NOT LISTED FOR SALE

1770 48th Ave Capitola, CA 95010

Estimated Value: $1,591,000 - $3,228,000

8 Beds
4 Baths
3,072 Sq Ft
$684/Sq Ft Est. Value

Last Sold October 06, 2022

Last sale price $1,720,000 $560 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $12,951/month

16 Days on Market

About This Home

As of October 2022

Fantastic 4-Plex in Capitola By The Sea! This is a great multi-family investment opportunity in a prime beach neighborhood! Building has value add and upside rent potential with current rents at $96,840 per annum. Upgrade at your own pace. All units currently occupied with long-standing tenants. Each unit is 2BD, 1BA, approx. 768SqFt. Carport space for each unit with storage, coin-op laundry, large shared deck. EVERYTHING is within walking distance! Drop down into beautiful Capitola Village and Beaches or walk to 41st for all shopping, dining, etc. So many possibilities: make upstairs into one large living space and rent downstairs units to create your dream beach retreat? This established neighborhood is a quiet enclave in one of the most desirable areas of Santa Cruz County!

Last Agent to Sell the Property

Ashley Haut

Wellington Dev. & Invest. License #01823794 Listed on: 08/01/2022

Last Buyer's Agent

Robert Deacon

Monterey Bay Properties License #00578842

Monterey Bay Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,107

Year Built

  • 1964

Lot Details

  • 3,615

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Pillar, Post or Pier Foundation
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,072 Sq Ft Home
  • 2-Story Property

Additional Features

  • 3,615 Sq Ft Lot
  • Horses Potentially Allowed on Property
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $96,840
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $2,698
  • Maintenance Expense $4,825
  • Manager Expense $7,747
  • Other Expense $949
  • Utility Expense $4,480
  • Trash Expense $1,824
  • Operating Expense $35,307
  • Gross Income $98,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,107

Year Built

1964

Lot Details

0

Listing Details

  • Zoning: R
  • Subclass: Fourplex
  • Age: 58
  • 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
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter, Pillars / Posts / Piers
  • Roof: Flat / Low Pitch, Tar And Gravel
  • Horse Property: Possible

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

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

Schools

  • School District: Santa Cruz City High

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): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 18.17
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2698
  • Expense Landscape: 1200
  • Expense Maintenance: 4825
  • Expense Management: 7747
  • Expenses Other: 949
  • Expenses Total: 35307
  • Expenses Utility: 4480
  • Expense Trash: 1824
  • Income Annual Gross: 98780.00
  • Income Annual Rental: 96840
  • Income Gross Scheduled: 98780
  • Income Includes: Coin Operated Equip
  • Income Other: 1940
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Insurance, Maintenance, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2021
Sold by
Diane Schrepfer Lenorah
Bought by
Steve C Schrepfer And L Diane Schrepfer Livin and Schrepfer Diane L
Current Estimated Value
$2,023,483

Purchase Details

Closed on
May 11, 2021
Sold by
Diane Schrepfer Lenorah
Bought by
Steve C Schrepfer And L Diane Schrepfer Livin

Purchase Details

Closed on
Oct 29, 2019
Sold by
Schrepfer L Diane L and Schrepfer Steven C
Bought by
Schrepfer L Diane L and Schrepfer Steven C

Purchase Details

Closed on
Jul 20, 2011
Sold by
Schrepfer Susan R
Bought by
Schrepfer Steven C and Schrepfer Diane Schrepfer

Purchase Details

Closed on
May 2, 2011
Sold by
Smith Norman D and Norman D Smith Living Trust
Bought by
Schrepfer Steven C and Schrepfer Diane Schrepfer

Purchase Details

Closed on
Dec 9, 2009
Sold by
Schrepfer Steven Charles and Rita Margaret Schrepfer Exempt
Bought by
Schrepfer Steven C and Schrepfer Diane Schrepfer

Purchase Details

Closed on
Nov 16, 2009
Sold by
Schrepfer Steven C and Schrepfer Diane Schrepfer
Bought by
Schrepfer Steven C and Schrepfer Diane Schrepfer

Purchase Details

Closed on
May 23, 2005
Sold by
Smith Norman D
Bought by
Smith Norman D and The Norman D Smith Living Trus

Purchase Details

Closed on
May 24, 2001
Sold by
Schrepfer Robert Charles and Schrepfer Robert Charles
Bought by
Schrepfer Robert Charles and Rita Margaret Schrepfer Exempt

Purchase Details

Closed on
Nov 28, 2000
Sold by
Smith Janet L
Bought by
Smith Norman D
Source: Public Records

Range of Values:

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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
Steve C Schrepfer And L Diane Schrepfer Livin -- --
Steve C Schrepfer And L Diane Schrepfer Livin -- --
Schrepfer L Diane L -- None Available
Schrepfer Steven C $200,000 None Available
Schrepfer Steven C $50,000 Old Republic Title Company
Schrepfer Steven C -- None Available
Schrepfer Steven C -- None Available
Smith Norman D -- --
Schrepfer Robert Charles -- --
Smith Norman D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robert Thomas Deacon $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2022 10/06/22 Sold $1,720,000 -4.2% $560 / Sq Ft
08/18/2022 08/18/22 Pending -- -- --
08/01/2022 08/01/22 For Sale $1,795,000 -- $584 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $23,107 $1,789,488 $1,165,248 $624,240
2023 $23,399 $1,799,892 $1,123,632 $676,260
2022 $23,063 $1,764,600 $1,101,600 $663,000
2021 $11,584 $742,492 $421,837 $320,655
2020 $11,392 $734,878 $417,511 $317,367
2019 $11,124 $720,470 $409,325 $311,145
2018 $10,871 $706,343 $401,299 $305,044
2017 $10,682 $692,493 $393,430 $299,063
2016 $10,111 $678,915 $385,716 $293,199
2015 $9,704 $668,717 $379,922 $288,795
2014 $9,471 $655,618 $372,480 $283,138
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Ashley Haut

    Wellington Dev. & Invest.

    (831) 475-6200

    2 in this area

    10 Total Sales

    Section Image

  • R

    Buyer's Agent in 2022

    Robert Deacon

    Monterey Bay Properties

    Section Image
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Map

Source: MLSListings

MLS Number: ML81902332

MLSListings

APN: 034-023-23-000

California Santa Cruz County Capitola 95010

1770 48th Ave, Capitola, CA

This home is located at 1770 48th Ave, Capitola, CA 95010 since 01 August 2022 and is currently estimated at $2,099,829, approximately $683 per square foot. This property was built in 1964. 1770 48th Ave is a home located in Santa Cruz County with nearby schools including Soquel Elementary School, New Brighton Middle School, and Mission Hill Middle School.

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