256 La Pala Dr

$11,800,000
Price
Beds
Baths
28,256 Sq. Ft.
$418 / Sq. Ft.
28,256
Sq. Ft.
$418
per Sq. Ft.

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,...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.

Property Details for 256 La Pala Drive

MLS City Name
SAN JOSE
Building Type
Other
Complex Name
Country Club Garden Apartments
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 11/07/2025 11:42 AM

Property Details for 256 La Pala Drive

StatusActive
MLS #ML82026378
Days on Compass45
Taxes$163,365 / 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

Location

Listing Courtesy of Jefrey Henderson, Broker, Jefrey Henderson, DRE #01483399
Add your commute

Building Information for 256 La Pala Drive

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

Payment Calculator

$71,922 per month

30 year fixed, 6.28% Interest

Principal and Interest

$58,308

Property Taxes

$13,614

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 256 La Pala Drive

Features
Features
  • Fireplace: No
  • Living SqFt: 28256
  • Pool: Yes
  • Pool Type: Pool - In Ground
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities, Solar
  • Water: Public
Carport and Parking
  • Carport Min: 43
Garage
  • Garage and Parking: Assigned Spaces, Common Parking Area, Covered Parking, Other
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 38
  • Area Text: Alum Rock
  • Restrictions: None
  • 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: 28256
  • Structure SqFt Source: Assessor
  • Age: 65
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: Other
  • 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: 37
General Information
  • Annual Tax Amount: $163,365
  • Capitalization Rate: 6.04
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents, Other
  • Vacancy Factor: 4
Income / Expense Details
  • Expense Insurance: $25,000
  • Expense Landscape: $0
  • Expense Maintenance: $19,000
  • Expense Management: $30,028
  • Expense Trash: $0
  • Expenses Other: $19,718
  • Expenses Utility: $47,755
  • Expenses Total: $304,866
  • Operating Expenses Include: Contract Services, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Utilities, Other
  • Gross Rent Multiplier: 11.13
  • Income Annual Gross: $1,017,583
  • Income Annual Rental: $1,044,864
  • Income Gross Scheduled: $1,059,982
  • Income Other: $15,118
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
Unit 2 Information
  • Unit 2 Approx Square Footage: 775
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
Unit Type 1
  • Unit Type1 Approx SqFt: 600

Property History for 256 La Pala Drive

DateEvent & SourcePriceAppreciation
Oct 31, 2025

Listed (Active)

EBRD #ML82026378

$11,800,000
Oct 31, 2025

Listed (Active)

MLSListings #ML82026378

$11,800,000
Jun 21, 2025

Expired

EBRD #ML82003952

Jun 20, 2025

Expired

MLSListings #ML82003952

$11,698,000
Apr 24, 2025

Listed (Active)

MLSListings #ML82003952

$11,698,000
Apr 24, 2025

Listed (Active)

EBRD #ML82003952

$11,698,000
Mar 24, 2025

Expired

EBRD #ML81984413

Mar 23, 2025

Expired

MLSListings #ML81984413

$12,198,000
Jan 22, 2025

Price Change

EBRD #ML81984413

$12,198,000
Oct 21, 2024

Listed (Active)

EBRD #ML81984413

$12,750,000
Oct 21, 2024

Listed (Active)

MLSListings #ML81984413

$12,750,000
Dec 27, 2011

Sold (Public Record)

Public Record #321610718

$4,550,000

+0.3% / yr

Feb 1, 2008

Expired

EBRD #ML80762323

Jan 31, 2008

Expired

RESFAR #80762323

Jan 31, 2008

Expired

MLSListings #ML80762323

$5,250,000
Nov 9, 2007

Listed (Active)

RESFAR #80762323

$5,250,000
Nov 9, 2007

Listed (Active)

EBRD #ML80762323

$5,250,000
Nov 9, 2007

Listed (Active)

MLSListings #ML80762323

$5,250,000
Jun 30, 2005

Sold

EBRD #ML80518521

$4,450,000
Jun 30, 2005

Sold

MLSListings #ML80518521

$4,450,000
Jun 30, 2005

Sold

RESFAR #80518521

$4,450,000
Jun 27, 2005

Sold (Public Record)

Public Record #160133626

$4,450,000

+11.8% / yr

May 4, 2005

Pending

RESFAR #80518521

May 4, 2005

Pending

MLSListings #ML80518521

May 4, 2005

Pending

EBRD #ML80518521

Apr 12, 2005

Listed (Active)

MLSListings #ML80518521

$4,560,000
Apr 12, 2005

Listed (Active)

