NOT LISTED FOR SALE

1346 Calle Oriente Milpitas, CA 95035

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

Sale Details

Date 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

8,995 Sq Ft Lot

Listing Details

  • Zoning: R3S
  • Subclass: Fourplex
  • 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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2023
Closed on
Aug 7, 2023
Sold by
Bought by
Seller's Agent
Chris Saiz
Compass
Buyer's Agent
Chris Saiz
Compass
List Price
$1,650,000
Sold Price
$1,600,000
Premium/Discount to List
-$50,000
-3.03%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
0.0681%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,937
Interest Rate
0.0662%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Dec 14, 1999
Sold by
Bought by

Purchase Details

Closed on
Nov 30, 1999
Sold by
Bought by

Purchase Details

Closed on
Apr 20, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,600,000 Wfg National Title
$785,000 Alliance Title Company
-- --
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,005,000
Closed $1,200,000
Previous Owner $735,937
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,592 $1,632,000 $1,224,000 $408,000
2024 $18,592 $1,600,000 $1,200,000 $400,000
2023 $13,260 $1,114,634 $354,976 $759,658
2022 $13,205 $1,092,779 $348,016 $744,763
2021 $13,014 $1,071,353 $341,193 $730,160
2020 $12,788 $1,060,369 $337,695 $722,674
2019 $12,642 $1,039,578 $331,074 $708,504
2018 $12,003 $1,019,195 $324,583 $694,612
2017 $11,849 $999,212 $318,219 $680,993
2016 $11,374 $979,621 $311,980 $667,641
2015 $11,260 $964,907 $307,294 $657,613
2014 $10,968 $946,007 $301,275 $644,732
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81934490

MLSListings

APN: 029-05-018

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