Milpitas, CA 95035,545 Penitencia ST
See all 7 photos
Milpitas, CA 95035,545 Penitencia ST
Milpitas, CA 95035,545 Penitencia ST
Milpitas, CA 95035,545 Penitencia ST
Milpitas, CA 95035,545 Penitencia ST

$1,635,000

Est. payment /mo

$1,700,000

3.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

545 Penitencia ST Milpitas, CA 95035

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

Acres 0.2011

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

Garage Carport

Carport Spaces 4

Roof Type Shingle

Accessibility Other

Parking Type Carport

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

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Chris Saiz • Compass
Bought with Christopher Saiz

Matt Peters

Broker Associate | License ID: 01984989

+1(626) 344-1956

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.