1176 Edsel Drive

1176 Edsel Drive


Milpitas, CA 95035

$1,405,000 Marketing Sheet
Marcus and Millichap is proud to present 1176 Edsel Drive to the Bay Area’s investment community. This offering provides a unique opportunity to own a property located in one of the Bay Area’s fastest growing sub-markets. 1176 Edsel Drive is a charming four-unit apartment building located in Milpitas, California. Milpitas, is located in the Silicon Valley with San Jose to the south and Fremont to its north. Milpitas is one of four cities that make up the Golden Triangle, which includes major employers such as Cisco, Samsung, Brocade, Ericsson and eBay, to name a few.

Built in 1963, the property consists of 2,992 square-feet of livable space situated on a 7,560 square-foot lot. The subject property consists of all two-bedroom/one-bathroom units, an on-site laundry room, and covered car-port spaces for each unit. Two out of the four units have undergone interior renovations which include granite countertops, new cabinets, as well as new tile flooring in the kitchens and bathrooms.

Cap Rate: 4.54% NOI: $63,841 Livable Sq. Ft: 2,992

Built in 1963 4 units Lot Sq. Ft: 7,405

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