115 Stephen Road

Sold 4/26/16
Sold 4/26/16
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Last Sold Price
$1,320,000
4,416 sqft$299/sqft
115 Stephen Rd, Aptos, CA 95003

Description

Fantastic 5 unit investment property opportunity in the "Rio Del Mar" neighborhood of Aptos. Several units have been upgraded, separate meters for gas and electric. Common area laundry room for additional income. Potential to do vacation rentals given superb beach location. Owner's unit possibility as well. This property will allow an investor to acquire an ideally located multi-family asset in a niche Silicon Valley sub market with limited inventory.Fantastic 5 unit investment property opportunity in the "Rio Del Mar" neighborhood of Aptos. Several units have been upgraded, separate meters for gas and electric. Common area laundry room for additional income. Potential to do vacation rentals given superb beach location. Owner's unit possibility as well. This property will allow an investor to acquire an ideally located multi-family asset in a niche Silicon Valley sub market with limited inventory.
LISTING CLOSED: 04/26/2016 12:00 AM

  1. Listed by David Galant • DRE #01469241 • Brokerage DRE #00923161 • Atlantis Properties • 408-518-2770
  2. Listed by Louis Melo • DRE #00923161 • Brokerage DRE #00923161 • Atlantis Properties

Property Details for 115 Stephen Road

Status
Sold
MLS #
ML81521446
Days on Compass
173
Taxes
$12,062 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family 5+
MLS Type
5+ Units / Five or More Units
Year Built
1961
Lot Size
0.12 AC / 5,401 SF
County
Santa Cruz County
MLS City Name
APTOS
Building Type
Other
Garage Spaces
0
Parking Spaces
9

Recent comparable sales

Median sold price

$1,050,000

Avg days on market

72

Sale-to-list ratio

90.3%

Aptos, CA

9 comparable properties found

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Acres

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Acres

8040 Soquel Drive, Aptos, CA 95003

a side view of a house with wooden fence
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114 Falmouth Court, Aptos, CA 95003

a view of a house with wooden fence and a large tree
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Acres

2545 Mar Vista Drive, Aptos, CA 95003

$1,160,000 | 130-132 Bar Harbor Court, Aptos, CA 95003
1/2
5

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Bedrooms
Unavailable
Bathrooms
2,800
Square Feet
0.16
Acres

130-132 Bar Harbor Court, Aptos, CA 95003

front view of a building with a street
1/21
6

$2,235,250

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Bedrooms
Unavailable
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Square Feet
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Acres

112-116 Marina Avenue, Aptos, CA 95003

$250,000 | 347 Treasure Island Drive, Aptos, CA 95003
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$250,000

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Bedrooms
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Acres

347 Treasure Island Drive, Aptos, CA 95003

$565,000 | 0 Rio Del Mar Boulevard, Aptos, CA 95003
1/14
8

$565,000

Sold 06/15/26

Unavailable
Bedrooms
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Bathrooms
Unavailable
Square Feet
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Acres

0 Rio Del Mar Boulevard, Aptos, CA 95003

a front view of a house with a yard
1/34
9

$915,000

Sold 10/17/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.24
Acres

109 Verona Court, Aptos, CA 95003

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Location

Listing Courtesy of Atlantis Properties, David Galant, DRE #01469241; Atlantis Properties, Louis Melo, DRE #00923161

Sold By Navarro & Associates Realty, Elizabeth Hawkins, DRE #01229797

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Building Information for 115 Stephen Road

Stories-Residences-Year Built1961Building Size-Lot Size0.12 AC / 5,401 SF

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$7,715 per month

30 year fixed, 6.55% Interest

Principal and Interest

$6,709

Property Taxes

$1,005

HOA Dues

$0

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Property Information for 115 Stephen Road

