NOT LISTED FOR SALE

1830 48th Ave Capitola, CA 95010

8 Beds
3 Baths
3,109 Sq Ft
3,920 Sq Ft Lot

Last Sold December 02, 2021

Last sale price $1,990,000 $640 Per Sq Ft

9 Days on Market

Highlights

  • Double Pane Windows
  • Tile Countertops
  • Coin Laundry
  • Mission Hill Middle School Rated A-
  • Laundry Room
  • Courtyard

About This Home

As of December 2021

Four units in a convenient Capitola location, where you can walk or bike to Capitola Village, Beach, Groceries, Restaurants, Shops and Theater. All units 2 Bedroom and 1 Bath with good rental history and currently occupied. Has a quiet back yard area with patio, barbecues, and outdoor seating. A coin operated laundry with income. Off street and carport parking, 2 cars per unit tandem with storage lockers above. Upside on rents. This is a great Capitola investment property.

Last Agent to Sell the Property

Scott Joly

Thunderbird Real Estate License #01962614 Listed on: 10/22/2021

Co-Listed By

Roger Berke

Thunderbird Real Estate License #00812949

Last Buyer's Agent

Holly Ma

David Lyng Real Estate License #01259297

David Lyng Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 3,920 Sq Ft Lot
  • Grass Covered Lot
  • Back Yard

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,109 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Security Lights
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Barbecue Area

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $100,100

Community Details

Overview

Amenities

  • Courtyard
  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,020
  • Insurance Expense $2,548
  • Maintenance Expense $2,000
  • Other Expense $600
  • Utility Expense $4,018
  • Trash Expense $1,116
  • Operating Expense $22,587
  • Gross Income $100,900

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Zoning: R-1
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3109
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Tile, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven - Electric, Refrigerator
  • Living Sq Ft: 3109
  • Stories: 2
  • Security: Security Lights
  • Laundry: Coin Operated
  • Flooring: Carpet, Vinyl / Linoleum
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter, Post And Pier
  • Roof: Flat / Low Pitch
  • Yard/Grounds: Back Yard, Bbq Area, Courtyard, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Carport, Covered Parking, Off-Street Parking, Uncovered Parking
  • Carport Min: 4

Utilities

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

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

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 19.33
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2548
  • Expense Landscape: 1020
  • Expense Maintenance: 2000
  • Expenses Other: 600
  • Expenses Total: 22587
  • Expenses Utility: 4018
  • Expense Trash: 1116
  • Income Annual Gross: 100900.00
  • Income Annual Rental: 100100
  • Income Gross Scheduled: 100900
  • Income Includes: Coin Operated Equip
  • Income Other: 800
  • Meters: Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Exterminator, Maintenance - Laundry, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
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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
12/02/2021 12/02/21 Sold $1,990,000 +2.1% $640 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
10/22/2021 10/22/21 For Sale $1,950,000 -- $627 / Sq Ft
Source: MLSListings

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Scott Joly

    Thunderbird Real Estate

    Section Image

  • R

    Seller Co-Listing Agent in 2021

    Roger Berke

    Thunderbird Real Estate

    Section Image
  • Holly Ma

    Buyer's Agent in 2021

    Holly Ma

    David Lyng Real Estate

    (831) 345-4278

    5 in this area

    35 Total Sales

    Holly Ma
    Section Image

  • S

    Buyer Co-Listing Agent in 2021

    Susan Roesch

    David Lyng Real Estate

    (831) 429-5700

    5 in this area

    33 Total Sales

    Susan Roesch
    Section Image
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Map

Source: MLSListings

MLS Number: ML81867822

MLSListings
California Santa Cruz County Capitola 95010

1830 48th Ave, Capitola, CA

Not Listed for Sale

MultiFamily

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