497 LEIGH Avenue, San Jose, CA 95128
Commercial property · 2 recorded sales since 2013
Sold August 2013
Listing Agent: Adam S. Levin (DRE #01462752) · Listing Office: Marcus & Millichap · Contact: (650) 391-1700 · Bought with: Adam S. Levin · Marcus & Millichap · MLS #ML81325321 · Source: CRMLS
4,160
Building Sq Ft
6,098 sqft
Lot Size
1957
Year Built
R1-N2
Zoning
Commercial property
Type
About this commercial property
497 Leigh Avenue consists of eight spacious one-bedroom/one-bathroom units that are not under the San Jose rent control ordinance. The property has been completely remodeled inside and out over the past year. There current cap rate is above 6%, GRM is less than 12, and there is a proven path to stabilize the building north of a 7% cap rate within six months.
Listing description from the August 2013 sale, as reported to CRMLS.
Sale history
$1,320,000
Sold August 2013 · listed $1,348,000, on market July 2013 · MLS #ML81325321 · Source: CRMLS
Listing Agent: Adam S. Levin · Listing Office: Marcus & Millichap · Contact: (650) 391-1700 · Bought with: Adam S. Levin · Marcus & Millichap
$1,060,000
Sold February 2013 · listed $1,050,000, on market December 2012 · MLS #ML81243439 · Source: CRMLS
Listing Agent: Eric Katz · Listing Office: Marcus & Millichap · Contact: (650) 391-1700 · Bought with: Eric Katz · Marcus & Millichap