$1,620,000

263 La Pala Drive, San Jose, CA 95127

3,520 sqft

other
Built in 1958
6,534sqft lot
—— car garage
$460/sqft
Listed 1 month ago

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+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.

Listing Status:: Active
Date Added:: September 27, 2025 at 05:00AM
Listing Office:: Colliers Parrish International, Inc. : 408-282-3800
Listing Agent:: Don Sung : 650-380-5188
MLS ID:: ML82023120

Appliances: Refrigerator
Laundry: Coin Operated
Flooring: HardwoodLaminate
A/C: None
Heating: Wall Furnace

Parking: Parking Lot

Roofing: Shingle

County: Santa Clara

Zoning: R360106035

This listing courtesy of Don Sung, Colliers Parrish International, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

James Lick High School

57 N White Rd, San Jose, CA, 95127

Grades 9-12

0.71 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.