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256 La Pala Drive, San Jose, CA 95127
Priced at Only: $11,800,000
For more Information Call Mobile: 714.478.6676
Address: 256 La Pala Drive, San Jose, CA 95127
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  • MLS#: ML82026378 ( )
  • Street Address: 256 La Pala Drive
  • Viewed: 4
  • Price: $11,800,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 48
  • Additional Information
  • County: SANTA CLARA
  • City: San Jose
  • Zipcode: 95127
  • Provided by: Jefrey Henderson, Broker
  • Contact: Jefrey Jefrey
  • California Regional MLS IDX
  • DMCA Notice
  • 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 faade. 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.
Features
Building Area Total
  1. 28256.00
Carport Spaces
  1. 43.00
Cooling
  1. None
Heating
  1. Wall Furnace
Insurance Expense
  1. 25000.00
Otherexpense
  1. 19718.00
Parcel Number
  1. 60106042
Roof
  1. Flat
Totalexpenses
  1. 304866.00
Trash Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1960
Year Built Source
  1. Assessor
Zoning
  1. R3
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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