Leigh Avenue

San Jose | California

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Extraordinary Living

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Newmark Cornish & Carey

Presented At

$11,350,000

Living

30,851

SQFT

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1299

Leigh Avenue

San Jose | California

1299 Leigh Avenue, San Jose, California, United States. , San Jose , California

Multi Family in San Jose

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.

Property

3D Street View Tour

Property Location

1299 Leigh Avenue, San Jose, California, United States., San Jose California

Local Weather & Climate

San Jose, California

Current Conditions Updated recently

48 °F

Clear sky

Feels Like 48°F

Humidity 90%

Wind 0 mph

Visibility 6.2 mi

Sunrise 3:13 PM

Sunset 1:28 AM

5-Day Forecast

Thu 29 Jan

Clouds

High 67°

Low 48°

Fri 30 Jan

Clouds

High 65°

Low 51°

Sat 31 Jan

Clouds

High 71°

Low 51°

Sun 1 Feb

Clouds

High 65°

Low 53°

Mon 2 Feb

Clouds

High 65°

Low 49°

Annual Climate Based on last 12 months

53° Avg Low

Jan

73° Avg High

Jul

66 Rainy Days

per year

Arid

Semi-Arid

Moderate

Wet

22.2" Annual Rainfall

Arid climate

❄

1 Snow Days

per year

Monthly Temperatures

Jan

59°

44°

Feb

64°

46°

Mar

78°

52°

Apr

70°

50°

May

77°

54°

Jun

83°

58°

Jul

84°

60°

Aug

84°

60°

Sep

82°

58°

Oct

74°

53°

Nov

64°

49°

Dec

57°

46°

Data from OpenWeatherMap & Open-Meteo

Walkability & Transit Scores

How easy is it to get around San Jose?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

Frequently Asked Questions

Common questions about this property

What is the size of 1299 Leigh Avenue, San Jose, California, United States?

This property offers 30,851 square feet of living space.

What is the listing price for 1299 Leigh Avenue, San Jose, California, United States?

This property is listed at $1,135,000,000, which equals $36790 per square foot.

What is the climate like in San Jose?

San Jose features a pleasant climate. Average temperatures range from 53°F in winter to 73°F in summer. The area receives approximately 22.2 inches of precipitation annually. There are about 66 days with rain throughout the year. Expect around 1 days with snow. This climate information can help you plan for seasonal activities and energy costs.

What are the best months to visit or move to San Jose?

San Jose tends to be warmest in Jul and coldest in Jan. The shoulder seasons of spring and fall often offer the most comfortable weather for moving and outdoor activities.

What type of property is 1299 Leigh Avenue, San Jose, California, United States?

This is a apartment located in San Jose, California. The property is situated in an established neighborhood with convenient access to local amenities and services.