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$ 11,800,000

Est. payment -/mo

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Pending

256 La Pala DR San Jose, CA 95127

3 Beds

2 Baths

28,256 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 28,256 sqft

Price per Sqft $417

Lot Size 1.690 Acres

MLS Listing ID ML82026378

Bedrooms 3

Full Baths 2

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

Building/Comlex Name Country Club Garden Apartments

Zoning R3

Interior

Heating Wall Furnace

Cooling None

1-purchase type For Sale

Exterior

Garage 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

Restrictions None

Tax ID 601-06-042

Security Features Other

Special Sale Not Applicable

Listed by Jefrey Henderson of Jefrey Henderson, Broker
Bought with Jefrey Henderson of Jefrey Henderson, Broker

Anita Mohamed

Broker Associate | jhy1aaaaaaaaaaaaaaaa 244410410

+1(347) 903-3025 | stagesite-3.test@chime.me

256 La Pala DR San Jose, CA 95127

Key Details

Location

Interior

Exterior

Building

Others

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256 La Pala DR