NOT LISTED FOR SALE
4 Beds
5 Baths
2,218 Sq Ft
3,311 Sq Ft Lot

Last Sold May 19, 2023

Last sale price $1,800,000 $812 Per Sq Ft

83 Days on Market

About This Home

As of May 2023

Turn key investment property with 4 units that are Professionally managed and under the City rental program. The current layout is 3 residential units and 1 Commercial unit. Full investigation needed but one could use SB 6 to convert the entire 1st floor into a 3bdrm unit to increase gross monthly income to over $10k. Owner renovated in 2020 with all new copper for the hot water heating system. Each unit has new appliances ,countertop and blacksplashes, new fixtures and flooring. There are some new windows, 2 new water heaters, new electrical panel . Perfect investment for that parent with a UCSC student -house your child while covering the rent/mortgage.

Last Agent to Sell the Property

Sean Sullivan

Authentic Real Estate License #01941525 Listed on: 02/13/2023

Last Buyer's Agent

Sean Sullivan

Authentic Real Estate License #01941525 Listed on: 02/13/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • 1850

Lot Details

  • 3,311 Sq Ft Lot

Home Design

  • Quadruplex
  • Brick Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Rolled or Hot Mop Roof

Interior Spaces

  • 2,218 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Laminate

Parking

  • 4 Parking Spaces
  • On-Street Parking

Listing and Financial Details

  • Total Actual Rent $107,400

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $900
  • Insurance Expense $880
  • Maintenance Expense $600
  • Manager Expense $4,000
  • Utility Expense $3,600
  • Trash Expense $1,200
  • Operating Expense $20,030
  • Gross Income $104,178

Property Details

Home Type

Multi-Family

Year Built

1850

Lot Details

0

Listing Details

  • Zoning: Commercial Community
  • Subclass: Fourplex
  • Age: 173
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2218
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1850

Interior Features

  • Living Sq Ft: 2218
  • Stories: 2
  • Flooring: Hardwood, Laminate

Exterior Features

  • Foundation: Brick / Mortar Perimeter, Combination, Concrete Block
  • Roof: Rolled Composition
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: On Street

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Santa Cruz City Elementary
  • Elementary School: Westlake Elementary
  • Middle School: Mission Hill
  • Elementary School: 847
  • Middle School: 37458

Lot Info

  • Lot Acres: 0.0760
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3310.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3310.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Oral, Lease Agreement - Written, Month To Month
  • Gross Rent Multiplier: 16.75
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 880
  • Expense Landscape: 900
  • Expense Maintenance: 600
  • Expense Management: 4000
  • Expenses Total: 20030
  • Expenses Utility: 3600
  • Expense Trash: 1200
  • Income Annual Gross: 104178.00
  • Income Annual Rental: 107400
  • Income Gross Scheduled: 107400
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Services - Sewer, Utilities
  • Tenant Expenses: Rent Only
  • Vacancy Factor: 3

Range of Values:

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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
05/19/2023 05/19/23 Sold $1,800,000 +0.1% $812 / Sq Ft
05/08/2023 05/08/23 Pending -- -- --
02/13/2023 02/13/23 For Sale $1,799,000 +187.8% $811 / Sq Ft
03/23/2012 03/23/12 Sold $625,000 -3.8% $282 / Sq Ft
02/23/2012 02/23/12 Pending -- -- --
01/30/2012 01/30/12 For Sale $650,000 -- $293 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81918751

MLSListings

APN: 005-146-01