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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