130 Market Street, Santa Cruz, CA 95060
- $2,695,000
- 3,744
- SqFt
- List Price
- $2,695,000
- Status
- ACTIVE
- MLS#
- ML82056624
- Year Built
- 1908
- Living Sq. Ft
- 3,744
- Lot Size
- 12,632
- Acres
- 0.29
- Days on Market
- 0
- Property Type
- Multifamily
- Style
- Craftsman, Traditional, Victorian
- Property Sub Type
- Quadruplex
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!
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Additional Information
- Taxes
- $16,439
- Appliances
- Dishwasher, Refrigerator, Range Hood, Vented Exhaust Fan
- Heat
- Central, Electric, Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Shingle
- Garage Spaces Total
- 4
- Sewer
- Private Sewer
- Water
- Public
- School District
- Other
- Elementary School
- Other
- Middle School
- Other
- High School
- Harbor
- Interior Features
- Loft
- Attached Structure
- Detached
- Gross Scheduled Income
- $179,784
Listing courtesy of Listing Agent: Marshall Keneipp (mdkeneipp@gmail.com) from Listing Office: Miritz & Bailey Real Estate, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.