603 Penitencia Street, Milpitas, CA 95035

Property 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.