$12,750,000
For Sale

256 La Pala Drive

San Jose, CA 95127
1.69 acres | #ML81984413
Listing OfficeMarcus & Millichap
Browse 22 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

Country Club Garden Apartments is an exceptional 38-unit apartment community located in a quiet cul-de-sac in San Jose's East Foothills. Situated on a parcel of land totaling 1.69 acres, the subject property features a gross building area of approximately 32,000* square feet, offering tenants beautifully designed two-bedroom and one-bedroom floor plans. Additionally, tenants enjoy convenient community amenities such as private covered parking, a community pool, and an on-site laundry facility. Country Club Garden Apartments has undergone extensive capital improvements such as extensive repiping featuring copper water pipes, new dual-pane windows, new roof membrane, remodeled laundry room. Additionally, the subject property has recently completed the installation of a new solar energy system. This upgrade features new Siemens main electrical panels, a new 32.16kW LG solar system, and new carport roofs. Total capital expenditures for this project exceed $300k. Country Club Garden Apartments is within walking distance to the Target anchored Capitol Square Mall, home to a myriad of dining, shopping, and entertainment options.

  • Property Details
      • Acres1.69
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1960
  • Utilities / Energy Details
      • Utility SourcePublic
  • Community and Neighborhood Details
      • CountySanta Clara
      • School DistrictOther
  • Financial Details
      • Original List Price$12,750,000
      • Taxes Annual$182,385
  • Other
      • MLS #ML81984413

Location

Gary ElminoufiReal Estate Group
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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