$1,750,000
OPEN WED 11:30AM - 1PM

24 Meadow Way Scotts Valley, CA 95066

Scotts Valley Area

Estimated payment $11,388/month

Total Views 468
8 Beds
8 Baths
3,872 Sq Ft
$452 Price per Sq Ft

Highlights

  • Balcony
  • Enclosed Patio or Porch
  • Secured Garage or Parking
  • Vine Hill Elementary School Rated A-
  • 3 Car Attached Garage
  • Tile Flooring

About This Home

**Unit C Vacant - Market Rent Used In Place** 24 Meadow Way offers an attractive opportunity to acquire a four-unit condo portfolio in one of Scotts Valley's most desirable residential neighborhoods. The property features four identical 2-bedroom, 1.5-bathroom units, each approximately 968 square feet with dedicated parking, providing operational simplicity and consistent tenant appeal. This uniform floor plan supports stable occupancy and straightforward rent management, while existing below-market rents offer a clear path to increased cash flow for a new owner. Built in 1985 with individual condo zoning on each unit, the property has been well-maintained and is poised for a new investor to come in, take the unit renovations to the next level and push the remaining rents to market.

Listing Agent

Fred Rubio

Marcus & Millichap License #01984041 Listed on: 08/07/2026

Open House Schedule

Property Details

Home Type

  • Multi-Family

Year Built

  • 1982

Lot Details

  • 11,326 Sq Ft Lot
  • Fenced

Parking

  • 3 Car Attached Garage
  • Secured Garage or Parking
  • On-Street Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 3,872 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Washer and Dryer

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

  • Property has a Home Owners Association

Building Details

  • 3 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $6,410
  • Maintenance Expense $2,600
  • Other Expense $400
  • Operating Expense $31,257
  • Gross Income $187

Property Details

Home Type

Multi-Family

Year Built

1982

Lot Details

0.26 Acres

Parking

3

Listing Details

  • Zoning: Zone R-H
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3872
  • Special Features: OpenHouse
  • Property Sub Type: MultiFamily
  • Year Built: 1982

Interior Features

  • Kitchen: Appliances - Vary By Unit
  • Living Sq Ft: 3872
  • Stories: 2
  • Security: Fire Alarm, Secured Garage / Parking
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle
  • Yard/Grounds: Balcony / Patio, Fenced, Porch - Enclosed
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer In Street

Condo/Co-op/Association

  • HOA Fees: 400
  • HOA Exist: Yes

Schools

  • High School: 863

Lot Info

  • Lot Acres: 0.2600
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11325.60
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11325.60

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 9067.36
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 6410
  • Expense Landscape: 1200
  • Expense Maintenance: 2600
  • Expenses Other: 400
  • Expenses Total: 31257
  • Income Annual Gross: 187.00
  • Income Annual Rental: 108120
  • Income Gross Scheduled: 108120
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Association, Fee - Other Taxes, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Utilities, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 3

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/07/2026 08/07/26 For Sale $1,750,000 -- $452 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML82057002

MLSListings
California Santa Cruz County Scotts Valley 95066

24 Meadow Way, Scotts Valley, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2026 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes
Fred Rubio
Listing Agent
Fred Rubio
Section Image
Marcus & Millichap
(831) 264-1642
Your Personal Tour Guide

Ask me questions while you tour the home.