$1,480,000

Estimated payment $8,846/month

Total Views 335
3 Beds
2 Baths
1,767 Sq Ft
$838 Price per Sq Ft

Highlights

  • Tile Countertops
  • Forced Air Heating System
  • Carpet
  • Mission Hill Middle School Rated A-

About This Home

Tucked away in a quiet Soquel neighborhood, this well-located duplex is situated at the end of a cul-de-sac just off Capitola Avenue, the property offers both privacy and convenience close to beaches, shopping, dining, and Highway 1. 5035 Wilder Drive is a 1-bedroom, 1-bath unit with an attached one-car garage. 5037 Wilder Drive is a 2-bedroom, 1-bath unit, also with an attached one-car garage. Both single-level units feature spacious living rooms that flow seamlessly into open kitchens, each with sliding glass doors that lead to private, fenced yards. Separate laundry rooms are attached to each unit for added convenience. This is a rare chance to own a stable, income-generating property with long-term tenants already in place. Both units are currently rented on month-to-month leases, providing flexibility for future plans. Interior photos were taken prior to current tenants move in when vacant so they are a few years old. Buyer to cooperate with Sellers 1031 Exchange.

Last Listed By

Phillip Frandler

CIFPM Inc License #00882452 Listed on: 06/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,844

Year Built

  • 1964

Lot Details

  • 7,884 Sq Ft Lot

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • 1,767 Sq Ft Home
  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Kitchen

  • Oven or Range
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Laminate

Utilities

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

Listing and Financial Details

Community Details

Overview

  • 1,767 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $3,568
  • Insurance Expense $1,200
  • Maintenance Expense $6,000
  • Manager Expense $5,190
  • Utility Expense $1,845
  • Operating Expense $24,868
  • Gross Income $67,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,844

Year Built

1964

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM-2.5
  • Subclass: Duplex
  • Age: 61
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1767
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Countertop - Tile, Dishwasher, Oven Range, Refrigerator
  • Living Sq Ft: 1767
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

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

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Santa Cruz City High
  • High School: Soquel High
  • High School: 877

Lot Info

  • Lot Acres: 0.1810
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7884.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7884.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.09
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1200
  • Expense Landscape: 3568
  • Expense Maintenance: 6000
  • Expense Management: 5190
  • Expenses Total: 24868
  • Expenses Utility: 1845
  • Income Annual Gross: 67000.00
  • Income Annual Rental: 67000
  • Income Gross Scheduled: 67000
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Services - Gardener, Services - Sewer, Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 5

Map

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

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
2023 $6,844 $426,493 $253,121 $173,372
2022 $6,696 $418,130 $248,158 $169,972
2021 $6,393 $409,932 $243,292 $166,640
2020 $6,293 $405,729 $240,798 $164,931
2019 $6,149 $397,773 $236,076 $161,697
2018 $6,017 $389,974 $231,447 $158,527
2017 $5,916 $382,327 $226,909 $155,418
2016 $5,611 $374,831 $222,460 $152,371
2015 $5,367 $369,200 $219,118 $150,082
2014 $5,244 $361,968 $214,826 $147,142
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 For Sale $1,480,000 -- $838 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: MLSListings

MLS Number: ML82010465

MLSListings

APN: 030-222-01-000