CA > San Jose
San Jose, CA 95127,256 La Pala DR
San Jose, CA 95127,256 La Pala DR
San Jose, CA 95127,256 La Pala DR
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$11,800,000
Est. payment /mo
1.69 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82026378

HOA Y/N No

Year Built 1960

Annual Tax Amount $163,365

Lot Size 1.690 Acres

Property Description

256 La Pala, or Country Club Gardens Apartments, (the Property) is a two story multifamily asset built in 1960, situated on a 1.69-acre lot and compromised of thirty-eight (38) well maintained units, broken down to twenty-four (24) one bedroom one-bathroom units and fourteen (14) two-bedroom one-bathroom units. Current ownership has made significant capital improvements to the property. They include but are not limited to, upgraded solar system, new white membrane roof, upgraded courtyard stairs, and remodeled front entrance and façade. The Property has 28,256 square feet of rentable space, with desirable amenities including an on-site pool, on-site laundry, and private covered parking. Along with modern floor plans, the Property stands out as an amazing place for renters to call home. The Property's potential offers an investor the rare opportunity to purchase turnkey investment real estate in one of the highest barriers-to-entry residential markets in the U.S. The investment appeal of the Property is driven by the Property's ground zero Silicon Valley location, strong employment fundamentals, and the significant affordability gap between renting and owning.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning R3

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 43

Roof Type Flat

Building

Water Public

Schools

School District Other

Others

Tax ID 60106042

Special Listing Condition Standard

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CRMLS – RECore
Listed by Jefrey Henderson Jefrey Henderson, Broker

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