256 La Pala Drive

San Jose, CA 95127

$12,750,000
Price
Beds
32,000 Sq. Ft.
$398 / Sq. Ft.
32,000
Sq. Ft.
$398
per Sq. Ft.

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...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.
  1. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap • 650-391-1744
  2. Listed by Adam S. Levin • DRE #01462752 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 256 La Pala Drive

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
0
Parking Spaces
18
LISTING UPDATED: 10/21/2024 11:06 AM

Property Details for 256 La Pala Drive

StatusActive
MLS #ML81984413
Days on Compass70
Taxes$182,385 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1960
Lot Size1.69 AC / 73,616 SF
CountySanta Clara County

Building Information for 256 La Pala Drive

Stories-Residences-Year Built1960Building Size-Lot Size1.69 AC / 73,616 SF

Property Information for 256 La Pala Drive

Features
Features
  • Fireplace: No
  • Living SqFt: 32000
  • Pool: Yes
  • Pool Type: Pool - In Ground
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: Other
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 24
Garage
  • Garage and Parking: Carport, Unassigned Spaces
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 38
  • Area Text: Alum Rock
  • Restrictions: Other
  • Roof: Flat / Low Pitch
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 256
  • Street Name: La Pala
  • Street Suffix: Drive
  • Area ID: 4
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 32000
  • Structure SqFt Source: Other
  • Age: 64
Development Information
  • Zoning Detail: R3
Location Information
  • Parcel Number: 601-06-042
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95127
  • Elementary School District: 451
  • High School District Text: East Side Union High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: 1.69
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 38
General Information
  • Annual Tax Amount: $182,385
  • Capitalization Rate: 5.64
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $28,256
  • Expense Landscape: $5,400
  • Expense Maintenance: $19,000
  • Expense Management: $37,562
  • Expense Trash: $13,429
  • Expenses Other: $14,200
  • Expenses Utility: $53,740
  • Expenses Total: $353,972
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Gross Rent Multiplier: 11.53
  • Income Annual Gross: $1,079,977
  • Income Annual Rental: $1,079,977
  • Income Gross Scheduled: $1,079,977
  • Income Other: $25,635
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
Unit 3 Information
  • Unit 3 Full Bathrooms: 2
  • Unit 3 Number of Bedrooms: 2

Property History for 256 La Pala Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 256 La Pala Drive

Taxable ValueLand$3,807,573Additions$1,784,748Total$5,592,321
Tax Record2024$90,827 ($7,569 / month)
Home Facts
Total Finished SqFt28,256 SqFtAbove Grade Finished SqFt28,256 SqFtStories2Lot Size73,616 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningR3CountySANTA CLARAAPN601-06-042Fireplace TypeHas Fireplace

Schools near 256 La Pala Drive

This home is within Alum Rock Union Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Linda Vista Elementary School
PublicK to 5

Joseph George Middle School
Public6 to 8

James Lick High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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256 La Pala Drive is for sale in San Jose, CA 95127. This property was listed for sale on October 21, 2024 by Marcus & Millichap, it's currently listed at $12,750,000. It has been on the market for a total of 70 days and was last sold on December 27, 2011. This listing's school districts are Alum Rock Union Elementary School District, East Side Union High School District. Nearby schools include Linda Vista Elementary School, Joseph George Middle School and James Lick High School. 256 La Pala Drive is a 0-bed, 0-bath, 32,000 sqft built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Adam S. Levin, DRE #01462752

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.