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John Fagan

john@johnfagangroup.com +1(669) 303-8501

Listed by Marshall Keneipp • Miritz & Bailey Real Estate, Inc, DRE#02115477

$ 2,695,000

Est. payment | -/mo

9 Beds

6 Baths

3,744 SqFt

Save

$ 2,695,000

Est. payment | -/mo

Save

9 Beds

6 Baths

3,744 SqFt

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,744 sqft

Price per Sqft $719

MLS Listing ID ML82056624

Style Craftsman,Traditional,Victorian

Bedrooms 9

Full Baths 6

Year Built 1908

Lot Size 0.290 Acres

Property Sub-Type Fourplex

Property Description

Outstanding turnkey fourplex investment opportunity in central Santa Cruz! All units have been tastefully updated and meticulously maintained. The property features a beautifully updated standalone three-bedroom Victorian house, a two-bedroom cottage, a duplex with one-bedroom and three-bedroom units, and a separate four-bay garage building with supplemental living space over the garages. A nicely landscaped lot provides ample opportunities for tenants to enjoy outdoor living spaces. Many energy efficiency improvements help keep utility costs low for tenants. Ideal location near downtown with a high walkability score offers tenants easy access to biking and hiking trails, restaurants, shops, Highway 1, the pier, Boardwalk, and beaches. This is a unique opportunity for an investor looking for a high-quality long-term investment with a strong rental history, very low vacancy rates, and financial upside potential through rent rate increases and the possibility of an ADU conversion per current state and local ADU regulations. The property is also perfect for an owner occupant to reside in a beautiful 3-bedroom, two-bath home while enjoying extra income from the other units, OR for a multi-generational family compound. Bring your investors and owner-occupant clients!

Location

State CA

County Santa Cruz

Area East Santa Cruz

Zoning R-1-5

Rooms

Other Rooms Laundry Room, Loft, Storage

Kitchen Dishwasher, Exhaust Fan, Hood Over Range, Oven Range, Oven Range - Gas, Refrigerator, Skylight

Interior

Heating Central Forced Air, Electric, Wall Furnace

Cooling None

Flooring Carpet, Laminate, Vinyl / Linoleum

Laundry Washer / Dryer

Exterior

Exterior Feature Back Yard, Balcony / Patio, BBQ Area, Deck , Fenced, Porch - Enclosed, Sprinklers - Auto, Sprinklers - Lawn

Parking Features Detached Garage, Off-Street Parking, Parking Area

Garage Spaces 4.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Shingle

Building

Foundation Concrete Perimeter, Crawl Space

Sewer Sewer - Private

Water Public

Others

Tax ID 008-333-24-000

Miscellaneous High Ceiling ,Skylight

Security Features Security Lights

Horse Property No

Special Listing Condition Not Applicable

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(669) 303-8501

john@johnfagangroup.com

1295 E Dunne Ave Suite 130 Morgan Hill, CA 95037, USA

130 Market ST Santa Cruz, CA 95060

John Fagan

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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130 Market ST