Property Details
About this Property
Pro forma GRM of 8.6!! Pro forma cap rate 9%!! Phenomenal income property w/ incredible upside potential. Current rents & expenses show a 4.5% cap rate. Rents significantly under market. 8 of the 9 units have 1 car garages. Unit 6 is the only unit w/o a garage. There is a storage room & a laundry room w/ potential to add additional income:2 washer hookups & 2 dryer hookups. Leases run through May 31st 2024 on 8 units & June 30th 2024 on 1 unit. Great long-term tenants in place with 0 vacancy. Recent updates include new paint, new lighting, & new second story stair case. There are hardwood floors,& vinyl dual paned windows. Home inspection & pest inspection available. Build your wealth & invest in the heart of Santa Cruz close to downtown, UCSC, & commute routes. Properties w/ this mix of floor plans & abundant parking options are very rare. Floor plan scans included in the images. Some units have detached access for garages. Please do not disturb tenants. Offers subject to inspection.
MLS Listing Information
MLS #
ML81947326
MLS Source
MLSListings, Inc.
Interior Features
Cooling
None
Heating
Gas, Wall Furnace
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Attached Garage, Guest / Visitor Parking, Off-Street Parking, Parking Area, Garage: 8 Car(s)
High School District
Santa Cruz City High
Water
Public
Zoning
RM
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 9 | 9 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 2 | 1/0 | $2,041 | $2,609 | 2 |
| 2 | – | 3 | 1/1 | $2,222 | $2,222 | 1 |
| 3 | – | 2 | 1/1 | $1,955 | $2,164 | 5 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
145 Canfield Ave is a Residential Income in Santa Cruz, CA 95060. This 7,839 square foot property sits on a 0.359 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,100,000 and was built in 1958. This address can also be written as 145 Canfield Ave, Santa Cruz, CA 95060.
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This listing information is up-to-date as of December 21, 2024. For the most current information, please contact Daniel Oster, (831) 252-5000
