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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#: ML81923466MLS Logo

    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

    DateEventPrice
    10/17/2025Sold$566,500-65.4%$153/sqft
    Source: Public Record
    5/5/2023Sold$1,635,000$442/sqft
    Source: MLSListings Inc #ML81923466

    Public tax history

    YearProperty taxesTax 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
    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