1235 Leigh Avenue, San Jose, CA 95126

The Zurich Group Marcus & Millichap is pleased to present 1235 Leigh Avenue, an 18-unit apartment community located just outside of the highly desirable Willow Glen neighborhood of San Jose, California. Built in 1963, the property is situated on a spacious 0.43-acre lot and offers 12,112 square feet of rentable living space, providing investors with a rare combination of scale, land, and long-term value in a premier infill location.

The property features a well-balanced unit mix of four (4) Studio units, ten (10) 1-Bedroom x 1-Bathroom units, two (2) 2-Bedroom x 1-Bathroom units, and two (2) 2-Bedroom x 1.5-Bathroom units, appealing to a wide range of tenants including professionals, families, and students. There is an on-site laundry facility which provides additional income while enhancing overall tenant convenience.

The subject property benefits from excellent proximity to a variety of educational institutions, including Blackford Elementary School just 0.2 miles away, Del Mar High School approximately 0.5 miles away, and San Jose City College only 1.1 miles away, making the location particularly attractive to households seeking access to quality schools and higher education.

Residents enjoy convenient access to some of the South Bay’s most popular shopping, dining, and entertainment destinations. The Pruneyard Shopping Center in Campbell, located roughly 1.3 miles away, offers a vibrant mix of restaurants, retail, and entertainment. Downtown Willow Glen, just 1.8 miles from the property, is known for its charming tree-lined streets, boutique shops, cafés, and local dining favorites that consistently draw strong tenant demand.

The location is also ideal for commuters, with the Bascom Light Rail Station only 0.5 miles away, providing seamless public transportation throughout Silicon Valley. In addition, the property offers excellent access to Interstate 280 and California State Route 17, allowing for efficient travel to major employment centers across San Jose and the greater South Bay. Overall, 1235 Leigh Avenue represents a compelling opportunity to acquire a well-located multifamily asset in the heart of the South Bay, supported by strong rental fundamentals, exceptional connectivity, and proximity to top schools and lifestyle amenities.

San Jose, the largest city in Northern California and the tenth-largest in the United States, serves as the economic, cultural, and technological hub of Silicon Valley. Located in Santa Clara County, San Jose boasts a population exceeding 970,000 residents and anchors one of the most affluent and innovative regions in the world. The city is home to many of the world’s leading technology companies, including Adobe, Cisco Systems, eBay, and PayPal, with major employers such as Apple and Google maintaining significant presences nearby. 

The local economy benefits from a highly educated workforce, exceptional median household incomes, and sustained employment growth driven by the technology, education, and healthcare sectors. According to the U.S. Census Bureau, San Jose’s median household income surpasses $140,000 - one of the highest among major metropolitan areas in the country. 

San Jose offers a dynamic urban environment complemented by a high quality of life, featuring an average of 300 days of sunshine per year, extensive park systems, and cultural destinations such as the SAP Center, San Pedro Square Market, and the San Jose Museum of Art. The city is also home to San José State University, a key contributor to the region’s skilled labor pipeline. Continued investment in infrastructure, downtown revitalization, and large-scale mixed-use developments underscore San Jose’s position as a premier destination for business, innovation, and real estate investment in the Bay Area. 

Santa Clara County is located at the southern end of the San Francisco Bay Area and serves as the economic and geographic heart of Silicon Valley. As of 2024, the county had an estimated population of 1.94 million residents, making it the sixth most populous county in California. The region is known globally as a center for technology, innovation, and venture capital, home to many of the world’s leading tech companies and research institutions.