$1,537,500
SOLD JUN 3, 2025
9 Beds
6 Baths
2,592 Sq Ft
0.42 Acres

Recently Sold

$593 Per Sq Ft

10% Below List Price

21 Days on Market

About This Home

As of June 2025

Opportunity Knocks in Santa Cruz! Welcome to this desirable located Triplex investment opportunity nestled in the heart of vibrant Santa Cruz. Whether you're looking to live in one unit and rent the others, or seeking a solid income-producing property, this is the one you have been waiting for. Each of the three units offers its own unique charm and functionality, with plenty of natural light, private outdoor spaces, and off-street parking. The property sits on a generously-sized lot and is conveniently located near beaches, downtown shops and restaurants, UCSC, and public transportation.With strong rental potential and room for value-add upgrades, this triplex is perfect for investors, multi-generational living, or anyone looking to tap into the Santa Cruz lifestyle while building equity. Don't miss out properties like this dont hit the market often. Opportunity is knocking... will you answer?

Last Agent to Sell the Property

Julie Stacey

KW Thrive Santa Cruz License #01893455 Listed on: 03/28/2025

KW Thrive Santa Cruz

Co-Listed By

Angela Kent

KW Thrive Santa Cruz License #02198184

Last Buyer's Agent

Libbey Blumberg

Halifax Solution Inc. License #01391384

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,607

Year Built

  • 1978

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 2,592 Sq Ft Home
  • Crawl Space
  • Washer and Dryer Hookup

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces
  • No Garage
  • Uncovered Parking
  • Unassigned Parking

Additional Features

  • 0.42 Acre Lot
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $82,800

Community Details

Overview

  • 2,592 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $3,407
  • Trash Expense $2,615
  • Operating Expense $16,361
  • Gross Income $82,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,607

Year Built

1978

Lot Details

0

Listing Details

  • Zoning: R-1-6
  • Subclass: Triplex
  • Age: 47
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2592
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1978

Interior Features

  • Living Sq Ft: 2592
  • Laundry: Hookups Only

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Carport, No Garage, Parking Area, Unassigned Spaces, Uncovered Parking
  • Carport Min: 3

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Santa Cruz City High

Lot Info

  • Lot Acres: 0.4200
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 18295.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 18295.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 20.53
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expense Insurance: 3407
  • Expense Landscape: 1200
  • Expenses Total: 16361
  • Expense Trash: 2615
  • Income Annual Gross: 82800.00
  • Income Annual Rental: 82800
  • Income Gross Scheduled: 82800
  • Income Includes: Rents
  • Meters: Separate Electric
  • Number Of Buildings: 3
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Exterminator, Maintenance - Repair, Miscellaneous/Other, Review With Offer, Services - Gardener
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2025
Closed on
Jun 2, 2025
Sold by
Stephens Rose
Bought by
Prim Robert
Seller's Agent
Julie Stacey
KW Thrive Santa Cruz
Buyer's Agent
Libbey Blumberg
Halifax Solution Inc.
List Price
$1,700,000
Sold Price
$1,537,500
Premium/Discount to List
-$162,500
-9.56%
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.86%
Original Mortgage
$1,509,651
Outstanding Balance
$1,507,085
Interest Rate
6.83%
Mortgage Type
FHA
Estimated Equity
$182,915

Purchase Details

Listed on
Mar 28, 2025
Closed on
May 20, 2025
Sold by
Barbara L Davis 2011 Trust and Davis Barbara L
Bought by
Blan William L and Blan La France
Seller's Agent
Julie Stacey
KW Thrive Santa Cruz
Buyer's Agent
Libbey Blumberg
Halifax Solution Inc.
List Price
$1,700,000
Sold Price
$1,537,500
Premium/Discount to List
-$162,500
-9.56%
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,509,651
Outstanding Balance
$1,507,085
Interest Rate
6.83%
Mortgage Type
FHA
Estimated Equity
$182,915

Purchase Details

Closed on
Apr 5, 2019
Sold by
Davis Barbara L
Bought by
The Barbara L Davis 2011 Trust

Purchase Details

Closed on
Nov 13, 2008
Sold by
Davis Barbara Lucy and Davis Joseph R
Bought by
Davis Barbara Lucy and Joseph R Davis 2007 Family Tru

Purchase Details

Closed on
Dec 11, 2007
Sold by
Davis Joseph R
Bought by
Davis Joseph R and Joseph R Davis Trust #Jrd-1

Purchase Details

Closed on
Oct 22, 2007
Sold by
Davis Getrude E
Bought by
Davis Joseph R

Purchase Details

Closed on
Sep 13, 2003
Sold by
Davis Joseph Richard and Joseph R Davis Trust #Jrd-1
Bought by
Trust Property #2

Purchase Details

Closed on
Jul 20, 1999
Sold by
Davis Gertrude E Uw
Bought by
Davis Gertrude E and The Gertrude E Davis Living Tr
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Old Republic Title Company
Grant Deed $1,537,500 Old Republic Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $82,500 None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,509,651 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2025 06/03/25 Sold $1,537,500 -9.6% $593 / Sq Ft
04/19/2025 04/19/25 Pending -- -- --
03/28/2025 03/28/25 For Sale $1,700,000 -- $656 / 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 $9,607 $556,293 $283,148 $273,145
2023 $9,139 $534,691 $272,153 $262,538
2022 $8,861 $524,207 $266,817 $257,390
2021 $8,491 $513,929 $261,585 $252,344
2020 $8,351 $508,659 $258,903 $249,756
2019 $8,170 $498,684 $253,826 $244,858
2018 $7,976 $488,908 $248,850 $240,058
2017 $7,808 $479,320 $243,968 $235,352
2016 $7,612 $469,922 $239,184 $230,738
2015 $7,337 $462,864 $235,592 $227,272
2014 $7,189 $453,798 $230,978 $222,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81999951

MLSListings

APN: 028-013-11-000