Milpitas, CA 95035,545 Penitencia ST
Milpitas, CA 95035,545 Penitencia ST
Milpitas, CA 95035,545 Penitencia ST
Milpitas, CA 95035,545 Penitencia ST
Milpitas, CA 95035,545 Penitencia ST
Milpitas, CA 95035,545 Penitencia ST
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$1,635,000

Est.Price: ?

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Est. payment /mo

3,699 SqFt


SOLD DATE : 05/05/2023

Key Details

Sold Price $1,635,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,699 sqft

Price per Sqft $442

MLS Listing ID ML81923466

Sold Date 05/05/23

HOA Y/N No

Year Built 1972

Lot Size 8,759 Sqft

Property Description

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

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning R3S

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Carport

Carport Spaces 4

Roof Type Shingle

Accessibility Other

Total Parking Spaces 2

Building

Story 2

Sewer Public Sewer

Water Public

Schools

School District Other

Others

Tax ID 02209043

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Chris Saiz • Compass
Bought with Christopher Saiz
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25101 The Old Road Suite 240, Ranch, Ca, 91381, United States

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