263 La Pala Drive, San Jose, CA 95127
- Sqft
- 3,520
- Garage
- Yes
- Pool
- Yes
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
PRICE REDUCTION: $1,570,000. 6 High-Quality, Pride-Of-Ownership Units in Alum Rock /San Jose Area. First Time on Market in 30+ Years/Generational Asset. Strong Historical Tenancy: Easy to Lease & Easy to Manage w/ Reliable Cashflow and Rental Upside. 6-Units Attractively Priced at $1,570,000. $2761,667/Unit. $446/SF. CAP Rate: Current: 4.83%. Market: 6.73%. GRM: Current: 12; Market: 10. Excellent Unit Mix: Six (6) Spacious 1 Bedroom/1 Bath Units (565 SF+90 SF Balcony/Patio). 10 Uncovered Parking Spaces in Rear of Property: 10 Parking Spaces for Each Parcel. Shared Courtyard Between 2 Parcels w/ 2 Driveways to Access Parking Spaces. 4 of 6 Units Have Been Renovated w/ Updated Kitchen & Bathrooms. Easy to Manage Units with Low Tenant Turnover. Consistently Strong Rents. Steady Cashflow. Capital Improvements: Dual-Pane Windows, Sliding Doors, New Water Heaters, and More. Proven, Consistent Income-Generator, Providing Strong Cashflow with Low Vacancies and Turnovers. Excellent, Convenient, Cul-de-Sac Location Near HWY 680 & 101, Convenient Access to SJC Airport & Major Silicon Valley Employers. Major Technology Employers: NVIDIA, Adobe, Apple, Cisco, PayPal. PLEASE DO NOT DISTURB TENANTS.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 2
- Square feet
- 3,520
- Lot size (acres)
- 0.15
- Year built
- 1958
Exterior features
- Pool
- Yes
Garage and parking
- Garage parking spaces
- 6
Utilities
- Heating
- Wall furnace
- Cooling
- None
- Sewer
- Public sewer
- Water
- Public
Estimated monthly costs
- Insurance
- $2,872
Taxes
- Tax Annual Amount
- $24,072
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: MLSListings (California) MLS®#: ML82023120 Last checked: …
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