603 Penitencia ST, MILPITAS, CA 95035

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Active Under Contract

$1,699,999

bedrooms

bathrooms

square feet

1,860

Acreage

Open Houses

year built

1961

Full Baths

Half Baths

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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.

Location
Subdivision	-
County	Santa Clara
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: ML82039573

Listing status: Active Under Contract

Listing agent: Inary Zou #02000309

Listing broker: KW MREMC Thrive, Inc. (408) 850-6900

Last update: Sunday, March 29 2026 at 6:17 p.m. EDT

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