263 La Pala DR new Save Request In-Person Tour Request Virtual Tour
San Jose,CA 95127
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,520 sqft
Price per Sqft $460
MLS Listing ID ML82023120
Bedrooms 1
Full Baths 1
Year Built 1958
Lot Size 6,660 Sqft
Property Sub-Type Five or More Units
Property Description
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 $1,620,000. $270,000/Unit. $460/SF. CAP Rate: Current: 4.68%. Market: 6.52%. GRM: Current: 12; Market: 10. Excellent Unit Mix: Six (6) Spacious 1 Bedroom/1 Bath Units (565 SF). 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
State CA
County Santa Clara
Area Alum Rock
Zoning R3
Rooms
Kitchen Oven Range - Gas,Refrigerator
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet,Hardwood,Laminate
Laundry Coin Operated
Exterior
Parking Features Parking Area,Uncovered Parking
Garage Spaces 6.0
Utilities Available Individual Electric Meters,Individual Gas Meters,Natural Gas,Public Utilities
Roof Type Composition
Building
Foundation Crawl Space
Sewer Sewer - Public
Water Public
Others
Special Listing Condition Not Applicable