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263 La Pala Dr
San Jose, CA 95127 La Pala South

Price Upon Request

Apartments For Sale  •  3,550 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,550 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1958
  • Zoning R3
38 Transit Score
68 Walk Score

Highlights

First Time on Market in 30+ Years / Generational Multifamily Asset
12 High-Quality, Spacious Units With 6 Private Balconies (Upstairs Units) and 6 Private Patios (Downstairs Units)
Easy to Manage, 12-Unit Apartment Cash Cow Asset in an Excellent Alum Rock Location in San Jose
Current CAP Rate: 4.93% / Current GRM: 11.8; Pro-Forma CAP Rate: 6.66% / Pro-Forma GRM: 9.7
Property SF: 3,520 SF (Each 6-Unit Parcel) x 2 = 7,040 SF (2 Parcels); Cost/Unit: $265,000/Unit; Cost/SF: $452/SF
Excellent, Convenient, Cul-de-Sac Location Near HWY 680 & 101, With Convenient Access to SJC Airport & Major Silicon Valley Employers

Financial Summary (Actual)

Net Operating Income: $156,734 USD (2024)
Total Expenses: $105,439 USD

Amenities

  • Balcony
  • Courtyard
  • Double Vanities
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Carpet
  • Double Pane Windows
  • Patio
  • Vinyl Flooring

Public Transportation

Commuter RailDriveWalkDistance
12 min - 7.4 mi
San Jose Diridon (Caltrain - Caltrain (Caltrain)) 12 min - 7.4 mi
AirportDriveWalkDistance
Norman Y Mineta San Jose International 14 min - 7.7 mi
Metro Oakland International 49 min - 36.8 mi
San Francisco International 50 min - 38.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes