Sold

1559 E Calaveras Boulevard

Milpitas CA, 95035

$11,050,000


$415.04 per sqft

Sold

26,624 sqft

Commercial

Built in 1962

Marcus & Millichap has been selected to exclusively offer for sale the Calaveras and Adams portfolio. The Calaveras and Adams portfolio consists of eight four-plex properties located in the highly desirable area and rapidly expanding city of Miliptas, California . The subject property offers a rare opportunity to own 32 units in Milpitas with an excellent unit mix . Built in 1965, the properties are situated on approximately two acres . The unit mix consists of 16 two-bedroom/one-bath units, eight one-bedroom/one-bath units and eight three-bedroom/ one-bath units. The units on the top floors provide balconies while the units on the first floor each have patios. Each of the four-plexes provides a front yard and single car port unit for each resident as well as ample street parking . Tenants will enjoy on site laundry facilities which also provide additional income. This rare portfolio opportunity provides an investor the prospect of stable rental rate growth and appreciation .

ML81647346

MLS ID

February 15, 2024

Updated

Map

1559 E Calaveras Boulevard
Milpitas CA, 95035

Interior Features

Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

2 Acres


Roof

Composition Shingles


Sewer

Public Sewer

Other Property Details

Area Name

Milpitas


Garage

No


Parking

Assigned


View

No


County

Santa Clara


Pool

No


Zoning

R3

Listed by Chris Saiz with Marcus & Millichap
Listing Contact: 408-887-8106 

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