NOT LISTED FOR SALE

2925 Freedom Blvd Watsonville, CA 95076

Aptos Hills-Larkin Valley Neighborhood
7 Beds
3 Baths
2,621 Sq Ft
10,019 Sq Ft Lot

Last Sold November 08, 2019

Last sale price $882,000 $337 Per Sq Ft

207 Days on Market

Highlights

  • Tile Countertops
  • Storage Room
  • Forced Air Heating System
  • Aptos High School Rated A-
  • Tile Flooring

About This Home

As of November 2019

Priced To Sell! Back On Market No Fault Of Seller. Nearly 7.16% Cap Rate! Beautiful Occupied Triplex! Great Investment Property! Income from Units Is High! Cash Flow! If a Tenant gives notice you can fill before they even move. Each Unit has its own Private Yard which tenants maintain, making it a Simple Managed Property with a Low Cost Basis! Great Cap Rate 11.79 & GRM of 14.15%. Total Monthly Income $7060 Duplex - 3 Br 1 Ba 1100 sq ft & Rents for $2740 & 2 Br 1Ba 850 sq ft & Rents for $2160, 3rd Unit is a Separate 2 Br 1 Ba 800 sq ft & Rents for $2160. Each Unit has been Renovated at different times over the years and they all have been very well maintained! New Composition Roof A/B. Property has that Country feel which tenants love but close to freeways heading to beautiful Monterey or Santa Cruz! Close to Everything! Shopping, Colleges, The Beach, Businesses & Silicon Valley is in commute range. This Spectacular Investment Opportunity! PRICED TO SELL! Please Do Not Disturb Tenants!

Last Agent to Sell the Property

Debbie Brannon

Premier Agent Network License #01981270 Listed on: 03/13/2019

Last Buyer's Agent

Christina Wallace

Lone Wolf Real Estate Tech.

Property Details

Home Type

  • Multi-Family

Year Built

  • 1927

Lot Details

  • 10,019 Sq Ft Lot

Parking

  • 6 Parking Spaces

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 2,621 Sq Ft Home
  • Storage Room
  • Washer and Dryer Hookup
  • Crawl Space

Kitchen

  • Range Hood
  • Tile Countertops

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $84,720

Community Details

Overview

  • 2,621 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $1,704
  • Utility Expense $1,453
  • Trash Expense $1,245
  • Operating Expense $13,162
  • Gross Income $84,720

Property Details

Home Type

Multi-Family

Year Built

1927

Lot Details

0

Listing Details

  • Zoning: SU
  • Subclass: Triplex
  • Age: 92
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2621
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1927

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Tile, Hood Over Range, Refrigerator
  • Living Sq Ft: 2621
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Parking Area

Utilities

  • Heating System: Central Forced Air, Electric, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Pajaro Valley Unified

Lot Info

  • Lot Acres: 0.2300
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10019.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10019.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 11.79
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1704
  • Expenses Total: 13162
  • Expenses Utility: 1453
  • Expense Trash: 1245
  • Income Annual Gross: 84720.00
  • Income Annual Rental: 84720
  • Income Gross Scheduled: 84720
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 3
  • Operating Expenses Include: Fee - Property Tax, Insurance
  • Tenant Expenses: Services - Trash Removal, Utilities - Water

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
11/08/2019 11/08/19 Sold $882,000 -11.7% $337 / Sq Ft
10/07/2019 10/07/19 Pending -- -- --
09/13/2019 09/13/19 For Sale $999,000 0.0% $381 / Sq Ft
09/13/2019 09/13/19 Price Changed $999,000 -9.2% $381 / Sq Ft
09/09/2019 09/09/19 Pending -- -- --
09/01/2019 09/01/19 Price Changed $1,100,000 -4.3% $420 / Sq Ft
07/01/2019 07/01/19 Price Changed $1,150,000 -4.1% $439 / Sq Ft
04/09/2019 04/09/19 Price Changed $1,199,000 -7.4% $457 / Sq Ft
03/13/2019 03/13/19 For Sale $1,295,000 -- $494 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Debbie Brannon

    Premier Agent Network

    Section Image

  • C

    Buyer's Agent in 2019

    Christina Wallace

    Lone Wolf Real Estate Tech.

  • Steven Allen

    Buyer's Agent in 2019

    Steven Allen

    Allen Property Group, Inc.

    (831) 688-5100

    7 Total Sales

    Steven Allen
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81742448

MLSListings

APN: 049-071-10

California Santa Cruz County Watsonville 95076 Aptos Hills-Larkin Valley

2925 Freedom Blvd, Watsonville, CA

This home is located at 2925 Freedom Blvd, Watsonville, CA 95076 since 13 March 2019. This property was built in 1927. 2925 Freedom Blvd is a home located in Santa Cruz County with nearby schools including Bradley Elementary School, Aptos Junior High School, and Aptos High School.

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