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- LoopNet Team
1880 46th Ave
Capitola, CA 95010
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Fully Renovated Interiors and Exterior
- Updated Sub Panels and Main Panel (Siemens)
- Washer/Dryer Units and Hookups (9/10 Units)
PROPERTY FACTS
| No. Units | 10 | Building Size | 7,813 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1964/2020 |
| Building Class | B | Parking Ratio | 2.43/1,000 SF |
| Lot Size | 0.34 AC | ||
| Zoning | RM-M | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 7,813 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2020 |
| Parking Ratio | 2.43/1,000 SF |
| Zoning | RM-M |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Stainless Steel Appliances
- Double Pane Windows
- Garden
- Lawn
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
- Bicycle Storage
ABOUT 1880 46TH AVE , CAPITOLA, CA 95010
The 46th Ave Apartments offer a rare opportunity to purchase a trophy-asset in a supply-constrained market, located just blocks away from Capitola Village, world-renowned surf destinations, shopping, and high-end dining. Favorable parking ratio of 2:1. The property has undergone a significant exterior renovation, consisting of new paint, new main electrical panel, new facia, new cedar wood siding, new slurry seal, and new landscaping. The roof was replaced in 2003 and is in good condition. All windows are dual pane. Every unit has been fully remodeled: new shaker kitchen cabinets, quartz countertops, stainless steel appliances, washer/dryer in every unit, subway tile backsplashes, vinyl plank flooring throughout, new electrical sub-panels and outlets, updated bathrooms, new baseboards, new fixtures and lighting. Further upside can be realized by converting laundry and storage rooms to another unit in accordance with new statewide ADU law- buyer to verify.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | $2,545 | 780 |
PROPERTY TAXES
| Parcel Number | 034-011-29-000 | Improvements Assessment | $2,056,621 |
| Land Assessment | $2,641,134 | Total Assessment | $4,697,755 |
PROPERTY TAXES
