263 La Pala DR, San Jose, CA 95127

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.