EBRD #ML80518521

$4,560,000
Apr 12, 2005

Listed (Active)

RESFAR #80518521

$4,560,000
Jun 30, 2004

Sold (Public Record)

Public Record #136956607

$3,985,000
Jun 30, 2004

Sold

EBRD #ML80390730

$3,985,000
Jun 30, 2004

Sold

MLSListings #ML80390730

$3,985,000
Jun 30, 2004

Sold

RESFAR #80390730

$3,985,000
Apr 28, 2004

Pending

MLSListings #ML80390730

Apr 28, 2004

Pending

RESFAR #80390730

Apr 28, 2004

Pending

EBRD #ML80390730

Apr 15, 2004

Listed (Active)

RESFAR #80390730

$4,125,000
Apr 15, 2004

Listed (Active)

EBRD #ML80390730

$4,125,000
Apr 15, 2004

Listed (Active)

MLSListings #ML80390730

$4,125,000
DateEvent & SourcePrice
10/31/2025

Listed (Active)

EBRD #ML82026378

$11,800,000
10/31/2025

Listed (Active)

MLSListings #ML82026378

$11,800,000
06/21/2025

Expired

EBRD #ML82003952

06/20/2025

Expired

MLSListings #ML82003952

$11,698,000
04/24/2025

Listed (Active)

MLSListings #ML82003952

$11,698,000
04/24/2025

Listed (Active)

EBRD #ML82003952

$11,698,000
03/24/2025

Expired

EBRD #ML81984413

03/23/2025

Expired

MLSListings #ML81984413

$12,198,000
01/22/2025

Price Change

EBRD #ML81984413

$12,198,000
10/21/2024

Listed (Active)

EBRD #ML81984413

$12,750,000
10/21/2024

Listed (Active)

MLSListings #ML81984413

$12,750,000
12/27/2011

Sold (Public Record)

Public Record #321610718

$4,550,000

+0.3% / yr

02/01/2008

Expired

EBRD #ML80762323

01/31/2008

Expired

RESFAR #80762323

01/31/2008

Expired

MLSListings #ML80762323

$5,250,000
11/09/2007

Listed (Active)

RESFAR #80762323

$5,250,000
11/09/2007

Listed (Active)

EBRD #ML80762323

$5,250,000
11/09/2007

Listed (Active)

MLSListings #ML80762323

$5,250,000
06/30/2005

Sold

EBRD #ML80518521

$4,450,000
06/30/2005

Sold

MLSListings #ML80518521

$4,450,000
06/30/2005

Sold

RESFAR #80518521

$4,450,000
06/27/2005

Sold (Public Record)

Public Record #160133626

$4,450,000

+11.8% / yr

05/04/2005

Pending

RESFAR #80518521

05/04/2005

Pending

MLSListings #ML80518521

05/04/2005

Pending

EBRD #ML80518521

04/12/2005

Listed (Active)

MLSListings #ML80518521

$4,560,000
04/12/2005

Listed (Active)

EBRD #ML80518521

$4,560,000
04/12/2005

Listed (Active)

RESFAR #80518521

$4,560,000
06/30/2004

Sold (Public Record)

Public Record #136956607

$3,985,000
06/30/2004

Sold

EBRD #ML80390730

$3,985,000
06/30/2004

Sold

MLSListings #ML80390730

$3,985,000
06/30/2004

Sold

RESFAR #80390730

$3,985,000
04/28/2004

Pending

MLSListings #ML80390730

04/28/2004

Pending

RESFAR #80390730

04/28/2004

Pending

EBRD #ML80390730

04/15/2004

Listed (Active)

RESFAR #80390730

$4,125,000
04/15/2004

Listed (Active)

EBRD #ML80390730

$4,125,000
04/15/2004

Listed (Active)

MLSListings #ML80390730

$4,125,000

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$3,883,724Additions$1,826,193Total$5,709,917
Tax Record2025$92,532 ($7,711 / 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 - K to 12
Rating
School
Distance
Linda Vista Elementary School
PublicK to 5

William Sheppard 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.

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256 La Pala Drive is for sale in San Jose, CA 95127. This property was listed for sale on October 31, 2025 by Jefrey Henderson, Broker, it's currently listed at $11,800,000. It has been on the market for a total of 45 days and was last sold on December 27, 2011. This listing's school districts are East Side Union High School District, Alum Rock Union Elementary School District. Nearby schools include Linda Vista Elementary School, William Sheppard Middle School and James Lick High School. 256 La Pala Drive is a 0-bed, 0-bath, 28,256 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 Jefrey Henderson, Broker, Jefrey Henderson, DRE #01483399

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.