Blue Bell Apartments | 120 Trinity St
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Blue Bell Apartments 120 Trinity St
11 Unit Apartment Building $3,900,000 ($354,545/Unit) 5.22% Cap Rate Santa Cruz, CA 95060
Investment Highlights
- 0.1mi from Santa Cruz Beach Boardwalk and area beaches
Executive Summary
11 unit garden style apartment building in the desirable Beach Hill area of Santa Cruz, CA. RTB Zone District with Coastal Zone Overlay gives this unique property development opportunities, or keep as is for rental income. Property is fully occupied. Comprised of 3 buildings, all units are ground level. Unit mix is 8 1 bedrooms and 3 studios. Laundry room is on-site. 0.1 mile to Santa Cruz Beach Boardwalk and area beaches. Seller can carry partial.
Data Room Click Here to Access
- Offering Memorandum
- Third Party Reports
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,900,000 | Building Class | C |
| Price Per Unit | $354,545 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 5,224 SF |
| Cap Rate | 5.22% | Average Occupancy | 0% |
| No. Units | 11 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1939 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $3,900,000 |
| Price Per Unit | $354,545 |
| Sale Type | Investment |
| Cap Rate | 5.22% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 5,224 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1939 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Refrigerator
- Oven
- Tub/Shower
- Pantry
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 8 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 007-102-16-000 | Total Assessment | $2,056,564 (2023) |
| Land Assessment | $1,287,767 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $768,797 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
007-102-16-000
Land Assessment
$1,287,767 (2023)
Improvements Assessment
$768,797 (2023)
Total Assessment
$2,056,564 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | RTB (RTB Zoning (Tourist, Residential, Motel) with Coastal Zone Overlay) |
| RTB (RTB Zoning (Tourist, Residential, Motel) with Coastal Zone Overlay) |
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Blue Bell Apartments | 120 Trinity St
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