Santa Cruz, CA 95060,145 Canfield AVE
Santa Cruz, CA 95060,145 Canfield AVE
Santa Cruz, CA 95060,145 Canfield AVE
25
$3,100,000
$3,200,000
3.1%
Est.Price: ?

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7 BD
4 BA
7,839 SqFt

145 Canfield AVE Santa Cruz, CA 95060

Est. payment /mo
SOLD DATE : 01/03/2024

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Key Details

Sold Price $3,100,000

Property Type Commercial

Sub Type Five or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 7,839 sqft

Price per Sqft $395

MLS Listing ID ML81947326

Sold Date 01/03/24

Bedrooms 7

Full Baths 3

Half Baths 2

Year Built 1958

Lot Size 0.359 Acres

Property Sub-Type Five or More Units

Property Description

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.

Location

State CA

County Santa Cruz

Area East Santa Cruz

Zoning RM

Interior

Heating Gas, Wall Furnace

Cooling None

Exterior

Parking Features Attached Garage, Guest / Visitor Parking, Off-Street Parking, Parking Area, Unassigned Spaces

Garage Spaces 8.0

Utilities Available Other

Roof Type Composition

Building

Foundation Concrete Perimeter

Sewer Sewer Connected

Water Public

Others

Restrictions None

Tax ID 007-433-01-000

Security Features None

Special Listing Condition Not Applicable

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MLSListings Inc. (MLSListings)
Listed by Daniel Oster • Coldwell Banker Realty
Bought with RECIP • Out of Area Office

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agent

Deven Siggins

Agent | License ID: 01989481

+1(831) 508-9596

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