fruitdale VTA station and 1.7 miles from Caltrain Diridon Station and VTA Light Rail. Highways 280, 880, 17 and 87 are among the nearby regional routes. Santana Row, Westfield Valley Fair Mall, Downtown San Jose, San Jose City College and Valley Medical Center are also identified in the surrounding area.
The property is approximately 1 mile from Fruitdale VTA station and 1.7 miles from Caltrain Diridon Station and VTA Light Rail. Highways 280, 880, 17 and 87 are among the nearby regional routes. Santana Row, Westfield Valley Fair Mall, Downtown San Jose, San Jose City College and Valley Medical Center are also identified in the surrounding area.
Key Highlights
- Five units across a front home and rear fourplex
- 2,752 square feet; built in 1925
- Front residence has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,241
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,144,820
$1.1M
Cap Rate 7%
$817,729
$817.7K
Cap Rate 9%
$636,011
$636.0K
Market Conditions
NOI Build-Up for 2,752 SF
Gross rent
$109.0K $39.60/SF
− Vacancy
−$4.9K −$1.78/SF
EGI
$104.1K $37.82/SF
− OpEx
−$46.8K −$17.02/SF
NOI
$57.2K $20.80/SF
Area
San Jose, CA
Vacancy
4.50%
Lease Rate
$39.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,144,820
Cap Rate 7%
$817,729
Cap Rate 9%
$636,011
Alternative Uses
Best Use
Apartment 5plus
$817.7K
$715.5K – $954.0K
NOI $57,241 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,341 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,411
Businesses Nearby
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Business Placement
Demographics for 95128, CA
34,776
Population
15,193
Households
2.3
Avg Household Size
38
Median Age
52%
College-Educated
90%
High-School Grad
3.9 sq mi
ZIP Area
8,917
Density / Sq Mi
$122,647
Median Household Income
$71,504
Median Earnings
$2,505
Median Rent
$1,214,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A front single-family residence and rear fourplex are accompanied by on-site parking and coin-operated laundry.
Where is this apartment building located?
The property is located at 376 Leigh Avenue San Jose, CA.
What is the asking price?
The asking price for this property is $1,588,888.
What are key features of this property?
This property features: Five units across a front home and rear fourplex; 2,752 square feet; built in 1925; Front residence has 2 bedrooms and 1 bathroom
