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$2,250,000   Price Analysis
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2895 Capitola Rd
Santa Cruz, CA 95062
10 bed 4 bath 3,284 SqFt ($685/SqFt)
0.31 acre lot. Built 1965
Listed 2024-04-29, Taxes $19,716
Ⓧ USDA Ineligible
due to price & location

near Santa Cruz

Upgraded and clean 4-plex in coveted Santa Cruz location.

Ne ar Capitola Mall, shopping, beaches on bus line for tenants. Rare to find 4-plex with two 3Br and two 2BR units. All have been nicely updated by current owner. Upgrades include all doublepane windows, plank flooring, paint, carpets, updated bath room with tile shower.

Kitchen upgrades include shaker style cabinets, gas cooktop, updated quartz countertops. The heavy lifting of updating units and getting rents t market has been done. Solid investment. Must see for any Santa Cruz investors.


Presented by Andy Kay at
eXp Realty of California Inc.
Listing Agent Photo

Property MLS #ML81963478 from MLSListings

Bedrooms: 10

Cooktop - Gas
Countertop - Synthetic
Exhaust Fan
Refrigerator

Full Bathrooms: 4

Heating Features: Gas Heating, Wall Furnace

Lot Size Acres: 0.306
Lot Size Source: Assessor
Lot Size Square Feet: 13329

Parking Features: Off-Street Parking, Parking Area
Parking Total: 10

Yard: Back Yard, Balcony / Patio, BBQ Area

Association: No
Calculated Total Monthly Association Fees: 0
Gardener Expense: 2580

Number of Buildings: 1
Number of Units: 4
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 3
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Unit 1 Total Actual Rent: 3600
Unit 2 Total Actual Rent: 3600
Unit 3 Total Actual Rent: 2900
Unit 4 Total Actual Rent: 2900

Elementary School District: Live Oak Elementary
High School District: Santa Cruz City High

Mission Hill Middle School is a public middle school located approximately 3.5 miles away.
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Live Oak Elementary School is a public elementary school located approximately 0.5 miles away.
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The Bay School is a private elementary, middle and high school located approximately 0.7 miles away.
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Cypress Charter High School is a public high school located approximately 0.8 miles away.
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Gross Scheduled Income: 156000
Income Includes: Laundry

Horse Amenities: No

Annual Tax Amount: 28677
Source Listing Status: Active
County: Santa Cruz
Directions: Fourplex in back on right
Source Property Type: Residential Income (2-4 units)
Inclusions: Building, Land, Oven/Range - All Units, Updated Bath(s) - All Units, Updated Kitchen - All Units
Insurance Expense: 3600
Area: Live Oak
Source Neighborhood: Live Oak
Parcel Number: 031-071-26-000
Postal City: SANTA CRUZ
Trash Expense: 2500
Zoning: RM-3
Property Subtype: Fourplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$437,458 + $984,282
$1,421,740
$19,716
2021$420,471 + $946,061
$1,366,532
$18,595
2021$428,881 + $964,982
$1,393,863
$18,595
2020$416,160 + $936,360
$1,352,520
$18,346
2019$408,000 + $918,000
$1,326,000
$17,942
2018$400,000 + $900,000
$1,300,000
$17,570
2017$445,638 + $450,943
$896,581
$13,122
2016$436,900 + $442,101
$879,001
$12,801
2015$430,337 + $435,460
$865,797
$12,456
2014$421,907 + $426,930
$848,837
$12,224
2013$267,352 + $318,275
$585,627
$9,330
2012$262,110 + $312,034
$574,144
$9,146
2011$256,971 + $305,916
$562,887
$8,920
2010$255,050 + $303,630
$558,680
$8,759
2009$255,656 + $304,351
$560,007
$8,704
2008$250,643 + $298,383
$549,026
$8,349
2007$245,728 + $292,532
$538,260
$8,173

Listed 2024-04-29
$2,250,000
MLSListings
Sold 2017-09-29
$1,300,000
Public Record
Sold 2013-03-04
$845,000
Public Record
Sold 1999-05-28
$510,000
Public Record
Sold 1989-01-11
$208,000
Public Record
Sold 1975-08-15
$61,000
Public Record
Sold 1971-11-17
$52,000
Public Record
Sold 1970-03-20
$43,000
Public Record

Operating Expense: 39457
Operating Expense Includes: Fee - Property Tax, Insurance, Services - Gardener, Services - Trash Removal, Utilities - Water

Total Square Feet Living: 3284
Year Built: 1965
Foundation Details: Concrete Grid
Property Age: 59
Roof: Flat / Low Pitch
Total Area Sqft: 3284
Year Built Source: Assessor

Sewer: Sewer - Public
Individual Electric Meters
Individual Gas Meters
Public Utilities
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.