Four-Unit Multifamily
851 Leigh AVE San Jose, CA 95128
New
For Sale
$1,825,000
MULTI_FAMILY - SAN JOSE, CA
Property Size3,694 SF
Lot Size0.15 Acres
Price / SF$494.04
Days on Market3
Property Features for 851 Leigh AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM
- Bedrooms
- 10
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 7, Bedroom 5, Bedroom 8, Laundry Room, Bedroom 10, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 9
- Parking
- 2
- Parking features
- Garage - Attached, Assigned
- Appliances
- Appliances - Vary by Unit, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven Range, Refrigerator
- Standard status
- Active
- Size
- 3,694 SF
- Lot size
- 0.15 Acres
Utilities
- Heating system
- Central, Forced Air, Wall Furnace
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1964
- Number of units
- 4
- Flooring type
- Linoleum, Carpet, Tile
- Building materials
- Wood Frame
- Roof type
- Composition, Shingle
Listing Agency:
SiliconValley MultiFamilyGroup
(408) 356-1900
Listed By:
Michael Shields · License #01327546
(408) 356-1900
Added: Jul 25
Last Checked: Jul 27 at 5:06AM
MLS# ML82055552
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit multifamily property includes one approximately 1,200-square-foot four-bedroom, two-bath unit and three approximately 800-square-foot two-bedroom, one-bath units. Parking is provided by four private garages plus three additional on-site parking spaces. A common-area laundry facility is included, with equipment that transfers with the property.
Constructed in 1964, the building is approximately 3,694 square feet and sits on a 6,534-square-foot lot. Improvements consist of stucco over wood-frame construction on a concrete perimeter foundation, with copper plumbing and a pitched composition shingle roof. Each unit is individually metered for gas and electricity.
The owner is responsible for water and sewer service, trash collection, common-area utilities, landscaping, repairs and maintenance, property taxes, and insurance. The property is located in Central/West San Jose with access to retail services, major employment centers, schools, and regional commuter routes. As a multifamily property with three or more rental units in the City of San Jose, it is subject to the City’s Apartment Rental and Tenant Protection Ordinance.
Constructed in 1964, the building is approximately 3,694 square feet and sits on a 6,534-square-foot lot. Improvements consist of stucco over wood-frame construction on a concrete perimeter foundation, with copper plumbing and a pitched composition shingle roof. Each unit is individually metered for gas and electricity.
The owner is responsible for water and sewer service, trash collection, common-area utilities, landscaping, repairs and maintenance, property taxes, and insurance. The property is located in Central/West San Jose with access to retail services, major employment centers, schools, and regional commuter routes. As a multifamily property with three or more rental units in the City of San Jose, it is subject to the City’s Apartment Rental and Tenant Protection Ordinance.
Key Highlights
- 4‑unit multifamily building with 3,694 SF on a 6,534 SF lot
- Unit mix: one approx. 1,200 SF 4BD/2BA and three approx. 800 SF 2BD/1BA units
- Parking includes four private attached garages plus three additional on‑site assigned spaces
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.1k | $33.60 |
| − Vacancy | −$5.3k | −$1.43 |
| EGI | $118.8k | $32.17 |
| − OpEx | −$35.6k | −$9.65 |
| NOI | $83.2k | $22.52 |
3,694 SF · lease $33.60/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,173 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$1.10M
$960.4K – $1.28M
NOI $76,835 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,164 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property with individual gas and electric meters, four private garages, and on-site laundry facility.
Where is this quadplex located?
The property is located at 851 Leigh AVE San Jose, CA.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: 4‑unit multifamily building with 3,694 SF on a 6,534 SF lot; Unit mix: one approx. 1,200 SF 4BD/2BA and three approx. 800 SF 2BD/1BA units; Parking includes four private attached garages plus three additional on‑site assigned spaces
