NOT LISTED FOR SALE
7 Beds
4 Baths
3,613 Sq Ft
12,807 Sq Ft Lot

Last Sold February 21, 2023

Last sale price $2,400,000 $664 Per Sq Ft

74 Days on Market

Highlights

  • Ocean View
  • Craftsman Architecture
  • Forced Air Heating System
  • Westlake Elementary School Rated A-
  • 2 Car Attached Garage

About This Home

As of February 2023

Price reduced $275,000 for immediate sale: Two homes on one large parcel: 417 High St. (4 BR/3BA): spacious three-story Craftsman home with expansive views over Monterey Bay, the City of Santa Cruz, and our local mountains. Gorgeous views from the living room, den & several bedrooms. Details include a covered front porch, hardwood floors, living room, family room, two fireplaces, two kitchens, two laundry rooms, and lots of storage. An expansive deck joins the two homes. The 2nd home is 415 High St. (3 BR/1BA). This home is secluded below the main home at the bottom of the parcel. It has a bright living room, sunny dining room & neighborhood views. The bottom floor is a two-car garage w/ laundry and a third bedroom. There is off-street parking for at least four cars. These homes have had an excellent student rental history as UCSC is only one mile away. They would also make a fabulous family compound. The homes are located on the campus bus route & are just a short walk to downtown.

Last Agent to Sell the Property

Dave Dawson

Bailey Properties License #01491117 Listed on: 11/08/2022

Co-Listed By

Dorene Dawson

Bailey Properties License #02140632

Last Buyer's Agent

Candace Bradfield

Bradfield & Associates License #01240959

Property Details

Home Type

  • Multi-Family

Year Built

  • 1908

Lot Details

  • 0.29 Acre Lot

Parking

  • 2 Car Attached Garage
  • On-Street Parking
  • Uncovered Parking
  • Off-Street Parking

Property Views

  • Ocean
  • Panoramic
  • City

Home Design

  • 3,613 Sq Ft Home
  • Craftsman Architecture
  • Slab Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Utilities

  • Forced Air Heating System
  • Floor Furnace

Listing and Financial Details

  • Total Actual Rent $172,537

Community Details

Overview

  • 3,613 Sq Ft Building

Building Details

  • Gardener Expense $421
  • Insurance Expense $2,831
  • Maintenance Expense $2,382
  • Manager Expense $9,113
  • Other Expense $17,012
  • Operating Expense $65,059
  • Gross Income $172,537

Property Details

Home Type

Multi-Family

Year Built

1908

Lot Details

0.29 Acres

Parking

2

Listing Details

  • Zoning: R-1-5
  • Subclass: Multiple Dwellings / Structures
  • Style: Craftsman, Vintage
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3613
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1908

Interior Features

  • Living Sq Ft: 3613

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Slab
  • Roof: Composition
  • View: City, Ocean, Panoramic

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 5
  • Garage Parking Features: Attached Garage, Off-Street Parking, On Street, Uncovered Parking

Utilities

  • Heating System: Floor Furnace, Forced Air
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.2940
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12807.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 12807.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 14.49

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2831
  • Expense Landscape: 421
  • Expense Maintenance: 2382
  • Expense Management: 9113
  • Expenses Other: 17012
  • Expenses Total: 65059
  • Income Annual Gross: 172537.00
  • Income Annual Rental: 172537
  • Income Gross Scheduled: 172537
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Other Taxes, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Salary Employee(s)
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
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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 List to Sale Price per Sq Ft
02/21/2023 02/21/23 Sold $2,400,000 -4.0% $664 / Sq Ft
01/21/2023 01/21/23 Pending -- -- --
01/18/2023 01/18/23 Price Changed $2,500,000 -9.9% $692 / Sq Ft
11/08/2022 11/08/22 For Sale $2,775,000 -- $768 / Sq Ft
Source: MLSListings

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81912519

MLSListings
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