Millman Team Real Estate

$11,800,000
1.69 Acre Lot

256 La Pala Drive, San Jose, California 95127

  • Commercial Sale Property Type
  • 1960 Year Built
Property Description

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.

Basic Details
Commercial Sale
For Sale
ML82026378
$11,800,000
1960
1.69 Acre
Active
: Flat
Features
: Wall Furnace
: None
43.0
$0
Address Map
CA
Santa Clara
San Jose
95127
La Pala
256
Drive
699 - Not Defined
R3
Neighborhood
Other
Additional Information
$0
$0
$0
$0
$0
28256
2025-10-31
: Public
Broker/Agent Information
Jefrey Henderson, Broker
Jefrey Henderson
Financial
163365.0
Listing Information
ML5067171
ML5009585
Active
2025-11-07T20:59:57Z
CRMLS
: Standard
2025-10-31T01:45:45Z
Agent info
Ray Millman
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