Homes for sale - 256 La Pala DR, San Jose, CA 95127

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Ryan Mull

rkp@therealtysociety.com +1(408) 805-0359

Listed by Jefrey Henderson • Jefrey Henderson, Broker

$ 11,800,000

Est. payment | -/mo

3 Beds

2 Baths

28,256 SqFt

Save

$ 11,800,000

Est. payment | -/mo

Save

3 Beds

2 Baths

28,256 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 28,256 sqft

Price per Sqft $417

MLS Listing ID ML82026378

Bedrooms 3

Full Baths 2

Year Built 1960

Lot Size 1.690 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

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 Alum Rock

Zoning R3

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Assigned Spaces, Common Parking Area, Covered Parking, Other

Pool Pool - In Ground

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

Roof Type Flat / Low Pitch

Building

Foundation Other

Sewer Sewer - Public

Water Public

Others

Tax ID 601-06-042

Special Listing Condition Not Applicable

GET MORE INFORMATION

Ryan Mull

Broker-Associate | Lic# 01329887

rkp@therealtysociety.com

+1(408) 805-0359

42 Martin St Gilroy, CA, 95020

256 La Pala DR San Jose, CA 95127

Ryan Mull

Key Details

Location

Interior

Exterior

Building

Others

256 La Pala DR