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2735 Soquel Ave

12 Unit Apartment Building $2,999,999 ($250,000/Unit) 4% Cap Rate Santa Cruz, CA 95062

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Executive Summary

First time on the market in over 30 years! Located in the central Live Oak neighborhood, this rare residential income property is nearly a half-acre parcel with C-4 zoning, consisting of a 2-story 9-unit apartment building, a single family home, and a separate duplex facing Soquel Avenue. Situated on a main bus route, close proximity to Highway 1 for easy commuting, with over 15 parking spaces. Opportunities abound for commercial developers, investors looking to grow their portfolio, or a homeowner looking to live in one of the homes while generating strong income from the others!

Property Facts

Price	$2,999,999	Apartment Style	Low Rise
Price Per Unit	$250,000	Building Class	C
Sale Type	Investment	Lot Size	0.40 AC
Cap Rate	4%	Building Size	5,576 SF
Gross Rent Multiplier	13	Average Occupancy	90%
No. Units	12	No. Stories	2
Property Type	Multifamily	Year Built	1900
Property Subtype	Apartment General Retail Storefront Retail/Residential	Parking Ratio	2.69/1,000 SF

Price	$2,999,999
Price Per Unit	$250,000
Sale Type	Investment
Cap Rate	4%
Gross Rent Multiplier	13
No. Units	12
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Low Rise
Building Class	C
Lot Size	0.40 AC
Building Size	5,576 SF
Average Occupancy	90%
No. Stories	2
Year Built	1900
Parking Ratio	2.69/1,000 SF

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2735 Soquel Ave, Santa Cruz, CA - aerial map view

Bike Score ®

Biker's Paradise (96)

What is a Walk Score®, Transit Score® & Bike Score®?

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Walk Score® measures the walkability

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measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	025-131-19-000	Improvements Assessment	$319,016
Land Assessment	$442,963	Total Assessment	$761,979

PROPERTY TAXES

Parcel Number

025-131-19-000

Land Assessment

$442,963

Improvements Assessment

$319,016

Total Assessment

$761,979

zoning

Zoning Code	C-4
C-4

Listing ID: 34332962
Date on Market: 12/31/2024
Last Updated:
Address: 2735 Soquel Ave, Santa Cruz, CA 95062

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2735 Soquel Ave, Santa Cruz, CA for sale Building Photo- Image 1 of 5 — Building Photo

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