CA
Santa Clara
SAN JOSE
95127
263 La Pala Drive
263 La Pala Drive, SAN JOSE, CA 95127
Share Listing
Listing Type
Multi Family
Listing Status
active
106
$1,620,000

Home Details for 263 La Pala Drive

Price
$1,620,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
3520
Year built
1958
Lot size acres
0.1529
County
Santa Clara
Garage
6
Basement
Crawl Space
Days on site
32
MLS Listing#
ML82023120
Listed By: Colliers Parrish International, Inc. - 408-282-3800
Listed By: Don Sung
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.

Property Features
  • Cooling Information
    • None
  • Heating Information
    • Wall Furnace
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
  • Basement
    • Crawl Space
MLSListings logo The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than EXIT Realty are marked with the Internet Data Exchange adn detailed information about them includes the names of the listing brokers and listing agents.
Based on information from the MLSListings MLS. 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. Copyright 2025 MLSListings Inc. All rights reserved.

IDX display powered by Constellation Web Solutions
Last Updated: 2025-10-14 04:16:21
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from MLSListings.
EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
Request more details
Code: