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$ 2,695,000
Est. payment /mo
Active
130 Market Street Santa Cruz, CA 95060
9 Beds
3,744 SqFt
UPDATED:
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
Bedrooms 9
HOA Y/N No
Year Built 1908
Lot Size 0.290 Acres
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 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
Zoning R-1-
Interior
Interior Features Energy Star Lighting, Smart Thermostat
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
Exterior
Exterior Feature Back Yard
Building
Sewer Sewer System - Private
Water Public
New Construction No
Schools
School District Santa Cruz City High
Others
Tax ID 00833324000
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Listed by Marshall Keneipp • Miritz & Bailey Real Estate, Inc