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Listed by Sam Bird-Robinson • Compass, DRE#01901727
$3,975,000
Est. payment /mo
16 Beds
8 Baths
4,828 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiple Dwellings / Structures
Listing Status Active
Purchase Type For Sale
Square Footage 4,828 sqft
Price per Sqft $823
MLS Listing ID ML82042938
Bedrooms 16
Full Baths 8
Year Built 1973
Lot Size 0.276 Acres
Property Sub-Type Multiple Dwellings / Structures
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 West Santa Cruz
Zoning Multifamily
Interior
Heating Central Forced Air - Gas
Cooling None
Flooring Laminate, Vinyl / Linoleum
Exterior
Parking Features Off-Street Parking
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Rolled Composition
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Tax ID 006-481-33-000
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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