Milpitas, CA 95035,545 Penitencia ST
Milpitas, CA 95035,545 Penitencia ST
Milpitas, CA 95035,545 Penitencia ST
Listed by Chris Saiz • Compass
Bought with Christopher Saiz • Compass
$1,635,000
Est. payment /mo
Est.Price: ?

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8 Beds
4 Baths
3,699 SqFt
SOLD DATE : 05/05/2023

Key Details

Sold Price $1,635,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,699 sqft

Price per Sqft $442

MLS Listing ID ML81923466

Bedrooms 8

Full Baths 4

Year Built 1972

Lot Size 8,761 Sqft

Property Sub-Type Fourplex

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 Milpitas

Zoning R3S

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Carport , Parking Area

Garage Spaces 2.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Shingle

Building

Foundation Crawl Space

Sewer Sewer - Public

Water Public

Others

Special Listing Condition Not Applicable

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Agent | DRE01254724 / 01254725

Agent DRE01254724 / 01254725

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