Top-Rated Public Schools: Residents at 555 Apartments benefit from access to top-rated public schools in the well-regarded Milpitas Unified School District. The property's assigned schools include Milpitas High School (9/10 GreatSchools Rating) and Rancho Milpitas Middle School (8/10 GreatSchools Rating), both of which have been recognized as California Distinguished Schools.
Robust Local Economy: Milpitas' strategic Silicon Valley location offers convenient access to top employers such as Cisco, Western Digital, KLA-Tencor, Nanometrics Inc., FireEye, Samsung Semiconductors, Lumentum, Oracle, PayPal, ServiceNow, and eBay. 555 Apartments is just minutes from the Golden Triangle, Silicon Valley's largest employment
center with over 1,400 technology companies.
Value-Add Opportunity: While current ownership has invested more than $2.4M in largely infrastructural capital improvements over the past three years, a future owner has the ability to implement additional interior and exterior enhancements to drive rental income. No systematic interior cosmetic renovation program has been implemented at the property in over a decade.
Favorable Physical Plant: 555 Apartments features an attractive low-density setting of just 20.1 units per acre. The community offers four distinctive, well-appointed one-, two- and three-bedroom floor plans, including townhomes, with an overall weighted average unit size of 816 square feet. Approximately 37 percent of the homes feature vaulted ceilings.