CA > San Jose
San Jose, CA 95127,263 La Pala DR
San Jose, CA 95127,263 La Pala DR
San Jose, CA 95127,263 La Pala DR
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Listed by Don Sung • Colliers Parrish International, Inc.
$1,620,000
Est. payment /mo
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1 Bed
1 Bath
3,520 SqFt
New

263 La Pala DR San Jose, CA 95127

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Madhu Sarkar

Madhu Sarkar

+1(650) 504-7768

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,520 sqft

Price per Sqft $460

MLS Listing ID ML82023120

Bedrooms 1

Full Baths 1

Year Built 1958

Lot Size 6,660 Sqft

Property Sub-Type Five or More Units

Property Description

6 High-Quality, Pride-Of-Ownership Units in Alum Rock /San Jose Area. First Time on Market in 30+ Years/Generational Asset. Strong Historical Tenancy: Easy to Lease & Easy to Manage w/ Reliable Cashflow and Rental Upside. 6-Units Attractively Priced at $1,620,000. $270,000/Unit. $460/SF. CAP Rate: Current: 4.68%. Market: 6.52%. GRM: Current: 12; Market: 10. Excellent Unit Mix: Six (6) Spacious 1 Bedroom/1 Bath Units (565 SF). 10 Uncovered Parking Spaces in Rear of Property: 10 Parking Spaces for Each Parcel. Shared Courtyard Between 2 Parcels w/ 2 Driveways to Access Parking Spaces. 4 of 6 Units Have Been Renovated w/ Updated Kitchen & Bathrooms. Easy to Manage Units with Low Tenant Turnover. Consistently Strong Rents. Steady Cashflow. Capital Improvements: Dual-Pane Windows, Sliding Doors, New Water Heaters, and More. Proven, Consistent Income-Generator, Providing Strong Cashflow with Low Vacancies and Turnovers. Excellent, Convenient, Cul-de-Sac Location Near HWY 680 & 101, Convenient Access to SJC Airport & Major Silicon Valley Employers. Major Technology Employers: NVIDIA, Adobe, Apple, Cisco, PayPal. PLEASE DO NOT DISTURB TENANTS.

Location

State CA

County Santa Clara

Area Alum Rock

Zoning R3

Rooms

Kitchen Oven Range - Gas, Refrigerator

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet, Hardwood, Laminate

Laundry Coin Operated

Exterior

Parking Features Parking Area, Uncovered Parking

Garage Spaces 6.0

Utilities Available Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities

Roof Type Composition

Building

Foundation Crawl Space

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 601-06-035

Security Features None

Special Listing Condition Not Applicable

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Madhu Sarkar

Madhu Sarkar

DRE# 01702931 | License ID: 01702931

+1(650) 504-7768

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263 La Pala DR