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35 APARTMENT UNITS – STAR LANE APARTMENTS – 272-280 La Pala Drive,  San Jose CA 95127

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Star Lane Apartments can be purchased with Country Club Garden at 256 La Pala or as a single investment. The subject property offers  residents the choice of several well-designed floor plans, and the investor, an excellent unit mix of  21 one-bedroom/one-bath apartment homes averaging 535 square feet, and 14 two-bedroom/one-bath apartment homes in two floor plans, approximately measuring 672 square feet and  750 square feet. All units overlook the expansive, well-landscaped center courtyard and swimming pool.

The expansive frontage of the property provides great street visibility with good curb potential and visitor parking.  The property offers an on-site laundry room, covered tuck under parking as well as 16 stand-alone carport spaces.  Clean and well-maintained, Star Lane Apartments offers an excellent opportunity for investors to purchase in a market that consistently posts strong fundamentals.

   

INVESTMENT HIGHLIGHTS

  • High Occupancy Driven by Strong Economic Location
  • San Jose Rent Increases Forecasted at Five to Seven Percent for Next Several Years
  • San Jose has One of the Lowest Construction Rates in the Country (175 Units in 2009)
  • Schools, Shopping and Recreational Features in Local Vicinity
  • Four Miles from Westfield’s Eastridge Mall and 149 Stores
 
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Or Call Ed Cerna at
(408)993-0328 ext. 101
 

*American Community Survey, 2006

 
 
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Disclaimer:
“The representations contained on this internet page are provided based on information deemed reliable. However, the same has not been independently verified. Principals are advised to conduct a thorough due diligence for any potential transaction. Marcus & Millichap Real Estate Investment Services name and logo are used herein for information purposes only."

 


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