263 La Pala DR, San Jose, CA 95127
- $1,530,000
- 3,520
- SqFt
Listed by Don Sung, 650-380-5188 from Colliers Parrish International, Inc.
(If provided) CoList: from
Sold listing courtesy of Ken Lam from ADVSR
- Sold Price
- $1,530,000
- List Price
- $1,570,000
- Closing Date
- Dec 30, 2025
- MLS#
- ML82023120
- Status
- SOLD
- Sqft. of Residence
- 3,520
- Lot Size
- 6,660
- Listing Area
- Alum Rock
- Year Built
- 1958
Property Description
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.
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Additional Information
- Acres
- 0.15
- Age
- 67
- Cooling System
- None
- Floor Covering
- Carpet, Hardwood, Laminate
- Foundation
- Crawl Space
- Garage Parking
- Parking Area, Uncovered Parking
- Heating System
- Wall Furnace
- Laundry Facilities
- Coin Operated
- Living Area
- 3,520
- Lot Size
- 6,660
- Neighborhood
- Alum Rock
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
- Roof
- Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- R3
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