Leibrandt Apartments | 317 Leibrandt Ave
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Leibrandt Apartments 317 Leibrandt Ave
7 Unit Apartment Building $1,650,000 ($235,714/Unit) 6.85% Cap Rate Santa Cruz, CA 95060
Investment Highlights
- Steps from the Santa Cruz Boardwalk, beaches, and downtown amenities
- Charming Coastal Property
- Convenient Transportation
- Fully Leased 7-Unit Apartment Building
- Street Frontage and Easy access
Executive Summary
Team Singh is delighted to offer this fully leased 7-unit apartment building. This meticulously maintained property, built in 1940, is situated in a prime location just steps from the Santa Cruz Boardwalk and beaches. The property provides stable and consistent income, making it an ideal turnkey investment.
Each of the seven units attracts long-term tenants, ensuring a reliable revenue stream in one of California’s most desirable coastal markets. The property’s proximity to downtown Santa Cruz enhances its appeal, offering tenants easy access to shopping, dining, and entertainment.
This is an exceptional opportunity to invest in a thriving beachside community with year-round demand. Contact Team Singh today to schedule a private viewing and learn more about this rare investment offering!
Each of the seven units attracts long-term tenants, ensuring a reliable revenue stream in one of California’s most desirable coastal markets. The property’s proximity to downtown Santa Cruz enhances its appeal, offering tenants easy access to shopping, dining, and entertainment.
This is an exceptional opportunity to invest in a thriving beachside community with year-round demand. Contact Team Singh today to schedule a private viewing and learn more about this rare investment offering!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | 300 - 330 |
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Walk Score ®
Very Walkable (88)
Bike Score ®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 007-103-10-000 | Total Assessment | $290,033 |
| Land Assessment | $146,477 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $143,556 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
007-103-10-000
Land Assessment
$146,477
Improvements Assessment
$143,556
Total Assessment
$290,033
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Ujjal Singh -
Mandheraj Singh -
Applied Commercial
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Leibrandt Apartments | 317 Leibrandt Ave
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