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Kevin Kieffer

kevin@eastbaypro.com +1(925) 300-8000

Listed by Miritz & Bailey Real Estate, Inc

$ 2,695,000

Est. payment | -/mo

3,744 SqFt

Save

$ 2,695,000

Est. payment | -/mo

Save

3,744 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,744 sqft

Price per Sqft $719

MLS Listing ID ML82056624

HOA Y/N No

Year Built 1908

Lot Size 0.290 Acres

Property Sub-Type Quadruplex

Source Datashare MLSListings

Property 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 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

Interior

Heating Electric, Forced Air, Wall Furnace

Cooling No Air Conditioning, ENERGY STAR Qualified Equipment

Flooring Laminate

Fireplace No

Window Features Double Pane Windows

Appliance Tankless Water Heater, ENERGY STAR Qualified Appliances

Building

Water Public

Schools

School District Santa Cruz City High, Santa Cruz City Elementary

"We would love to put our experience and successful track record to work for you. Top 1% in California" Kevin & Naomi Kieffer Compass Homes@EastBayPro.com or M. 925-300-8000"

+1(925) 300-8000

kevin@eastbaypro.com

1646 N California Blvd, Walnut Creek, CA 94596, USA

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130 Market Street Santa Cruz, CA 95060