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

0

Listing Details

  • Zoning: R-1
  • Subclass: Fourplex
  • Age: 57
  • 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

Schools

  • School District: Santa Cruz City High

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

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

Property History

Date Event Price Change Sq Ft Price
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

Tax History Compared to Growth

Source: Public Records

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

    6 in this area

    38 Total Sales

    Section Image

  • S

    Buyer Co-Listing Agent in 2021

    Susan Roesch

    David Lyng Real Estate

    (831) 429-5700

    6 in this area

    35 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81867822

MLSListings

California Santa Cruz County Capitola 95010

1830 48th Ave, Capitola, CA

This home is located at 1830 48th Ave, Capitola, CA 95010 since 22 October 2021. This property was built in 1964. 1830 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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