7+ CAP Investment Opportunity! CAP rate above 7 is uncommon for multi-unit properties in Santa Cruz. Fully leased five-unit income property in prime Santa Cruz location. Property consists of a 2-bedroom main home, two detached studios (including a Jr. ADU), and two detached 2-bedroom/1-bath ADUs. All units are currently occupied,… Read More providing stable in-place rental income. Conveniently located near Highway 1, Santa Cruz Beach Boardwalk, UCSC, downtown Santa Cruz, and restaurants. Great opportunity for investors seeking a multi-unit investment property in an ideal location. Read Less
Courtesy of Raeid Farhat Real Estate Inc, Shawki Farhat 831-228-9559
Listing Snapshot
Days Online
1
Last Updated
Property Type
Five Or More Units
Square Ft.
2,685
Lot Size
0.14 Acres
Year Built
1980
MLS Number
ML82036301
30 Days Snapshot Of 95060
$1.51M
+48%
(avg) sold price
16
+77%
homes sold
56
-1%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 6186.00, Max Area Units: Square Feet, Lot is 0.14201101928375 acres
Accessibility Features
None
Unit One
715 approximate square feet, 2 bedrooms
Unit Two
318 approximate square feet, bedroom 1
Unit Three
272 approximate square feet, bedroom 1
Unit Four
700 approximate square feet, 2 bedrooms
Building
2,685 structure square feet, Age: 46, Built in 1980, 3 buildings, 5 minimum units in complex
Cooling
None
Foundation
Post and Pier, Sealed Crawlspace
Garage
Assigned Spaces
Water Features
Individual Water Meter, Public
Heating
Electric
Tenant Pays
All Expenses
Miscellaneous
Total expenses: 30000
Parking
-5 parking spaces
Property
Zoning: N/A
Roof
Aluminum Over Tar, Composition
Security Features
None
Taxes
Annual tax amount: $25,000
Sewer
Cesspool, Sewer - Public
Utilities
Separate Electric, Separate Gas, Public Utilities
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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