Features
Features
  • Fireplace: No
  • Living SqFt: 4416
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Gas
  • Meters: Master Water, Separate Electric
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Common Parking Area, Parking Area, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: Rio Del Mar/Seascape
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 115
  • Street Name: Stephen
  • Street Suffix: Road
  • Area ID: 48
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 4416
  • Structure SqFt Source: Assessor
  • Age: 54
Development Information
  • Zoning Detail: RM-3
Location Information
  • Parcel Number: 042-141-31-000
  • County Name: Santa Cruz
  • City Name: APTOS
  • City Postal ID: 1
  • Postal Code: 95003
  • Elementary School District: 800
  • High School District Text: Pajaro Valley Unified
Lot Information
  • Foundation: Concrete Slab
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 5
General Information
  • Annual Tax Amount: $12,062
  • Capitalization Rate: 3.97
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $7,600
  • Expense Landscape: $600
  • Expense Maintenance: $4,620
  • Expense Management: $6,024
  • Expense Trash: $2,874
  • Expenses Other: $0
  • Expenses Utility: $3,200
  • Expenses Total: $36,980
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 15.10
  • Income Annual Gross: $92,380
  • Income Annual Rental: $91,680
  • Income Gross Scheduled: $92,380
  • Income Other: $700
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $1,600
Unit 2 Information
  • Unit 2 Approx Square Footage: 1200
  • Unit 2 Full Bathrooms: 2
  • Unit 2 Number of Bedrooms: 3
  • Unit 2 Rent: $1,695
Unit 3 Information
  • Unit 3 Approx Square Footage: 500
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $1,175
Unit 4 Information
  • Unit 4 Approx Square Footage: 1000
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $1,795
Unit 5 Information
  • Unit5 Full Baths: 1
Unit Type 1
  • Unit Type1 Approx SqFt: 1100

Property History for 115 Stephen Road

DateEvent & SourcePriceAppreciation
Apr 26, 2016

Sold

EBRD #ML81521446

$1,320,000—
Apr 26, 2016

Sold

MLSListings #ML81521446

$1,320,000—
Apr 26, 2016

Pending

EBRD #ML81521446

—
DateEvent & SourcePrice
04/26/2016

Sold

EBRD #ML81521446

$1,320,000
04/26/2016

Sold

MLSListings #ML81521446

$1,320,000
04/26/2016

Pending

EBRD #ML81521446

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 115 Stephen Road

Taxable ValueLand$1,528,371Additions$1,038,964Total$2,567,335
Tax Record2025$35,821 ($2,985 / month)
Home Facts
Total Finished SqFt4,416 SqFtAbove Grade Finished SqFt4,416 SqFtStories2Lot Size5,401 SqFtStyleMulti-Family Res (5+ Units)Year Built1961Year Renovated2018ZoningRM-3CountySANTA CRUZAPN042-141-31

Schools near 115 Stephen Road

This home is within Pajaro Valley Unified School District.
Rating
School
Type
Grades
Distance
Mar Vista Elementary School
Public - K to 6
Aptos Junior High School
Public - 7 to 8
Aptos High School
Public - 9 to 12
PVUSD Virtual Academy
Public - K to 12
Rating
School
Distance
Mar Vista Elementary School
PublicK to 6

Aptos Junior High School
Public7 to 8

Aptos High School
Public9 to 12

PVUSD Virtual Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 115 Stephen Road, Aptos, CA 95003
$1,320,000
–
–
4,416
5,401
113 Stephen Road, Aptos, CA 95003
$2,347,500
–
–
4,416
5,401
119 Stephen Road, Aptos, CA 95003
–
1
1
756
2,483
111 Stephen Road, Aptos, CA 95003
$1,467,500
4
1,489
1,830
116 Hainline Road, Aptos, CA 95003
$1,280,000
3
1,380
1,742
114 Hainline Road, Aptos, CA 95003
$713,750
3
1,380
1,785

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Atlantis Properties, David Galant, DRE #01469241; Atlantis Properties, Louis Melo, DRE #00923161

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.