NOT LISTED FOR SALE

Estimated Value: $1,479,000 - $1,642,000

7 Beds
4 Baths
2,687 Sq Ft
$589/Sq Ft Est. Value

Sale Details

Date Sold: January 9, 2023

Last sale price $1,480,000 $551 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $10,332 / mo

44 Days on Market

Highlights

  • 1 Car Attached Garage
  • Coin Laundry
  • Carpet
  • Vine Hill Elementary School Rated A-

About This Home

As of January 2023

This is the investment opportunity you have been waiting for! Ideal location just off of Scotts Valley Drive will appeal to a broad range of qualified tenants. Walking and biking distances to shops, parks, and schools. Fantastic commute times to both Santa Cruz and Silicon Valley. There is something for any tenant to like! This triplex has two 2/1 units, one with garage, and one 3/2 unit. Great parking and beautiful easy landscaping. Well maintained property with some updates and upgrades. Shared laundry facilities on site. One vacant unit can be seen on short notice. Other units occupied. Upside potential on rents, as they are currently below market. Extra large lot may have development potential.

Last Agent to Sell the Property

Bill Franzosa

Thunderbird Real Estate License #01103336 Listed on: 11/03/2022

Thunderbird Real Estate

Last Buyer's Agent

Sean Foley

Compass License #00870112

Compass

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1978

Lot Details

  • 19,254 Sq Ft Lot

Parking

  • 1 Car Attached Garage
  • 2 Carport Spaces
  • Off-Street Parking

Home Design

  • 2,687 Sq Ft Home
  • Triplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Kitchen

  • Oven or Range
  • Dishwasher
  • Synthetic Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Utilities

  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $81,000

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 2 Leased Units
  • Insurance Expense $2,000
  • Operating Expense $8,632
  • Gross Income $81,000

Property Details

Home Type

Multi-Family

Year Built

1978

Lot Details

0.44 Acres

Parking

1

Listing Details

  • Zoning: R-H
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2687
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1978

Interior Features

  • Kitchen: Countertop - Synthetic, Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 2687
  • Laundry: Coin Operated
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Carport, Off-Street Parking
  • Carport Min: 2

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.4420
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 19254.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 19254.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.75
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2000
  • Expenses Total: 8632
  • Income Annual Gross: 81000.00
  • Income Annual Rental: 81000
  • Income Gross Scheduled: 81000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2025
Sold by
Bought by
Current Estimated Value
$1,582,936

Purchase Details

Listed on
Nov 3, 2022
Closed on
Jan 4, 2023
Sold by
Bought by
Seller's Agent
Bill Franzosa
Thunderbird Real Estate
Buyer's Agent
Sean Foley
Compass
List Price
$1,600,000
Sold Price
$1,480,000
Premium/Discount to List
-$120,000
-7.5%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.86%

Purchase Details

Closed on
Jul 2, 2021
Sold by
Bought by

Purchase Details

Closed on
Feb 11, 2005
Sold by
Bought by

Purchase Details

Closed on
Jul 9, 1997
Sold by
Bought by

Purchase Details

Closed on
Jul 26, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Scotts Valley, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
$1,480,000 First American Title
-- None Available
-- --
$285,000 First American Title Ins Co
$285,000 First American Title Co
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/09/2023 01/09/23 Sold $1,480,000 -7.5% $551 / Sq Ft
12/18/2022 12/18/22 Pending -- -- --
11/03/2022 11/03/22 For Sale $1,600,000 -- $595 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $19,774 $1,570,588 $1,146,105 $424,483
2025 $7,085 $1,539,792 $1,123,632 $416,160
2023 $6,834 $437,410 $153,477 $283,933
2022 $6,632 $428,833 $150,468 $278,365
2021 $6,435 $420,424 $147,517 $272,907
2020 $6,300 $416,114 $146,005 $270,109
2019 $6,230 $407,955 $143,142 $264,813
2018 $5,810 $399,955 $140,335 $259,620
2017 $5,642 $392,115 $137,585 $254,530
2016 $5,368 $384,426 $134,887 $249,539
2015 $5,262 $378,652 $132,861 $245,791
2014 $5,065 $371,234 $130,258 $240,976
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81912155

MLSListings

APN: 022-032-18-000

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