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4602 Scotts Valley Drive

Scotts Valley, CA 95066
  • $2,795,000
  • STATUS: Active Under Contract
  • ON SITE: 84 Days
  • ID#: ML81898741
Under Contract
UPDATED: 187 min ago
$2,795,000
  • 0
    BEDS
  • 0.56
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1981
County:

School Ratings & Info

School District:
Listing Agent(s): Andy Kay of Exp Realty Of California Inc ((888) 584-942---)


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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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-25T00:27:48.383. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Better Living SoCal. Licensed in the State of California, USA.
www.betterlivingsocalhomes.com/homes/130523100
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4602 Scotts Valley Drive Scotts Valley, CA 95066

  • Price: $2,795,000
  • Status: Active Under Contract
  • On Site: 84 Days
  • Updated: 187 min ago
  • ID#: ML81898741
0
Beds
0
Baths
0
½ Baths
0.56
Acres
1981
Built
Neighborhood:
699 - Not Defined
County:
Santa Cruz
Area:
699 - Not Defined
School District:
Other
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

Carport Spaces 0 Lot Features Sloped DownLevel Parking Total 20 Roof CompositionConcreteTile

Interior Features

Cooling None Cooling YN No

Property Features

Association Fee 0 Gross Scheduled Income 204280 Insurance Expense 5041 Listing Agreement Exclusive Right To Sell Maintenance Expense 3000 Other Expense 0 Special Listing Conditions Standard Tax Annual Amount 32566 Trash Expense 0 Water Source Public Zoning Cs



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-25T00:27:48.383. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Better Living SoCal. Licensed in the State of California, USA.
 
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Better Living SoCal
250 El Camino Real #104
Tustin CA, 92780
Listing Agent(s): Andy Kay of Exp Realty Of California Inc ((888) 584-942---)