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603 Penitencia Street
Listed by Keller Williams Thrive, Inary Zou, Listing Contact: 6508129293
$1,800,000

603 Penitencia Street

1,860 Sq.Ft.

Description

Rare opportunity to own an expansive single-story duplex situated on a premium quarter-acre corner lot in one of Silicon Valleys most desirable cities. This versatile property offers a compelling blend of immediate rental income, significant recent upgrades, and future development potential. The property features two well-proportioned units, including one tenant-occupied unit providing stable income and one unit (lease end in May) ideal for owner-occupancy or premium rental. Both units have been improved with approximately $200K in total renovations, enhancing overall condition and livability. Upgrades include new luxury vinyl flooring, fresh interior paint, updated kitchen cabinetry, granite countertops, reroof and more. Each unit enjoys its own oversized private backyard, along with an attached garage featuring washer/dryer hookups, offering both comfort and convenience.The expansive quarter-acre corner lot presents excellent ADU and expansion possibilities (buyer to verify with city), creating additional income potential and long-term upside.Ideally located with easy access to Highways 680 and 880, and within highly rated school boundaries including Curtner Elementary, Thomas Russell Middle, and Milpitas High School.

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Location

603 Penitencia Street, MILPITAS, CA 95035

Status

Sold
Rob Nunes

Rob Nunes

TITLE

Realtor®

Property Amenities

Interior
Appliances Washer, Washer/Dryer
Area & Lot
Total area 1,860 Sq.Ft.
Living area 1,860 Sq.Ft.
MLS® ID ML82039573
Year Built 1961
School District Milpitas Unified
Middle School Thomas Russell Junior High
Elementary School Curtner Elementary
Type Multi-Family
Status Sold
Exterior
Stories 1
Pool None
Air conditioning Central Air
Heat type Central, Forced Air, Natural Gas
Water Source Public
Garage Space 2.0
Security Features Other
Sewer Public Sewer
Parking Attached, Guest
Roof Composition
Finance
Sales Price $1,800,000
Maintenance Fee $4,000 monthly
Real Estate Tax $16,846 yearly

Work With Rob

I provide my clients with the precision gained when earning my degree in mathematics, and marketing and sales experience from my 25 years in the tech industry, and pledge that my clients will receive my personal attention from the beginning of the search or listing to the final closing. I look forward to representing you!