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545 Penitencia St, Milpitas, CA 95035
$1,635,000
545 Penitencia St, Milpitas, CA 95035View this property at 545 Penitencia St, Milpitas, CA 95035
545 Penitencia StMilpitasCA95035
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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
Full Property Details
Full Property Details for 545 Penitencia St
General
- Sold For: $1,635,000
- Status: Closed
- Type: Multi-Family
- MLS ID: ML81923466
- Added to Site: 413 day(s) ago
Additional Information
- Extras: Not Applicable
- Security/Safety: Other
Parking
- Parking Features: Carport , Parking Area
Location
- Area: Milpitas
- County: Santa Clara
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Individual Electric Meters, Individual Gas Meters
- Metering: Master Water, Separate Common Area
Structural Information
- Foundation: Crawlspace
- Roof: Shingle
- Disability Access: Other
- Square Feet: 3,699
- Year Built: 1972
Unit Information
Unit 1
- Bedrooms: 2
Unit 2
- Bedrooms: 2
Unit 3
- Bedrooms: 2
Unit 4
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.2011
- Minimum Lot Size: 8761
- Lot Size (Sq. Ft.): 8,761
- Building Sites: 1
- Zoning: R3S
Listed by Compass, Chris Saiz
Sold by Spsp02, Christopher Saiz
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Schools
Schools serving 545 Penitencia St
School District:Milpitas Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
140 N Abbott Ave, Milpitas, CA 95035 | K-6 | 0.3 mi | |
1500 Escuela Pkwy, Milpitas, CA 95035 | 7-8 | 1.5 mi | |
1285 Escuela Pkwy, Milpitas, CA 95035 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 545 Penitencia St
Date
Details
Price
Change
Source
5/05/2023
Sold
$1,635,000
-3.82%
MLS
4/03/2023
Listed
$1,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
545 Penitencia St, Milpitas, CA 95035 (MLS# ML81923466) is a Multi-Family property that was sold at $1,635,000 on May 05, 2023. Want to learn more about 545 Penitencia St? Do you have questions about finding other Multi-Family real estate for sale in Milpitas? You can browse all Milpitas real estate or contact a Coldwell Banker agent to request more information.