- $3.2M Price
- .31 Acres
- 27 DOM
La Pala Drive
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.
Essential Information
- MLS® #ML82020180
- Price$3,180,000
- Bathrooms0.00
- Acres0.31
- Year Built1958
- TypeCommercial Sale
- StatusActive
Community Information
- AddressLa Pala Drive
- Area699 - Not Defined
- CitySan Jose
- CountySanta Clara
- Zip Code95127
Amenities
- UtilitiesNatural Gas Available
- Parking Spaces20
Interior
- HeatingWall Furnace
- CoolingWall/Window Unit(s)
Exterior
- RoofComposition
School Information
- DistrictOther
- ElementaryOther
Additional Information
- Date ListedSeptember 3rd, 2025
- Days on Market27
- ZoningR3
Listing Details
- AgentDon Sung
Office
Colliers Parrish International, Inc.
Don Sung, Colliers Parrish International, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of September 30th, 2025 at 4:25am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.