Skip To Content

1770 48th Avenue

Capitola, CA 95010
  • $1,795,000
  • STATUS: Active
  • ON SITE: 12 Days
  • ID#: ML81902332
$1,795,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,072
    SQFT
  • $584
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

School District:
Listing Agent(s): Ashley Haut of Wellington Dev. & Invest. (831-475-6200)


Description

Fantastic 4-Plex in Capitola By The Sea! This is a great multi-family investment opportunity in a prime beach neighborhood! Building has value add and upside rent potential with current rents at $96,840 per annum. Upgrade at your own pace. All units currently occupied with long-standing tenants. Each unit is 2BD, 1BA, approx. 768SqFt. Carport space for each unit with storage, coin-op laundry, large shared deck. EVERYTHING is within walking distance! Drop down into beautiful Capitola Village and Beaches or walk to 41st for all shopping, dining, etc. So many possibilities: make upstairs into one large living space and rent downstairs units to create your dream beach retreat? This established neighborhood is a quiet enclave in one of the most desirable areas of Santa Cruz County!

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T00:28:39.137. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
www.americanrealestatehomes.com/homes/131492658
Print Image

1770 48th Avenue Capitola, CA 95010

  • Price: $1,795,000
  • Status: Active
  • On Site: 12 Days
  • ID#: ML81902332
0
Beds
0
Baths
0
½ Baths
0.08
Acres
3,072
SQFT
$584
$/SQFT
1964
Built
Neighborhood:
699 - Not Defined
County:
Santa Cruz
Area:
699 - Not Defined
School District:
Other
Property Description
Fantastic 4-Plex in Capitola By The Sea! This is a great multi-family investment opportunity in a prime beach neighborhood! Building has value add and upside rent potential with current rents at $96,840 per annum. Upgrade at your own pace. All units currently occupied with long-standing tenants. Each unit is 2BD, 1BA, approx. 768SqFt. Carport space for each unit with storage, coin-op laundry, large shared deck. EVERYTHING is within walking distance! Drop down into beautiful Capitola Village and Beaches or walk to 41st for all shopping, dining, etc. So many possibilities: make upstairs into one large living space and rent downstairs units to create your dream beach retreat? This established neighborhood is a quiet enclave in one of the most desirable areas of Santa Cruz County!
Exterior Features

Carport Spaces 4 Carport YN Yes Foundation Details Concrete PerimeterPillar/Post/Pier Parking Features Carport Parking Total 0 Roof FlatOtherTar/Gravel

Interior Features

Accessibility Features Other Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 3.54 Garage YN No Gross Scheduled Income 98780 Insurance Expense 2698 Listing Agreement Exclusive Right To Sell Maintenance Expense 4825 Other Expense 949 Property Sub Type Quadruplex Sewer Public Sewer Tax Annual Amount 11584 Trash Expense 1824 Water Source Public Zoning R



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T00:28:39.137. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369492715-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369492715-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369492715-1.jpg
Logo
American Real Estate List & Sell
6391 Magnolia Ave., B20
Riverside CA, 92505
Listing Agent(s): Ashley Haut of Wellington Dev. & Invest. (831-475-6200)