145 Canfield Avenue, Santa Cruz, CA 95060
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Sold Price :
$3,100,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1958
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
145 Canfield Avenue |
| City |
Santa Cruz |
| State |
CA |
| Zip |
95060 |
| County |
Santa Cruz |
| Listing Agent |
Daniel Oster DRE #01381869 |
| Courtesy Of |
Coldwell Banker Realty |
| Close Price |
$3,100,000 |
| Status |
Closed |
| Type |
Commercial |
| Structure Size |
N/A |
| Lot Size |
N/A |
| Year Built |
1958 |
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.
