256 La Pala Dr
San Jose, CA 95127
Country Club Garden Apartments · Immeuble residentiel Propriété À vendre · 38 Unités

256 La Pala, or Country Club Gardens Apartments, (the Property) is a two story multifamily asset built in 1960, situated on a 1.69-acre lot and compromised of thirty-eight (38) well-maintained units, broken down to twenty-four (24) one bedroom one-bathroom units and fourteen (14) two-bedroom one-bathroom units. Current ownership has made significant capital improvements to the property. They include but are not limited to, upgraded solar system, new white membrane roof, upgraded courtyard stairs, and remodeled front entrance and façade. The Property has 28,256 square feet of rentable space, with desirable amenities including an on-site pool, on-site laundry, and private covered parking. Along with modern floor plans, the Property stands out as an amazing place for renters to call home.
The Property’s potential offers an investor the rare opportunity to purchase turnkey investment real estate in one of the highest barriers-to-entry residential markets in the U.S. The investment appeal of the Property is driven by the Property’s ground zero Silicon Valley location, strong employment fundamentals, and the significant affordability gap between renting and owning. Perfectly situated near Interstate 680, Interstate 880, Highway 237, and Highway 101, this asset is just moments away from prominent Silicon Valley companies such as Tesla, Seagate, LAM Research, KLA, and Cisco.
This offering is being made on an “as is”, “where is” basis.