1299 Leigh AVE Open House Save Request In-Person Tour Request Virtual Tour
San Jose,CA 95126
OPEN HOUSE
Thu Oct 16, 1:00am - 1:00pm Tue Oct 21, 11:00am - 1:00pm
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 30,851 sqft
Price per Sqft $367
MLS Listing ID ML82024500
Style Spanish
Bedrooms 10
Full Baths 7
Year Built 1971
Lot Size 1.040 Acres
Property Sub-Type Five or More Units
Property Description
Built in 1971, the Mission Villa Apartments offers a rare unit mix and variety of amenities not commonly found in a 36-unit community. The thoughtfully designed and oversized 705 sq. ft. one bedroom on baths, 850 sq. ft. 2 bedroom 2 baths, and 1,150+ sq ft. three bedroom two baths units offer in-wall A/C, dishwashers and disposals, and either private patios or balconies. The attractive Spanish-Style architecture property boasts a heated swimming pool and spa, BBQ area, recreation room, fitness center and an adjoining sauna with shower and restrooms. The Mission Villa Apartments provides a compelling value-add investment opportunity, with upside through both interior and common area renovations combined with mark-to-market benefit. While current ownership has maintained the asset well and renovated select units, the groundwork is laid to expand the unit modernization program to compete with nearby higher-end communities. Additional operational upside can be captured via loss to lease upside, contemporization of existing amenities, or conversion to add multiple additional rental units. Tenants benefit from proximity to the 11-mile Los Gatos Creek Trail, retail and restaurant options of The Pruneyard, Santana Row and Downtown Campbell, and world-class employers.
Location
State CA
County Santa Clara
Area Central San Jose
Building/Complex Name The Mission Villa Apartments
Zoning R3H
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Coin Operated,Washer / Dryer
Exterior
Exterior Feature Balcony / Patio,BBQ Area,Sprinklers - Lawn
Parking Features Assigned Spaces,Uncovered Parking
Pool Pool - Heated,Spa / Hot Tub
Community Features Additional Storage,BBQ Area,Billiard Room,Community Pool,Gym / Exercise Facility,Recreation Room
Utilities Available Individual Electric Meters,Public Utilities
Roof Type Tile
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Special Listing Condition Not Applicable