148 Campbell St - Campbell & Broadway
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148 Campbell St - Campbell & Broadway
4 Unit Apartment Building Offered at $1,899,000 at a 6.54% Cap Rate in Santa Cruz, CA 95060
Executive Summary
Fantastic investment opportunity in unique fourplex with upside potential. Seize the chance to own a rare multi-residential fourplex featuring four individual detached homes, each with 2 bedrooms. Located just minutes from the beach and downtown, this fourplex presents an excellent opportunity for investors seeking rental income in Santa Cruz's thriving rental market or homeowners looking to offset their mortgage payments. Unlike typical multi-family properties, the four separate homes each have their own yard. With room for value-add improvements and increasing market rents, this property presents a lucrative opportunity for growth and increased ROI. Don't miss out on this exceptional investment opportunity with close proximity to downtown attractions, including the Santa Cruz Beach Boardwalk, Pacific Avenue shops, and vibrant nightlife.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$157,200
|
$58.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$157,200
|
$58.81
|
| Taxes |
$23,820
|
$8.91
|
| Operating Expenses |
$9,160
|
$3.43
|
| Total Expenses |
$32,980
|
$12.34
|
| Net Operating Income |
$124,220
|
$46.47
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $157,200 |
| Annual Per SF | $58.81 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $157,200 |
| Annual Per SF | $58.81 |
| Taxes | |
|---|---|
| Annual | $23,820 |
| Annual Per SF | $8.91 |
| Operating Expenses | |
|---|---|
| Annual | $9,160 |
| Annual Per SF | $3.43 |
| Total Expenses | |
|---|---|
| Annual | $32,980 |
| Annual Per SF | $12.34 |
| Net Operating Income | |
|---|---|
| Annual | $124,220 |
| Annual Per SF | $46.47 |
Property Facts
| Price | $1,899,000 | Lot Size | 0.24 AC |
| Price Per Unit | $474,750 | Building Size | 2,673 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.54% | No. Stories | 1 |
| Gross Rent Multiplier | 15 | Year Built | 1908 |
| No. Units | 4 | Parking Ratio | 1.87/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Apartment Style | Single Family Home |
| Price | $1,899,000 |
| Price Per Unit | $474,750 |
| Sale Type | Investment |
| Cap Rate | 6.54% |
| Gross Rent Multiplier | 15 |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Single Family Home |
| Lot Size | 0.24 AC |
| Building Size | 2,673 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1908 |
| Parking Ratio | 1.87/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 007-402-01-000 | Total Assessment | $552,723 (2023) |
| Land Assessment | $370,665 (2023) | Annual Taxes | $23,820 ($8.91/SF) |
| Improvements Assessment | $182,058 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
007-402-01-000
Land Assessment
$370,665 (2023)
Improvements Assessment
$182,058 (2023)
Total Assessment
$552,723 (2023)
Annual Taxes
$23,820 ($8.91/SF)
Tax Year
2024
-
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148 Campbell St - Campbell & Broadway
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