NOT LISTED FOR SALE

111 Weeks Ave Santa Cruz, CA 95060

California Street-Mission Hill Neighborhood

Estimated Value: $994,000 - $1,398,953

2 Beds
2 Baths
1,152 Sq Ft
$1,010/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $965,250 $838 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,309/month

7 Days on Market

Highlights

  • Tile Countertops
  • Washer and Dryer
  • Carpet
  • Westlake Elementary School Rated A-

About This Home

As of March 2024

Charming Duplex in Santa Cruz! Welcome to your opportunity to own a piece of Santa Cruz paradise! This charming duplex, nestled in the heart of Santa Cruz, offers the perfect blend of comfort, convenience, and coastal living. Prime location near downtown, UCSC, and just moments away from shops, restaurants, parks, and the stunning Santa Cruz coastline. This duplex features two identical 1 bedroom, 1 bathroom units, perfect for multi-generational living, rental income, or investment opportunities. Each unit has a spacious living area, kitchen, cozy bedroom, and bathroom. Enjoy the California sunshine in the shared outdoor space, ideal for relaxing or entertaining guests. With Santa Cruzs thriving rental market, this duplex presents an excellent opportunity for investors seeking rental income or homeowners looking to offset their mortgage payments. Close proximity to downtown attractions, including the Santa Cruz Beach Boardwalk, Pacific Avenue shops, and vibrant nightlife. Opportunities like this are rare!

Last Agent to Sell the Property

Anderson Christie

Anderson Christie, Inc. License #01894395 Listed on: 03/01/2024

Co-Listed By

David Anderson

Anderson Christie, Inc. License #01819137

Last Buyer's Agent

Ranju Phelan

Compass License #01447953

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1940

Lot Details

  • 5,227

Home Design

  • 1,152 Sq Ft Home
  • Duplex
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Kitchen

  • Gas Cooktop
  • Tile Countertops

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • On-Street Parking

Additional Features

  • Washer and Dryer
  • 5,227 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $36,820

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,960
  • Insurance Expense $1,319
  • Utility Expense $3,075
  • Operating Expense $15,729
  • Gross Income $36,820

Property Details

Home Type

Multi-Family

Year Built

1940

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Zoning: Multi-Residential
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1152
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Tile
  • Living Sq Ft: 1152
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Raised
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: On Street

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1200
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5227.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5227.00

Rental Info

  • Gross Rent Multiplier: 20.37
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1319
  • Expense Landscape: 1960
  • Expenses Total: 15729
  • Expenses Utility: 3075
  • Income Annual Gross: 36820.00
  • Income Annual Rental: 36820
  • Income Gross Scheduled: 36820
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2024
Closed on
Mar 11, 2024
Sold by
Ernest D Faitos 2016 Revocable Trust
Bought by
Pariar Family Revocable Trust and Phelan
Seller's Agent
Marvin Christie
Anderson Christie, Inc.
Buyer's Agent
Ranju Phelan
Compass
List Price
$750,000
Sold Price
$965,250
Premium/Discount to List
$215,250
28.7%
Views
78
Current Estimated Value
$1,163,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,238
Avg. Annual Appreciation
9.69%

Purchase Details

Closed on
Jan 23, 2019
Sold by
Faitos Ernest Donald
Bought by
Faitos Ernest Donald and Ernest D Faitos 2016 Revocable

Purchase Details

Closed on
Jan 27, 2014
Sold by
Faitos Ernest Donald
Bought by
Faitos Ernest Donald
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pariar Family Revocable Trust $965,500 Stewart Title
Faitos Ernest Donald -- None Available
Faitos Ernest Donald -- First American Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2024 03/15/24 Sold $965,250 +28.7% $838 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
03/01/2024 03/01/24 For Sale $750,000 -- $651 / Sq Ft
Source: MLSListings

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,098 $984,555 $836,400 $148,155
2023 $1,091 $49,458 $24,129 $25,329
2022 $1,084 $48,488 $23,656 $24,832
2021 $1,072 $47,537 $23,192 $24,345
2020 $1,067 $47,050 $22,954 $24,096
2019 $1,038 $46,127 $22,504 $23,623
2018 $1,032 $45,223 $22,063 $23,160
2017 $1,025 $44,337 $21,631 $22,706
2016 $996 $43,468 $21,207 $22,261
Source: Public Records

Agents Affiliated with this Home

  • Marvin Christie

    Seller's Agent in 2024

    Marvin Christie

    Anderson Christie, Inc.

    (831) 400-1777

    2 in this area

    131 Total Sales

    Marvin Christie
    Section Image
  • David Anderson

    Seller Co-Listing Agent in 2024

    David Anderson

    Anderson Christie, Inc.

    (831) 345-1600

    2 in this area

    113 Total Sales

    David Anderson
    Section Image

  • R

    Buyer's Agent in 2024

    Ranju Phelan

    Compass

    Section Image
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Map

Source: MLSListings

MLS Number: ML81956092

MLSListings

APN: 006-494-10-000

California Santa Cruz County Santa Cruz 95060 California Street-Mission Hill

111 Weeks Ave, Santa Cruz, CA

Not Listed for Sale

MultiFamily

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