Seller's Agent in 2020
Greg Lukina
David Lyng Real Estate
(831) 600-5581
91 Total Sales
218 Leonard St Santa Cruz, CA 95060
Estimated Value: $2,044,000 - $2,532,000
8
Beds
4
Baths
3,360
Sq Ft
$693/Sq Ft
Est. Value
Highlights
- Laundry Room
- Storage Room
- Forced Air Heating System
- Mission Hill Middle School Rated A-
About This Home
As of January 2020Calling all investors! Do not miss this opportunity to own a well-maintained 4-plex in the heart of Santa Cruz. Three of the four units are currently rented, with the fourth unit occupied by a family member who will be relocating. All units are 2 bedrooms with 1 full bathroom and approximately 815sf. Each unit has its own separate gas furnace, gas water heater and dedicated carport parking space. Onsite coin laundry is leased . This property is conveniently located near Downtown Santa Cruz and the Seabright neighborhood, close to shopping, restaurants, the Boardwalk and nightlife. Sitting just off of Ocean Street it provides great access to Highway 17 and is a short drive to the campus of UCSC. If you are looking for an investment with upside potential, then make sure to come take a look at 218 Leonard Street.
Last Agent to Sell the Property
David Lyng Real Estate License #01949291 Listed on: 12/03/2019
Last Buyer's Agent
David Keller
Keller Real Estate License #01273630
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,625
Year Built
- 1962
Lot Details
- 5,968 Sq Ft Lot
Home Design
- Quadruplex
- Slab Foundation
Interior Spaces
- 3,360 Sq Ft Home
- 2-Story Property
- Storage Room
- Laundry Room
Parking
- 4 Carport Spaces
- Assigned Parking
Utilities
- Forced Air Heating System
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $105,120
Community Details
Overview
Building Details
- 3 Leased Units
- Insurance Expense $1,650
- Maintenance Expense $2,191
- Other Expense $239
- Utility Expense $7,391
- Operating Expense $29,759
- Gross Income $100,624
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 3, 2019
Closed on
Jan 14, 2020
Sold by
Yarr Joyce
Bought by
Keller Barbara C and 2002 Keller Family Trust
Seller's Agent
Greg Lukina
David Lyng Real Estate
Buyer's Agent
David Keller
Keller Real Estate
List Price
$1,599,000
Sold Price
$1,625,000
Premium/Discount to List
$26,000
1.63%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$702,204
Avg. Annual Appreciation
6.46%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Keller Barbara C | $1,625,000 | Old Republic Title Company |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/23/2020 01/23/20 | Sold | $1,625,000 | +1.6% | $484 / Sq Ft |
| 12/09/2019 12/09/19 | Pending | -- | -- | -- |
| 12/03/2019 12/03/19 | For Sale | $1,599,000 | -- | $476 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $19,625 | $1,777,174 | $1,093,646 | $683,528 |
| 2023 | $19,385 | $1,708,164 | $1,051,178 | $656,986 |
| 2022 | $19,166 | $1,674,672 | $1,030,568 | $644,104 |
| 2021 | $18,764 | $1,641,836 | $1,010,360 | $631,476 |
| 2020 | $5,407 | $429,383 | $156,138 | $273,245 |
| 2019 | $5,289 | $420,965 | $153,077 | $267,888 |
| 2018 | $5,234 | $412,710 | $150,075 | $262,635 |
| 2017 | $5,172 | $404,619 | $147,133 | $257,486 |
| 2016 | $4,909 | $396,685 | $144,248 | $252,437 |
| 2015 | $4,599 | $390,726 | $142,081 | $248,645 |
| 2014 | $4,525 | $383,072 | $139,298 | $243,774 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Lukina
-
D
Buyer's Agent in 2020
David Keller
Keller Real Estate
-
K
Buyer's Agent in 2020
Kelly Turpin
Opendoor Brokerage Inc
Map
Source: MLSListings
MLS Number: ML81776412
APN: 005-272-14-000
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