145 Canfield Avenue

Santa Cruz, CA 95060

$3,100,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $395 / sqft

1958

calendar_month Built

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.

Listing Information

Close Price $3,100,000
Close Date Wednesday, January 3rd, 2024
Status Closed
MLS ML81947326
Type Commercial
Year Built 1958
Lot Size N/A
Structure Size N/A
DOM 14
Courtesy Of Coldwell Banker Realty
Listing Agent Daniel Oster DRE#01381869

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Daniel Oster, Coldwell Banker Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 12th, 2024 at 9:19 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.