545 Penitencia Street, Milpitas, CA 95035

About this fourplex

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

Listing description from the May 2023 sale, as reported to CRMLS.

Sale history

$1,635,000

Sold May 2023 · listed $1,700,000, on market April 2023 · MLS #ML81923466 · Source: CRMLS

Listing Agent: Chris Saiz · Listing Office: Compass · Contact: (415) 345-3000 · Bought with: Christopher Saiz

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