Welcome to a rare turnkey investment in the heart of San Jose. This fully renovated 4 plex spans approximately 3,500 square foot and sits on a large 7,159 square foot lot, offering excellent income potential, long term upside, and minimal maintenance from day one.
All four units have been recently upgraded with modern finishes and durable, low maintenance flooring, creating clean, attractive living spaces that appeal to quality tenants. Each unit is currently rented at market rates, ensuring immediate cash flow.
The property is SB721 compliant, with permits and inspections fully approved by the City of San Jose, saving you time and future capital expense. Additional features include coin operated laundry with Shine Pay, generating passive income, and a towing contract to ensure parking remains reserved for tenants, a rare and valuable amenity in this area.
Located near major freeways, shopping centers, public transit, and tech employers, this asset offers exceptional tenant demand and long term appreciation. With a strong CAP rate, stable occupancy, and pride of ownership condition, this is the kind of multifamily opportunity investors wait for and it wont last long.
Listed by Dominic Gluhaich
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License #02092371
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Sterling Ventures
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408-710-4538
Last updated July 16, 2025
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Source: MLSListings #ML82014766
Listing Facts
TypeMulti-family
NeighborhoodBarbera-Stokes
Days on Prevu53
Taxes$21,375/year
Size3,500 sqft
Price per sqft$543
Amenities
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
07/16/2025
Listed by Sterling Ventures
$1,899,999
Property Details for 1182 Leigh
Exterior
Construction
Number Of Units Total: 4
Roof: Shingle
Stories: 2
Year Built: 1963
Year Built Details: 2
Measurements
Building Area Total: 3,500
Lot Size Acres: 0.16
Lot Size Area: 7,159
Lot Size Source: Assessor
Lot Size Square Feet: 7,159
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 5.44
Gross Income: $132,289.00
Operating Expense Includes: Maintenance
Taxes
Parcel Number: 284-27-010
Tax Annual Amount: $21,375.00
Interior
Features
Appliances: Washer/Dryer
Measurements
Living Area: 3,500
Other
Features
Accessibility Features: Grab Bars, Parking
Parking
Parking
Carport Spaces: 4
Carport: Yes
Parking Features: Assigned Spaces, On Street, Tandem Parking
Parking Total: 8
Schools
Elementary School
Elementary School: Blackford Elementary
Elementary School District: Campbell Union Elementary
High School
High School: Del Mar High
High School District: Campbell Union High
Middle or Junior School
Middle Or Junior School: Monroe Middle
Utilities
Equipment
Cooling: Ceiling Fan, Window/Wall Unit
Heating: Wall Furnace
Laundry Features: Coin Operated
Sewer: Public Sewer
Utilities: Public Utilities, Water - Public
Water Source: Public
Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.