603 Penitencia Street, MILPITAS, CA 95035

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603 Penitencia Street, MILPITAS, CA 95035

(Active Under Contract)

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Listed by: Inary Zou - Keller Williams Thrive

Active Under Contract

est.$1,699,999/month.

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beds. baths. 1,860 Sqft.

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Mortgage Broker

Ray Avanzino
Polaris Capital Partners
Ray@polariscappartners.com
(650) 576-6531
NMLS# 288504
Company NMLS# 01391664

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or Call Now: (650) 576-6531

603 Penitencia Street, MILPITAS, CA 95035

$1,699,999

Active Under Contract

est.$1,699,999/month.

Start My Approval

beds baths 1,860 Sq.ft.

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Property details for 603 Penitencia Street, MILPITAS, CA 95035

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.

Broker details: Keller Williams Thrive

Listed by: Inary Zou

Property Description

MLS Information

Listing: ML82039573
Listing Last Modified: 2026-03-29

Property Details

Standard Status: Active Under Contract
MLS Status: Contingent
Built in: 1961

Geographic Data

County: Santa Clara

Features

Interior Features

Living area: 1860

Exterior Features

Roof type: Composition
Pool: None
Foundation: Concrete Perimeter

Parking

Garage spaces: 2

Utilities

Sewer: Public Sewer
Water: Public
Heating: Central, Forced Air, Natural Gas

Property Information

Tax Information

Tax Annual Amount: $16,846

Rossetti Realty Inc.

603 Penitencia Street, MILPITAS, CA 95035