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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
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
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Bought with Christopher Saiz