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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$1,620,000
Est. payment /mo
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6,660 Sqft Lot
Active

263 La Pala DR San Jose, CA 95127

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Nathan King Real Estate Group

Nathan King Real Estate Group

+1(559) 396-0000

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82023120

HOA Y/N No

Year Built 1958

Annual Tax Amount $24,072

Lot Size 6,660 Sqft

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+90 SF Balcony/Patio). 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 699 - Not Defined

Zoning R3

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Utilities Available Natural Gas Available

Roof Type Composition

Total Parking Spaces 6

Building

Water Public

Schools

School District Other

Others

Tax ID 60106035

Special Listing Condition Standard

CRMLS – RECore
Listed by Don Sung Colliers Parrish International, Inc.

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Nathan King Real Estate Group

Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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