346 Dempsey Rd

Beds
Baths
2,992 Sq. Ft.
$568 / Sq. Ft.
2,992
Sq. Ft.
$568
per Sq. Ft.

Description

346 Dempsey Road presents buyers with an outstanding opportunity to acquire a fourplex investment property. Situated on an approximate 0.1923 acre lot, the offering features an excellent unit mix featuring (4) two-bedroom/one-bath units, each offers an approximate 748 square-feet of living space. This property can also be purchased along with three more fourplexes on separate but contiguous parcels located at 310, 322 and 346 Dempsey Road. Sometimes described as the "Crossroads of Silicon Valley",...346 Dempsey Road presents buyers with an outstanding opportunity to acquire a fourplex investment property. Situated on an approximate 0.1923 acre lot, the offering features an excellent unit mix featuring (4) two-bedroom/one-bath units, each offers an approximate 748 square-feet of living space. This property can also be purchased along with three more fourplexes on separate but contiguous parcels located at 310, 322 and 346 Dempsey Road. Sometimes described as the "Crossroads of Silicon Valley", Milpitas is centrally located within Silicon Valley and the greater Bay Area. Milpitas provides residents with an excellent quality of life featuring great schools, many well maintained local parks and an abundance of shopping centers and places to socialize. The property's excellent location places it in close proximity to 237, 680 and 880 freeways entrances, Milpitas BART and VTA Light Rail stations.

Listing Agent

  1. Chris Saiz

    Chris Saiz

    Listing Agent

    Compass

    DRE #01850380

    chris.saiz@compass.com

    P: (408)-887-8106

Property Details for 346 Dempsey Road

MLS City Name
MILPITAS
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 09/07/2023 04:23 PM

Property Details for 346 Dempsey Road

StatusSold
MLS #ML81938498
Days on Compass1
Taxes$19,733 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1963
Lot Size0.19 AC / 8,375 SF
CountySanta Clara County
Buyer's Agent Compensation2%

Location

Listing Courtesy of Compass, Chris Saiz, DRE #01850380

Sold By Compass, Valerie Smith, DRE #01808822

Add your commute

Building Information for 346 Dempsey Road

Stories2Residences4Year Built1963Building Size-Lot Size0.19 AC / 8,375 SF

Payment Calculator

$9,930 per month

30 year fixed, 6.15% Interest

Principal and Interest

$8,286

Property Taxes

$1,644

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 346 Dempsey Road

Features
Features
  • Fireplace: No
  • Living SqFt: 2992
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 4
Garage
  • Garage and Parking: Carport, Covered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Milpitas
  • Roof: Shingle
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 346
  • Street Name: Dempsey
  • Street Suffix: Road
  • Area ID: 6
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 2992
  • Structure SqFt Source: Assessor
  • Age: 60
Development Information
  • Zoning Detail: R3S
Location Information
  • Parcel Number: 088-03-067
  • County Name: Santa Clara
  • City Name: MILPITAS
  • City Postal ID: 35
  • Postal Code: 95035
  • Elementary School District: 479
  • High School District Text: Milpitas Unified
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .19
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
General Information
  • Annual Tax Amount: $19,733
  • Building Unit Total: 4
  • Capitalization Rate: 4.80
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $0
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $22,749
  • Expenses Utility: $0
  • Expenses Total: $42,482
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 13.16
  • Income Annual Gross: $121,638
  • Income Annual Rental: $124,200
  • Income Gross Scheduled: $125,400
  • Income Other: $1,200
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
Unit 2 Information
  • Unit 2 Approx Square Footage: 748
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
Unit 3 Information
  • Unit 3 Approx Square Footage: 748
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
Unit 4 Information
  • Unit 4 Approx Square Footage: 748
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
Unit Type 1
  • Unit Type1 Approx SqFt: 748

Property History for 346 Dempsey Road

DateEvent & SourcePriceAppreciation
Sep 7, 2023

Sold

MLSListings #ML81938498

$1,700,000
Sep 7, 2023

Sold

EBRD #ML81938498

$1,700,000
Sep 5, 2023

Sold (Public Record)

Public Record #1517894056

$1,700,000
Aug 15, 2023

Pending

EBRD #ML81938498

Aug 15, 2023

Pending

MLSListings #ML81938498

Aug 15, 2023

Listed (Active)

EBRD #ML81938498

$1,650,000
Aug 15, 2023

Listed (Active)

MLSListings #ML81938498

$1,650,000
Aug 11, 2023

Temporarily Off Market

MLSListings #ML81935784

$1,650,000
Aug 10, 2023

Pending

MLSListings #ML81935784

Jul 21, 2023

Temporarily Off Market

EBRD #ML81935784

Jul 21, 2023

Listed (Active)

EBRD #ML81935784

$1,650,000
Jul 21, 2023

Listed (Active)

MLSListings #ML81935784

$1,650,000
DateEvent & SourcePrice
09/07/2023

Sold

MLSListings #ML81938498

$1,700,000
09/07/2023

Sold

EBRD #ML81938498

$1,700,000
09/05/2023

Sold (Public Record)

Public Record #1517894056

$1,700,000
08/15/2023

Pending

EBRD #ML81938498

08/15/2023

Pending

MLSListings #ML81938498

08/15/2023

Listed (Active)

EBRD #ML81938498

$1,650,000
08/15/2023

Listed (Active)

MLSListings #ML81938498

$1,650,000
08/11/2023

Temporarily Off Market

MLSListings #ML81935784

$1,650,000
08/10/2023

Pending

MLSListings #ML81935784

07/21/2023

Temporarily Off Market

EBRD #ML81935784

07/21/2023

Listed (Active)

EBRD #ML81935784

$1,650,000
07/21/2023

Listed (Active)

MLSListings #ML81935784

$1,650,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 346 Dempsey Road

Taxable ValueLand$1,275,000Additions$459,000Total$1,734,000
Tax Record2025$20,207 ($1,684 / month)
Home Facts
Total Finished SqFt2,992 SqFtAbove Grade Finished SqFt2,992 SqFtStories2Lot Size8,690 SqFtStyleQuadraplexYear Built1963ZoningR3SCountySANTA CLARAAPN088-03-067Fireplace TypeHas Fireplace

Schools near 346 Dempsey Road

This home is within Milpitas Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Alexander Rose Elementary School
PublicK to 6

Robert Randall Elementary School
PublicK to 6

Rancho Milpitas Middle School
Public7 to 8

Milpitas High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Chris Saiz, DRE #01850380

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.