NOT LISTED FOR SALE

151 Stephen Rd Aptos, CA 95003

Rio del Mar Neighborhood
8 Beds
4 Baths
3,058 Sq Ft
3,615 Sq Ft Lot

Last Sold December 26, 2017

Last sale price $1,649,000 $539 Per Sq Ft

10 Days on Market

Highlights

  • Tile Countertops
  • Storage Room
  • Coin Laundry
  • Aptos High School Rated A-
  • Tile Flooring
  • 4-minute walk to Rio del Mar State Beach

About This Home

As of December 2017

Great Investment Opportunity! Desirable 4plex w/ all units 2 bedroom / 1 bathroom floor plans. Low maintenance building including individually metered units. Ground floor units have large private patios; Upstairs units have additional outdoor space w/ both front balconies & oversized private rear balconies. Upgrades include new roof, remodeled laundry room w/ new instant hot water heater; (2) units have been completely remodeled w/ new kitchens including new cabinets w/ quartz counters; new flooring; tiled showers & updated vanities in bathrooms. Great Location Just 2 blocks to the Beach!

Last Agent to Sell the Property

Nikki Langendorf

Silicon Valley Res. Realty License #01728448 Listed on: 09/26/2017

Silicon Valley Res. Realty

Co-Listed By

Joey Tsutsui

Silicon Valley Res. Realty License #01434080

Last Buyer's Agent

Mary Driedger

Assoc Capital Consultants, Inc. License #00527876

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 3,615 Sq Ft Lot

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,058 Sq Ft Home
  • Storage Room

Kitchen

  • Oven or Range
  • Range Hood
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $93,900

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $2,000
  • Insurance Expense $3,000
  • Maintenance Expense $3,800
  • Utility Expense $575
  • Trash Expense $250
  • Operating Expense $23,010
  • Gross Income $91,665

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Listing Details

  • Zoning: R4
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3058
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Countertop - Stone, Countertop - Tile, Dishwasher, Exhaust Fan, Hood Over Range, Oven Range, Refrigerator
  • Living Sq Ft: 3058
  • Laundry: Coin Operated
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Covered Parking
  • Carport Min: 4

Utilities

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

Lot Info

  • Lot Acres: 0.0830
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3615.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3615.00

Rental Info

  • Existing Lease Term(s): Lease(s), Month To Month
  • Gross Rent Multiplier: 17.98
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 3000
  • Expense Landscape: 2000
  • Expense Maintenance: 3800
  • Expenses Total: 23010
  • Expenses Utility: 575
  • Expense Trash: 250
  • Income Annual Gross: 91665.00
  • Income Annual Rental: 93900
  • Income Gross Scheduled: 94500
  • Income Includes: Laundry, Rents
  • Income Other: 600
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Maintenance - Laundry, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
12/26/2017 12/26/17 Sold $1,649,000 -2.9% $539 / Sq Ft
10/07/2017 10/07/17 Pending -- -- --
09/26/2017 09/26/17 For Sale $1,699,000 -- $556 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2017

    Nikki Langendorf

    Silicon Valley Res. Realty

    Section Image
  • Joey Tsutsui

    Seller Co-Listing Agent in 2017

    Joey Tsutsui

    Silicon Valley Res. Realty

    (408) 838-8293

    22 Total Sales

    Joey Tsutsui
    Section Image

  • M

    Buyer's Agent in 2017

    Mary Driedger

    Assoc Capital Consultants, Inc.

    Section Image
  • Michael Henshaw

    Buyer Co-Listing Agent in 2017

    Michael Henshaw

    Marcus & Millichap

    (650) 391-1770

    12 Total Sales

    Michael Henshaw
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81679423

MLSListings
California Santa Cruz County Aptos 95003 Rio del Mar

151 Stephen Rd, Aptos, CA

Not Listed for Sale

MultiFamily

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