This property is Off-Market

348-352 Soquel Avenue
Santa Cruz, CA 95060 ·

3 Units · Multifamily For Sale

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3 for 1 Beachtown Moneymaker!

Price N/A Cap Rate 5.20%
No. Units 3 Gross Rent Multiplier 11.80
Building Size 5,400 SF No. Stories 3
Property Type Multifamily Year Built 2008
Property Sub-type Duplex/Triplex/Fourplex Lot Size 8,100 SF
Property Use Type Investment APN / Parcel ID 005-302-04
Commission Split 2.5% Parking Ratio 2 / 1,000 SF
Listing ID: 17744347 Date Created: 07/11/2012 Last Updated: 01/06/2014

Description

Welcome to a truly unique group of homes, distinguished by colorful southwestern architecture and high-end interior appointments. Visiting one of these stand-alone townhome Casas you could easily think you were in Santa Fe.

The Casas are ideal for use as vacation or student rentals. This Summer, 350 and 352 Soquel Avenue are booked for $350/night during July and August, bringing in appoximitely $25,000 in rents. Student rentals bring in up to $700 per student per month and, with their versatile floor-plans, each home comfortably accommodates up to six students.

Condo map recorded on property allows each townhouse to be individually owned and/or encumbered. All are being sold as a single package.

Located in the heart of the hotel and tourism district, a few blocks from downtown Santa Cruz, or a 5-minute jog down the scenic river walk to the Main Beach and Boardwalk.

Highlights

  • Three stand-alone townhome Casas on one Parcel
  • Amazing income generator
  • Stated income based on year-round student rental
  • Additional Income Stream from Summer Vacation Rentals
  • Condo Map Recorded so can be individually sold or encumbered
  • Pride of Ownership meets Pride of Cashflow!

Research

348-352 Soquel Avenue, Santa Cruz, CA 95060 (Santa Cruz County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Santa Cruz Market Trends - Asking price index trends, sale price trends, asking rent trends

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