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4602 Scotts Valley Dr

Scotts Valley, CA 95066
  • $2,795,000
  • STATUS: Active Under Contract
  • ON SITE: 87 Days
  • ID#: ML81898741
Under Contract
UPDATED: 14 min ago
$2,795,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,364
    SQFT
  • $521
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1981
County:

School Ratings & Info

Description

Over 5% GO In CAP Rate.Rents just went Up; price went down. Price reduced and new scheduled rents(last increase effective 11/1/2022) w recent rent increases up an additional $950/mo adding over $200K in Value. Extremely rare opportunity to own an outstanding multi-res property in fantastic core Scotts Valley location. Scotts Valley known for best schools in county, ideal for commuters to Silicon Valley and Santa Cruz County, fun small town USA. Right on Scotts Valley Dr so convenient to all of town. The property is over 1/2Ac- 24,263 sq ft, providing upside/value add through increasing density or other development options. Go in 4.67% Cap Rate w/over $3500/mo loss to lease w some legacy tenants is a short term option to improve yield. All units set back from street. Rear of property has nice creek setting. Current configuration provides over 20 parking spaces. 4 of 6 units have been updated. New roof in 2017 Easy to own solid investment property now one to hold and enjoy long term.

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© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-09-27T13:49:15.513. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California, Inc.

Licensed in the State of California.
www.bayarearealestatesearch.com/homes/130506326
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4602 Scotts Valley Dr Scotts Valley, CA 95066

  • Price: $2,795,000
  • Status: Active Under Contract
  • On Site: 87 Days
  • Updated: 14 min ago
  • ID#: ML81898741
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,364
SQFT
$521
$/SQFT
1981
Built
Neighborhood:
Scotts Valley
County:
Santa Cruz
Area:
Scotts Valley
Property Description
Over 5% GO In CAP Rate.Rents just went Up; price went down. Price reduced and new scheduled rents(last increase effective 11/1/2022) w recent rent increases up an additional $950/mo adding over $200K in Value. Extremely rare opportunity to own an outstanding multi-res property in fantastic core Scotts Valley location. Scotts Valley known for best schools in county, ideal for commuters to Silicon Valley and Santa Cruz County, fun small town USA. Right on Scotts Valley Dr so convenient to all of town. The property is over 1/2Ac- 24,263 sq ft, providing upside/value add through increasing density or other development options. Go in 4.67% Cap Rate w/over $3500/mo loss to lease w some legacy tenants is a short term option to improve yield. All units set back from street. Rear of property has nice creek setting. Current configuration provides over 20 parking spaces. 4 of 6 units have been updated. New roof in 2017 Easy to own solid investment property now one to hold and enjoy long term.
Exterior Features

Foundation Concrete Perimeter Garage Parking Guest / Visitor ParkingOff-Street ParkingParking AreaUncovered Parking Lot Description Grade - LevelGrade - Sloped Down Number Of Buildings 2 Pool YN No Roof CompositionConcreteTile Units In Complex Min 7 Yard Grounds Balcony / PatioDeckLow Maintenance

Interior Features

Beds Unit1 2 Beds Unit2 2 Cooling None Flooring CarpetVinyl / LinoleumOther Heating Central Forced Air - Gas Sq Ft Unit1 756 Structure Sq Ft 5364

Property Features

Accessibility Features Parking Additional Listing Info Not Applicable City Limits Yes City Name Scotts Valley Hoa YN No Lot Size Area Maximum 24263.00 Meters Master WaterSeparate ElectricSeparate Gas Rent Unit2 1700 Rent Unit3 1040 Restrictions None Security Features None Sewer Septic Sewer - PublicSewer Connected Sq Ft Source Other Utilities Individual Electric MetersIndividual Gas MetersPublic Utilities Water Public Zoning Cs

© 2022 MLSListings Inc. All rights reserved. Listing provided courtesy of Andy Kay of Exp Realty Of California Inc: 831-239-9002.


© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-09-27T13:49:15.513. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California, Inc.

Licensed in the State of California.
 
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eXp Realty of California, Inc
6203 San Ignacio Avenue, Suite 110
San Jose CA, 95119