5008 Leigh Avenue, San Jose, California 95124, San Jose, 95124 - 3 bed, 2 bath
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5008 Leigh Avenue
San Jose, California 95124
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,350Sq Ft
8,500Lot Size
Property Price
LIST PRICE$1,999,999
EST. MARKET VALUE
$1,812,978
10% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,999,999, positioned above the $1,812,979 Fair Market Value. While the price reflects a premium, the 8,500 square foot lot offers significant development potential for an ADU or expansion. With a Condition Rating of 5, the home requires a full-scale renovation to modernize the 1958 structure. Located in a prime Cambrian neighborhood served by top-rated schools (9/10), this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a long-term value-add project.
Estimated Market Value
$1,812,978
Based on Realkey algorithm analyzing recent comparable sales in San Jose.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5008 Leigh Avenue Subject 3 bd · 2 ba · 1,350 sqft · $1,343 | $1,999,999* List Price | 3 | 2 | 1,350 | $1,343 | - |
A 1939 Hershner Drive Sold 3 bd · 2 ba · 1,248 sqft · $1,454 · 0.4 mi | $1,815,000 | 3 | 2 | 1,248 | $1,454 | 0.4 mi |
B 14550 Gunston Way Active 3 bd · 2 ba · 1,461 sqft · $1,369 · 0.5 mi | $1,999,900 List Price | 3 | 2 | 1,461 | $1,369 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1958 with no evidence of significant renovations in over 50 years. The kitchen and bathrooms feature original or near-original cabinetry, yellow laminate countertops, and dated fixtures. Interior finishes include aged wood paneling and green shag carpeting. The listing description explicitly suggests building a 'dream home,' indicating the property requires a full rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8500, living area = 1350.
- Great Schools
Elementary School: Carlton Elementary School (9/10). Middle School: Union Middle School (9/10).
- Exceptional School District
The property is served by top-tier schools including Carlton Elementary and Union Middle, both boasting 9/10 ratings, which significantly sustains long-term property value and family appeal.
CONSRISKS & DEFICIENCIES
- High Price per Square Foot
With a listing price of nearly $2 million for a 1,350 square foot residence, the property commands a high premium that may be difficult to justify without immediate upgrades.
- Likely Renovation Requirement
The marketing emphasis on 'building a dream home' and the use of virtually rendered photos suggest the original 1958 structure requires significant capital investment for modernization.
About 5008 Leigh Avenue
Charming single-family home located at 5008 Leigh Ave, San Jose, CA 95124. This lovely residence accords a comfortable living space of 1,350 square feet, perfectly designed to accommodate your lifestyle needs. With three bedrooms and two full bathrooms, this home provides ample space for relaxation and privacy. Situated on a 8,276 Square Feet Lot , there is plenty of outdoor space for various activities and potential landscaping, pool or ADU projects. This property's location in South San Jose's Cambrian area (near Los Gatos) and provides convenient access to local amenities, dining, and entertainment options, making it a wonderful place to call home. Don't miss the opportunity to build this beautiful property into your dream home or homes. Some photos have been virtually rendered.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1958
- Lot Size
- 8,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Jose Unified Schools
Carlton Elementary School
Grades K-5 • 1.3 mi
9/10
Union Middle School
Grades 6-8 • 0.7 mi
9/10
Leigh High School
Grades 9-12 • 0.2 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,350 | 1,721.238 |
| Lot Size | 8,500 | 6,271.145 |
| Price | $2.00M | $1.67M |
| Price per sq ft | $1.5K | $972 |
| Built year | 1958 | 1965 |
| HOA | $0 | $190 |
| Days on market | 11 | 38 |
Pricing History
Listed for Sale
Oct 13, 2026
$1,999,999
Initial Listing