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1260 Glacier Dr - 1260 Glacier Drive 8 Unit Apartment Building Offered at $1,748,000 at a 4.32% Cap Rate Milpitas, CA 95035
Investment Highlights
- Fully occupied
- Major grocery stores and restaurants nearby
- Close to major thoroughfares for easy commuting including 680, 237, 880
Executive Summary
If you're looking for an investment property with $8,000+ per month rents in a sought after neighborhood, look no further. This shared residence accommodates 8 renters under contract, each occupying their own bedroom, with shared kitchen and laundry. Internet currently provided. Two primary bedrooms with ensuite bath, and the two additional full bathrooms are shared by the other tenants. Close to major thoroughfares for easy commuting including 680, 237, 880. Major grocery stores and restaurants nearby. Neighborhood parks within short walking distance. Minutes to Ed Levin County Park and Spring Valley Golf Course. Seize this investment opportunity before it's gone.
No sign. No lockbox. Do not disturb tenants. Submit offer "Subject to Inspection." Showing/inspection available with bona fide offer. Note: Once offer "subject to inspection" is received, seller needs to give tenants 24 hour notice prior to showing. Disclosure link: https://app.disclosures.io/link/1260-Glacier-Drive-3jnrt3ti
No sign. No lockbox. Do not disturb tenants. Submit offer "Subject to Inspection." Showing/inspection available with bona fide offer. Note: Once offer "subject to inspection" is received, seller needs to give tenants 24 hour notice prior to showing. Disclosure link: https://app.disclosures.io/link/1260-Glacier-Drive-3jnrt3ti
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,748,000 | Property Type | Multifamily |
| Price Per Unit | $218,500 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Size | 1,870 SF |
| Cap Rate | 4.32% | Average Occupancy | 100% |
| Gross Rent Multiplier | 18.06 | No. Stories | 1 |
| No. Units | 8 | Year Built | 1970 |
| Zoning | R16 (Realist) | ||
| Price | $1,748,000 |
| Price Per Unit | $218,500 |
| Sale Type | Investment |
| Cap Rate | 4.32% |
| Gross Rent Multiplier | 18.06 |
| No. Units | 8 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Building Size | 1,870 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | R16 (Realist) |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 088-31-032 | Total Assessment | $675,054 |
| Land Assessment | $248,521 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $426,533 | Tax Year | 2025 |
Property Taxes
Parcel Number
088-31-032
Land Assessment
$248,521
Improvements Assessment
$426,533
Total Assessment
$675,054
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Presented by
Tera Real Estate
1260 Glacier Dr - 1260 Glacier Drive
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