Sold for $566,500 on 10/17/25
$566,500
545 Penitencia St, Milpitas, CA 95035
--beds
--baths
3,699sqft
Quadruplex, Residential Income
Built in 1972
-- sqft lot
$1,159,800 Zestimate®
$153/sqft
$2,914 Estimated rent
Home value
$1,159,800
$1.01M - $1.33M
$2,914/mo
Zestimate® history
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What's special
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
Zillow last checked: 8 hours ago
Listing updated: June 18, 2024 at 01:42pm
Listed by:
Chris Saiz 01850380 408-887-8106,
Compass 415-345-3000
Bought with:
Christopher Saiz, 01850380
Compass
Source: MLSListings Inc,MLS#: ML81923466
Facts & features
Interior
Heating
- Wall Furnace
Cooling
- None
Features
- Doors: Other
Interior area
- Total structure area: 3,699
- Total interior livable area: 3,699 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport, Parking Area
- Carport spaces: 4
Accessibility
- Accessibility features: Other
Features
- Stories: 2
Lot
- Size: 8,761 sqft
Details
- Parcel number: 02209043
- Zoning: R3S
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Crawl Space
- Roof: Shingle
Condition
- Year built: 1972
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public, Individual Electric Meters, Individual Gas Meters
Community & neighborhood
Location
- Region: Milpitas
Other
Other facts
- Listing agreement: ExclusiveRightToSell
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2025 | Sold | $566,500-65.4%$153/sqft |
Source: Public Record | ||
| 5/5/2023 | Sold | $1,635,000$442/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $19,832 +2.3% | $1,701,054 +2% |
| 2024 | $19,392 +750.6% | $1,667,700 +896.4% |
| 2023 | $2,280 +0.2% | $167,375 +2% |
Find assessor info on the county website
Neighborhood: 95035
Nearby schools
GreatSchools rating
- 7/10Anthony Spangler Elementary SchoolGrades: K-6Distance: 0.3 mi
- 8/10Thomas Russell Middle SchoolGrades: 7-8Distance: 1.5 mi
- 9/10Milpitas High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- District: MilpitasUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,159,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,159,800


