0 La Pala Drive, San Jose, CA 95127
  • MLS#: ML82020180 ( )
  • Street Address: 0 La Pala Drive
  • Viewed: 6
  • Price: $3,180,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1958
  • Bldg sqft: 0
  • Days On Market: 53
  • Additional Information
  • County: SANTA CLARA
  • City: San Jose
  • Zipcode: 95127
  • Provided by: Colliers Parrish International, Inc.
  • Contact: Don Don
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    12 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. 2 apns (6 units each parcel) to be sold together. 12 units attractively priced at $3,180,000. $265,000/unit. $452/sf. Cap rate: current: 4. 93%. Market: 6. 66%. Grm: current: 11. 8; market: 9. 7. Excellent unit mix: twelve (12) spacious 1 bedroom/1 bath units (565 sf). 20 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. 8 of 12 units have been renovated w/ updated kitchen & bathrooms. 1 unit receives partial housing assistance. 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.
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Features
Building Area Total
  1. 7040.00
Carport Spaces
  1. 0.00
Cooling
  1. Wall/Window Unit(s)
Heating
  1. Wall Furnace
Insurance Expense
  1. 5744.00
Otherexpense
  1. 10800.00
Parcel Number
  1. 60106035 & 60106034
Roof
  1. Composition
Totalexpenses
  1. 105439.00
Trash Expense
  1. 6480.00
Utilities
  1. Natural Gas Available
Water Source
  1. Public
Year Built
  1. 1958
Year Built Source
  1. Assessor
Zoning
  1. R3