NOT LISTED FOR SALE

1720 48th Ave Capitola, CA 95010

2 Beds
1 Bath
3,072 Sq Ft
3,920 Sq Ft Lot

Last Sold March 03, 2022

Last sale price $2,012,500 $655 Per Sq Ft

1 Day on Market

About This Home

As of March 2022

Marcus and Millichap is honored to have been exclusively selected to represent the ownership of 1720 48th Ave, Capitola. Constructed in 1964, the subject property sits on a 3,920 square foot lot and offers 3,072 of net rentable square feet with a desirable unit mix of large two bedroom and one bath units. A new investor can come in and renovate the units for an easy profit. The property has been professionally managed over the years. It has a laundry room, covered carports and ample street parking. Situated in a quiet neighborhood, tenants can enjoy a short walk to the Capitola Mall, the Capitola Village or the Pleasure Point area with access to some of the most popular beaches in Santa Cruz County

Last Agent to Sell the Property

Fred Rubio

Marcus & Millichap License #01984041 Listed on: 12/03/2021

Co-Listed By

Mitchell Zurich

Marcus & Millichap License #01870648

Last Buyer's Agent

The C Group

Better Homes And Gardens Real Estate By The Sea License #70010221

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 3,920 Sq Ft Lot

Home Design

  • 3,072 Sq Ft Home
  • Quadruplex
  • Flat Roof Shape
  • Concrete Perimeter Foundation

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $100,200

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $720
  • Insurance Expense $1,500
  • Maintenance Expense $2,600
  • Other Expense $3,185
  • Utility Expense $2,157
  • Trash Expense $2,513
  • Operating Expense $32,034
  • Gross Income $97,291

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3072
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 3072

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Flat / Low Pitch

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Carport
  • Carport Min: 3

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.0900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3920.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3920.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 19.19
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1500
  • Expense Landscape: 720
  • Expense Maintenance: 2600
  • Expenses Other: 3185
  • Expenses Total: 32034
  • Expenses Utility: 2157
  • Expense Trash: 2513
  • Income Annual Gross: 97291.00
  • Income Annual Rental: 100200
  • Income Gross Scheduled: 100300
  • Income Includes: Laundry
  • Income Other: 100
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Utilities, Utilities - Hot Water, 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
03/03/2022 03/03/22 Sold $2,012,500 +4.5% $655 / Sq Ft
12/05/2021 12/05/21 Pending -- -- --
12/03/2021 12/03/21 For Sale $1,925,000 -- $627 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Fred Rubio

    Seller's Agent in 2022

    Fred Rubio

    Marcus & Millichap

    (408) 314-3009

    1 in this area

    38 Total Sales

    Fred Rubio
    Section Image
  • Mitchell Zurich

    Seller Co-Listing Agent in 2022

    Mitchell Zurich

    Marcus & Millichap

    (408) 888-9594

    1 in this area

    81 Total Sales

    Mitchell Zurich
    Section Image

  • T

    Buyer's Agent in 2022

    The C Group

    Better Homes And Gardens Real Estate By The Sea

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81871690

MLSListings
California Santa Cruz County Capitola 95010

1720 48th Ave, Capitola, CA

Not Listed for Sale

MultiFamily

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