118 Beulah Ct Santa Cruz, CA 95060
Estimated payment $7,456/month
Total Views
9,779
3
Beds
3
Baths
1,500
Sq Ft
$800
Price per Sq Ft
About This Home
New Tax Code = New Opportunity! With enhanced bonus depreciation rules just released, this fully rented triplex offers smart investors a chance to improve cash flow from day one. Pair steady rents and low expenses with long-term appreciation in a prime Santa Cruz location. Ask about the seller credit to buy down your rate and boost returns even further. A rare chance to combine location, leverage, and tax strategy into a winning investment. This well-maintained triplex features three 1-bedroom, 1-bathroom units with long-term tenants and a strong rental history. Upgrades include flooring, modern appliances, and an engineered septic system, making this a clean, low-maintenance investment. Each unit is separately metered for PG&E, and there is ample parking and private outdoor space for tenants. The property is located in a commuter-friendly area with strong rental demand and zero vacancy history. Triplexes in Santa Cruz with this level of care, condition, and long-term stability are rare. Build your portfolio and grow your wealth in one of Californias most desirable coastal markets. Please do not disturb tenants. Inspections Available.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,634
Year Built
- 1963
Lot Details
- 0.27 Acre Lot
Home Design
- Triplex
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,500 Sq Ft Home
- 1-Story Property
- Laminate Flooring
Parking
- 6 Parking Spaces
- Covered Parking
Utilities
- Wall Furnace
- Propane
- Engineered Septic
Listing and Financial Details
Community Details
Overview
Building Details
- 3 Leased Units
- Gardener Expense $550
- Insurance Expense $1,270
- Maintenance Expense $800
- Utility Expense $1,250
- Trash Expense $850
- Operating Expense $13,790
- Gross Income $69,120
Map
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Home Values in the Area
Average Home Value in this Area
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 | $10,634 | $911,061 | $638,323 | $272,738 |
| 2023 | $10,415 | $875,683 | $613,536 | $262,147 |
| 2022 | $10,255 | $858,512 | $601,505 | $257,007 |
| 2021 | $9,962 | $841,679 | $589,711 | $251,968 |
| 2020 | $9,888 | $833,049 | $583,665 | $249,384 |
| 2019 | $9,750 | $816,714 | $572,220 | $244,494 |
| 2018 | $9,094 | $800,700 | $561,000 | $239,700 |
| 2017 | $4,036 | $331,100 | $193,968 | $137,132 |
| 2016 | $3,895 | $324,608 | $190,164 | $134,444 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/21/2025 06/21/25 | For Sale | $1,200,000 | -- | $800 / Sq Ft |
Source: MLSListings
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $785,000 | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $584,000 | New Conventional | |
| Closed | $588,750 | New Conventional |
Source: Public Records
Similar Homes in Santa Cruz, CA
Source: MLSListings
MLS Number: ML82011974
APN: 067-233-41-000
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