$1,585,000
$1,695,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
4,062 SqFt
SOLD DATE : 05/17/2019
Key Details
Sold Price $1,585,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,062 sqft
Price per Sqft $390
MLS Listing ID ML81737634
Sold Date 05/17/19
Bedrooms 10
HOA Y/N No
Year Built 1965
Lot Size 0.256 Acres
Acres 0.26
Property Description
How many times have you wished for a home to own with [legal!] rental units to help offset the cost? This triplex is the perfect solution: a large 4bd home plus separate twin 3bd/2bath duplex units all on one large parcel AND in Seacliff to boot! Plenty of opportunities here for income property, extended family living, investment, etc. The large single level home shines with recent extensive improvements including a new kitchen and refurbished wood floors. The duplex units are spacious with on-site laundry, plenty of parking and have enjoyed regular maintenance. Ord is a tucked-away nook of the Seacliff neighborhood just a short walk to the beach and all the charms of central Seacliff. Per seller the market rents for the units are approx $4100 + $3200 + $3100, making for a projected GRM 13.50 of and Cap rate at 5.5%. As an investment, this property is a workhorse! Or configured as a family compound, you'll rarely come across another an in-town parcel with this unique arrangement!
Location
State CA
County Santa Cruz
Zoning R-1-
Interior
Heating Natural Gas, Wall Furnace
Cooling No Air Conditioning
Flooring Hardwood, Laminate, Tile, Carpet
Fireplace No
Laundry Coin Operated
Building
New Construction No
Schools
School District Pajaro Valley Unified
Others
Tax ID 03807504000
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Bought with Max K.Nosrati
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "