NOT LISTED FOR SALE

1346 Calle Oriente Milpitas, CA 95035

6 Beds
4 Baths
2,944 Sq Ft
8,995 Sq Ft Lot

Last Sold August 17, 2023

Last sale price $1,600,000 $543 Per Sq Ft

6 Days on Market

About This Home

As of August 2023

The Saiz Group of Compass Commercial is pleased to offer for sale 1346 Calle Oriente. The value-add fourplex investment opportunity is situated on an approximate 0.21 acre lot and is comprised of an excellent unit mix featuring (2) two-bedroom/one-bath units and (2) one-bedroom/one-bath units. Sometimes described as the "Crossroads of Silicon Valley", Milpitas is centrally located within Silicon Valley and the greater Bay Area. Milpitas provides residents with an excellent quality of life featuring great schools, many well maintained local parks and an abundance of shopping centers and places to socialize. The property's excellent location places it in close proximity to 237, 680 and 880 freeways entrances, Milpitas BART and VTA Light Rail stations.

Last Agent to Sell the Property

Chris Saiz

Compass License #01850380 Listed on: 07/10/2023

Compass

Last Buyer's Agent

Chris Saiz

Compass License #01850380 Listed on: 07/10/2023

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 8,995 Sq Ft Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,944 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Parking

  • 2 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $114,000

Community Details

Overview

Building Details

  • 4 Leased Units
  • Other Expense $40,864
  • Operating Expense $40,864
  • Gross Income $111,744

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Listing Details

  • Zoning: R3S
  • Subclass: Fourplex
  • Age: 60
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2944
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 2944
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Milpitas Unified

Lot Info

  • Lot Acres: 0.2065
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8997.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8997.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 14.32
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expenses Other: 40864
  • Expenses Total: 40864
  • Income Annual Gross: 111744.00
  • Income Annual Rental: 114000
  • Income Gross Scheduled: 115200
  • Income Includes: Laundry, Rents
  • Income Other: 1200
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2023 08/17/23 Sold $1,600,000 -3.0% $543 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
07/10/2023 07/10/23 For Sale $1,650,000 -- $560 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Chris Saiz

    Compass

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Map

Source: MLSListings

MLS Number: ML81934490

MLSListings

APN: 029-05-018

California Santa Clara County Milpitas 95035

1346 Calle Oriente, Milpitas, CA

This home is located at 1346 Calle Oriente, Milpitas, CA 95035 since 10 July 2023. This property was built in 1963. 1346 Calle Oriente is a home located in Santa Clara County with nearby schools including William Burnett Elementary School, Thomas Russell Middle School, and Milpitas High School.

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