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Jim, Justin and Vickie, Sales Associate
SOLD
$3,100,000
Date 01/03/2024

145 Canfield Avenue
Santa Cruz, CA 95060

Business Opportunities
Residence
7,839
Sqft
0.359
Lot Size
Listing Agent: Daniel Oster CalDRE: 01381869 - Coldwell Banker Realty

Description for 145 Canfield Avenue Santa Cruz, CA 95060

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.

Property Details

ML81947326
Business Opportunities, Other
Santa Cruz
1958
0.359 Acres
Public
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Listing Agent: Daniel Oster CalDRE: 01381869 - Coldwell Banker Realty
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Jim, Justin and Vickie Dean Stalter, Broker DRE# 00625377 - 30221 Golden Lantern Ste. A-B, Laguna Niguel, CA 92677 | Phone: (949) 464-8136 | Email: [email protected]

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