Country Club Garden Apartments | 256 La Pala Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Country Club Garden Apartments 256 La Pala Dr
38 Unit Apartment Building $12,198,000 ($321,000/Unit) 5.67% Cap Rate San Jose, CA 95127
INVESTMENT HIGHLIGHTS
- Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable rental markets in the South Bay.
- This upgrade features new Siemens main electrical panels, and a new 32.16kW LG solar system, and new carport roofs.
- A remodeled front entrance and facade, and a renovated laundry room with a modern mobile payment system.
- Country Club Garden Apartments has recently completed the installation of a new LG solar energy system.
- The subject property has undergone extensive capital improvements such as a new white membrane roof, upgraded courtyard stairs.
- The subject property offers tenants convenient community amenities such as private covered parking, a community pool, and an on-site laundry facility.
EXECUTIVE SUMMARY
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. The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC). SJC is one of the busiest airports in all of Northern California serving millions of passengers every year to both domestic and international destinations.
The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. With a world-class location in the Silicon Valley, Country Club Garden Apartments presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
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. The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC). SJC is one of the busiest airports in all of Northern California serving millions of passengers every year to both domestic and international destinations.
The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. With a world-class location in the Silicon Valley, Country Club Garden Apartments presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $12,198,000 | Apartment Style | Low-Rise |
| Price Per Unit | $321,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.69 AC |
| Cap Rate | 5.67% | Building Size | 32,000 SF |
| Gross Rent Multiplier | 11.69 | Average Occupancy | 100% |
| No. Units | 38 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.31/1,000 SF |
| Price | $12,198,000 |
| Price Per Unit | $321,000 |
| Sale Type | Investment |
| Cap Rate | 5.67% |
| Gross Rent Multiplier | 11.69 |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.69 AC |
| Building Size | 32,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.31/1,000 SF |
UNIT AMENITIES
- Balcony
- Kitchen
- Oven
- Range
- Views
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | - |
| 2+1 | 14 | - | - |
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 601-06-042 | Total Assessment | $5,482,894 |
| Land Assessment | $3,732,915 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,749,979 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
601-06-042
Land Assessment
$3,732,915
Improvements Assessment
$1,749,979
Total Assessment
$5,482,894
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
ZONING
| Zoning Code | R3, San Jose |
| R3, San Jose |
1 of 23
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Country Club Garden Apartments | 256 La Pala Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.