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263 La Pala Dr
San Jose, CA 95127
Multifamily Property For Sale
·
12 Units
Investment Highlights
- First Time on Market in 30+ Years / Generational Multifamily Asset
- Easy to Manage, 12-Unit Apartment Cash Cow Asset in an Excellent Alum Rock Location in San Jose
- 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
- 12 High-Quality, Spacious Units With 6 Private Balconies (Upstairs Units) and 6 Private Patios (Downstairs Units)
- Current CAP Rate: 4.93% / Current GRM: 11.8; Pro-Forma CAP Rate: 6.66% / Pro-Forma GRM: 9.7
- Excellent, Convenient, Cul-de-Sac Location Near HWY 680 & 101, With Convenient Access to SJC Airport & Major Silicon Valley Employers
Property Facts
| No. Units | 12 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 3,550 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 5.63/1,000 SF |
| Zoning | R3 - Medium Density Multifamily | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,550 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 5.63/1,000 SF |
| Zoning | R3 - Medium Density Multifamily |
Amenities
Unit Amenities
- Balcony
- Double Vanities
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Carpet
- Double Pane Windows
- Patio
- Vinyl Flooring
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
Property Taxes
| Parcel Number | 601-06-035 | Improvements Assessment | $610,000 |
| Land Assessment | $920,000 | Total Assessment | $1,530,000 |
Property Taxes
Parcel Number
601-06-035
Land Assessment
$920,000
Improvements Assessment
$610,000
Total Assessment
$1,530,000
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