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$3,975,000
Est. payment /mo
4,828 SqFt
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,828 sqft
Price per Sqft $823
MLS Listing ID ML82042938
HOA Y/N No
Year Built 1973
Annual Tax Amount $49,687
Lot Size 0.276 Acres
Property Sub-Type Mixed Use
Property Description
Professionally managed UCSC rental opportunity with a phenomenal investment profile. This property features four 1,207 Sq. Ft. 4-Bed/2-Bath units, totaling 16 Bedrooms and 8 Bathrooms across 4,828 Sq. Ft. Benefit from an established rental history, very low vacancy rate, Total Operating Income of nearly $275K/year and a strong Net Operating Income (NOI) of $191K/year. Competitive financing is streamlined with SFR options available. Key features that maximize tenant appeal and minimize owner overhead include: on-site laundry, off-street parking, and 4 separate water and gas meters. The location is unbeatable for student renters, situated directly on the UCSC bus line corridor with quick access to campus and Downtown Santa Cruz. Don't miss this rare chance to secure a high-performing asset in a consistently robust rental market. All units are 4 Bed / 2 Bath
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning Multifamily
Interior
Cooling None
Flooring Laminate
Fireplace No
Exterior
Parking Features Off Street
View Y/N No
Accessibility None
Total Parking Spaces 10
Building
Foundation Slab
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Tax ID 00648133000
Special Listing Condition Standard
Virtual Tour https://www.817california.com
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Listed by Sam Bird-Robinson Compass #01901727
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