NOT LISTED FOR SALE

631 41st Ave Santa Cruz, CA 95062

Pleasure Point Neighborhood
6 Beds
5 Baths
3,400 Sq Ft
0.35 Acres

Last Sold July 29, 2022

Last sale price $2,600,000 $765 Per Sq Ft

44 Days on Market

Highlights

  • 0.35 Acre Lot
  • Vaulted Ceiling
  • Washer and Dryer
  • Mission Hill Middle School Rated A-
  • Fireplace
  • Level Lot

About This Home

As of July 2022

Opportunity knocks in Pleasure Point! Fourplex on large 15,000+ SF lot just a short stroll to the ocean, world class surfing, restaurants and shops. The front 3 units are single level ground floor and the back unit is upstairs above the carports. There are two 2 Bedroom units and two 1 Bedroom units, each with fireplace and vaulted ceilings. Big upside potential with this large lot size and ideal location in Santa Cruz. With the new SB 9 rules it may be possible to add more units

Last Agent to Sell the Property

Jessica L. Wallace

Coldwell Banker Realty License #01455690 Listed on: 05/29/2022

Coldwell Banker Realty

Last Buyer's Agent

Troy Hinds

David Lyng Real Estate License #01803325

David Lyng Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 0.35 Acre Lot
  • Level Lot

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,400 Sq Ft Home
  • Vaulted Ceiling
  • Fireplace
  • Washer and Dryer

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 3 Carport Spaces
  • Off-Street Parking

Utilities

  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $98,400

Community Details

Overview

  • 3,400 Sq Ft Building

Building Details

  • 4 Leased Units
  • Gardener Expense $2,700
  • Insurance Expense $2,500
  • Utility Expense $3,600
  • Trash Expense $1,468
  • Operating Expense $21,268
  • Gross Income $97,416

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0

Listing Details

  • Zoning: RM-4-PP
  • Subclass: Fourplex
  • Age: 58
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3400
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 3400
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 8
  • Garage Parking Features: Carport, Off-Street Parking
  • Carport Min: 3

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Vaulted Ceiling

Schools

  • School District: Santa Cruz City High
  • Elementary School: Soquel Elementary
  • Middle School: New Brighton Middle
  • Elementary School: 874
  • Middle School: 875

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.3530
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 15377.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 15377.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 28.96
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2500
  • Expense Landscape: 2700
  • Expenses Total: 21268
  • Expenses Utility: 3600
  • Expense Trash: 1468
  • Income Annual Gross: 97416.00
  • Income Annual Rental: 98400
  • Income Gross Scheduled: 98400
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 1

Range of Values:

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Sold Price
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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
07/29/2022 07/29/22 Sold $2,600,000 -8.8% $765 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
07/05/2022 07/05/22 For Sale $2,850,000 0.0% $838 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $2,850,000 0.0% $838 / Sq Ft
06/15/2022 06/15/22 Pending -- -- --
06/14/2022 06/14/22 For Sale $2,850,000 0.0% $838 / Sq Ft
06/14/2022 06/14/22 Price Changed $2,850,000 +14.0% $838 / Sq Ft
05/30/2022 05/30/22 Pending -- -- --
05/29/2022 05/29/22 For Sale $2,500,000 -- $735 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jessica L. Wallace

    Seller's Agent in 2022

    Jessica L. Wallace

    Coldwell Banker Realty

    (831) 419-9345

    4 in this area

    146 Total Sales

    Jessica L. Wallace
    Section Image
  • Troy Hinds

    Buyer's Agent in 2022

    Troy Hinds

    David Lyng Real Estate

    (831) 706-6224

    3 in this area

    31 Total Sales

    Troy Hinds
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81893972

MLSListings
California Santa Cruz County Santa Cruz 95062 Pleasure Point

631 41st Ave, Santa Cruz, CA

This home is located at 631 41st Ave, Santa Cruz, CA 95062 since 29 May 2022. This property was built in 1964. 631 41st Ave is a home located in Santa Cruz County with nearby schools including Soquel Elementary School, New Brighton Middle School, and Mission Hill Middle School.

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