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130 Market Street

Santa Cruz, CA 95060

$2,695,000 $11,362/Mo

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Overview

Bed

Bath

3,744

Sqft

12,632

Sqft(Lot)

Description

Outstanding turnkey fourplex investment opportunity in central Santa Cruz! All units have been tastefully updated and meticulously maintained. The property features 4 separate structures including a beautifully updated 3 bedroom Victorian house, a 2-bedroom cottage, a duplex with 1 bedroom and 3 bedroom units, a separate 4 bay garage building with supplemental living space over the garages, and off-street parking. The large 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 restaurants, shops, Highway 1, the pier, the Boardwalk, and beaches. This is a unique opportunity for an inves tor 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!

Property Details

Property Type : ResidentialIncome

Price : $2,695,000

AD Id : 89134492

MLS Id : ML82056624

Beds : 9

Lot Size : 12,632 Sqft

Living Area Size : 3,744

Year Built : 1908

Garage : 4

County : Santa Cruz

Map

What's Nearby

Nearby Areas

Features

Interior Features

Loft

Roof: Shingle

Appliances: Dishwasher, Refrigerator, RangeHood, VentedExhaustFan

Window Features: Skylights
Heating & Cooling

Has Heating: Yes Heating: Central, Electric, WallFurnace Has Cooling: Yes Cooling: None

Building Information

Year Built: 1908

Building Area Total: 3744

Private Pool: No

Lot Information

Main Square Feet: 12632 Lot Size Acres: 0.29 Lot Size Source: Assessor Lot Size Square Feet: 12,632

Listing Price Information

Listing Price: $2695000

Tax Information

Parcel Number: 00833324000 Annual Tax: $16439

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 5 OffStreet

Garage Information

Has Garage: Yes Garage Space: 4

School Information

Elementary School: Other Junior High School: Other Senior High School: Harbor
Location Information

Direction: Cross Street: Water WaterSource: Public Security Features: SecurityLights

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
512 2nd Street, Santa Cruz, CA, 95060	$2,700,000	6	--	2,957	2,957 SqFt
257 High Street, Santa Cruz, CA, 95060	$2,480,000	8	--	3,978	3,978 SqFt
300 Columbia Street, Santa Cruz, CA, 95060	$3,150,000	5	--	3,520	3,520 SqFt