545 Penitencia ST, MILPITAS, CA 95035

MLS# ML81923466
Status: Sold

  • $1,700,000

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  • 3699

    Approx. Sq. Ft.
  • 0.2011

    Approx. Lot Size
  • Listing Class: Residential Income (2-4 units)
  • Property Type: Multi Family
  • Year Built: 1972
  • Stories: 2
  • # of Parkings: 2

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    Details

    The Saiz Group of Compass Commercial is pleased to present 545 Penitencia Street for sale. The subject property presents the opportunity to acquire a value-add multi-family asset within one of Silicon Valley's most desirable cities, Milpitas. Through facade and unit renovations, rents and net operating income can be improved leading to solid equity growth and long term capital preservation. Milpitas' excellent Silicon Valley location, strong long-term economic fundamentals, great schools and quality of life all point too long term demand for Milpitas as a place to call home. With the median household income estimated at $149,312 [1] and the median gross rent of $2,762 [1], 545 Penitencia Street offers an outstanding investment opportunity. [1] https://www.census.gov/quickfacts/milpitascitycalifornia

    Features

    General Features

    • Listing ClassResidential Income (2-4 units)
    • Parcel022-09-043
    • Year Built1972
    • Property TypeMulti Family
    • ZoningR3S
    • # of Stories2
    • FoundationCrawl Space
    • Age51
    • Horse PropertyNo

    Interior Features

    • Accessibility FeaturesOther
    • Security FeaturesOther

    Utilities & Energy

    • UtilitiesIndividual Electric Meters,Individual Gas Meters
    • Sewer/SepticSewer - Public
    • CoolingNone
    • WaterPublic
    • HeatingWall Furnace

    Parking

    • Parking Spaces2
    • Parking FeaturesCarport ,Parking Area

    Market Conditions

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    Sold Price vs List Price
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    # of Homes Listed vs # of Homes Sold
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