Property Details
About this Property
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.
MLS Listing Information
MLS #
ML82020180
MLS Source
MLSListings, Inc.
Days on Site
15
Interior Features
Cooling
Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Garage: 10 Car(s)
Elementary District
San Jose Unified
High School District
East Side Union High
Sewer
Public Sewer
Water
Public
Zoning
R3
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 11 | 12 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 587 | 1 | 1/0 | $1,478 | $2,384 | 12 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
263 - 267 La Pala Dr is a Residential Income in San Jose, CA 95127. This 7,040 square foot property sits on a 0.305 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,180,000 and was built in 1958. This address can also be written as 263 - 267 La Pala Dr, San Jose, CA 95127.
©2025 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of September 04, 2025. For the most current information, please contact Don Sung, (650) 380-5188
