NOT LISTED FOR SALE

315 Walnut Ave Santa Cruz, CA 95060

Downtown Santa Cruz Neighborhood

Estimated Value: $1,407,000 - $1,623,000

1 Bed
3 Baths
2,519 Sq Ft
$601/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $1,450,000 $576 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $8,275/month

7 Days on Market

Highlights

  • Wood Flooring
  • Victorian Architecture
  • 4 Car Detached Garage
  • Westlake Elementary School Rated A-
  • Balcony
  • 1-minute walk to Who's Your Walkie

About This Home

As of June 2023

Rare investment opportunity in Downtown Santa Cruz, First time on the market in over 20 years. This 1890 Victorian, has been a student rental for the past 20 years, Registered with UCSC as an approved student Rental. Excellent rental income history, This Victorian Duplex is perfect for someone looking to buy an investment property or someone looking for a Victorian Rehab project. Walking distance to downtown, restaurants, and close UCSC. Don't let this one pass you by, perfect for anyone looking for sweet equity and a vision. Call listing agents for more details.

Last Agent to Sell the Property

Andy Kay

eXp Realty of California Inc License #00922383 Listed on: 06/05/2023

eXp Realty of California Inc

Co-Listed By

David Webb

eXp Realty of California Inc License #01256289

Last Buyer's Agent

Andy Kay

eXp Realty of California Inc License #00922383 Listed on: 06/05/2023

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,719

Year Built

  • 1890

Lot Details

  • 6,229 Sq Ft Lot
  • Back Yard

Home Design

  • 2,519 Sq Ft Home
  • Duplex
  • Victorian Architecture
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Tile
  • Vinyl

Parking

  • 4 Car Detached Garage
  • Off-Street Parking

Additional Features

  • Washer and Dryer
  • Balcony
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $144,000

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $5,425
  • Maintenance Expense $4,847
  • Other Expense $6,148
  • Utility Expense $5,850
  • Operating Expense $37,851
  • Gross Income $144,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,719

Year Built

1890

Lot Details

0

Listing Details

  • Zoning: NULL
  • Subclass: Duplex
  • Style: Victorian
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2519
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Interior Features

  • Living Sq Ft: 2519
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard, Balcony / Patio
  • Construction Type: Wood

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Detached Garage, Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1430
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6229.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6229.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 9.38
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 5425
  • Expense Maintenance: 4847
  • Expenses Other: 6148
  • Expenses Total: 37851
  • Expenses Utility: 5850
  • Income Annual Gross: 144000.00
  • Income Annual Rental: 144000
  • Income Gross Scheduled: 144000
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2017
Sold by
Repalam Tessie E
Bought by
The Tessie E Repalam Trust
Current Estimated Value
$1,514,234

Purchase Details

Closed on
Mar 5, 2012
Sold by
Repalam Tessie E and William B Mogg Trust
Bought by
Repalam Tessie E

Purchase Details

Closed on
Aug 18, 1995
Sold by
Mogg William B
Bought by
Mogg William B
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
The Tessie E Repalam Trust -- None Available
Repalam Tessie E -- None Available
Mogg William B -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2023 06/23/23 Sold $1,450,000 +7.4% $576 / Sq Ft
06/12/2023 06/12/23 Pending -- -- --
06/05/2023 06/05/23 For Sale $1,350,000 -- $536 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $3,719 $1,508,580 $1,170,450 $338,130
2023 $3,680 $274,903 $109,533 $165,370
2022 $3,644 $269,513 $107,385 $162,128
2021 $3,579 $264,229 $105,280 $158,949
2020 $3,555 $261,519 $104,200 $157,319
2019 $3,477 $256,391 $102,157 $154,234
2018 $3,443 $251,364 $100,154 $151,210
2017 $3,405 $246,435 $98,190 $148,245
2016 $3,245 $241,603 $96,265 $145,338
2015 $3,050 $237,974 $94,819 $143,155
2014 $3,005 $233,313 $92,962 $140,351
Source: Public Records

Agents Affiliated with this Home

  • Andy Kay

    Seller's Agent in 2023

    Andy Kay

    eXp Realty of California Inc

    (831) 239-9002

    2 in this area

    42 Total Sales

    Andy Kay
    Section Image
  • David Webb

    Seller Co-Listing Agent in 2023

    David Webb

    eXp Realty of California Inc

    (831) 818-0310

    2 in this area

    32 Total Sales

    David Webb
    Section Image
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Map

Source: MLSListings

MLS Number: ML81930705

MLSListings

APN: 006-472-03-000

California Santa Cruz County Santa Cruz 95060 Downtown Santa Cruz

315 Walnut Ave, Santa Cruz, CA

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