1260 Glacier Drive, Milpitas, California 95035, Milpitas, 95035 - 0 bed, 0 bath
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Milpitas, California 95035
Analysis of 1260 Glacier Drive, Milpitas, California 95035 is currently available with a list price of $1,699,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Milpitas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1970 (54 years old), the property is functional and currently used as an 8-bedroom rental. While it features some updates like laminate flooring and solar panels, the interior shows dated elements such as popcorn ceilings and basic finishes. Given the age and the high-occupancy usage, it likely requires minor repairs and modernization to meet current market standards for a single-family residence.
The property generates a substantial monthly income of over $8,000 from eight contracted tenants, providing an immediate and robust cash flow for investors.
Conveniently located near major highways including 680, 237, and 880, the home offers excellent accessibility for tenants working throughout Silicon Valley.
Already operating as a shared residence with existing contracts and utilities provided, this property offers a ready-made business model for a seamless transition.
Housing eight individual renters in an 1,870 sqft space increases management complexity and potential wear and tear on shared facilities like the kitchen and laundry.
The property has been on the market for 57 days and required a $49,000 price improvement, suggesting initial overpricing or limited interest from traditional residential buyers.
$49,00 PRICE IMPROVEMENT! 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 exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1970 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 14, 2026
$1,699,000
$1,748,000
-3% Price Drop
Initial Listing
Mar 18, 2026
$1,748,000
Initial Listing
Oct 10, 2002
$429,000
Public Record