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4602 Scotts Valley Drive

Scotts Valley, CA 95066
  • $2,695,000
  • STATUS: Active
  • ON SITE: 212 Days
  • ID#: ML81898741
UPDATED: 51 min ago
$2,695,000
  • 0
    BEDS
  • 0.56
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,364
    SQFT
  • $502
    $/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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Contra Costa Association of Realtors logo Bay East ©2023. CCAR ©2023. bridgeMLS ©2023. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2023-01-30T19:38:00.32.

www.beardrealtyteam.com/homes/130507322
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4602 Scotts Valley Drive Scotts Valley, CA 95066

  • Price: $2,695,000
  • Status: Active
  • On Site: 212 Days
  • Updated: 51 min ago
  • ID#: ML81898741
0
Beds
0
Baths
0
½ Baths
0.56
Acres
5,364
SQFT
$502
$/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

Attached Garage YN No Carport YN No Garage YN No Lot Size Area 0.56 Parking Features GuestParking Lot Parking Spaces Total 20 Roof Shingle

Interior Features

Appliances Refrigerator Building Area Total 5364 Cooling None Cooling YN No Flooring Other Heating Forced Air Heating YN Yes

Property Features

Age 41 For Sale Or Rent For Sale Lot Features Level Present Use 372618 Property Sub Type Other Sewer Public Sewer Water Source Public Zoning Cs

Contra Costa Association of Realtors logo Listing courtesy of Andy Kay of Exp Realty Of California Inc: [IDXCONTACTINFORMATION].


Contra Costa Association of Realtors logo Bay East ©2023. CCAR ©2023. bridgeMLS ©2023. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2023-01-30T19:38:00.32.

 
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