137 Clay Street

Santa Cruz, CA 95060

$1,970,000
Price
Beds
3,920 Sq. Ft.
$503 / Sq. Ft.
3,920
Sq. Ft.
$503
per Sq. Ft.

Description

Rare 5 Unit Multi-Res opportunity on a large, 8,120 sq ft property, on a quiet street in the heart of all things Santa Cruz w/six off street private parking spaces in rear + on-street option. 2 separate buildings; Craftsman style SFR main residence in front, w/2BD/1BA, hardwood floors in the living/dining areas, w/traditional period inspired built-ins, creating a warm & welcoming space. Spacious kitchen, ample cabinetry, newer grout-free countertops, gas stove & convenient rear access to the common...Rare 5 Unit Multi-Res opportunity on a large, 8,120 sq ft property, on a quiet street in the heart of all things Santa Cruz w/six off street private parking spaces in rear + on-street option. 2 separate buildings; Craftsman style SFR main residence in front, w/2BD/1BA, hardwood floors in the living/dining areas, w/traditional period inspired built-ins, creating a warm & welcoming space. Spacious kitchen, ample cabinetry, newer grout-free countertops, gas stove & convenient rear access to the common area courtyard w/coin-operated laundry room. Behind the detached 2 BD house, discover a 2-story 4-unit complex, 2 ground floor + 2 upstairs units w/private deck/balcony areas. Some upgraded baths w/newer shower doors & vanities, laminate flooring, kitchens w/white cabinetry, original tile counters, electric stoves & wall heaters. Coin-operated laundry for all residents & common water heater for the 4 plex. Whether you choose to reside in a unit or invest in the rental earnings of all five units, this property offers a unique opportunity to experience the best of Santa Cruz with a rare chance to invest in downtown. Close proximity to all amenities of downtown Pacific, Ocean & Front streets, The Beach & Boardwalk, as well as transportation, no car needed! Photos taken prior to tenants.
  1. Listed by Sheila Feddema • DRE #01271425 • Brokerage DRE #00529069 • Sherman & Boone Realtors • 831-254-5088
  2. Listed by Sheila Giblin • DRE #02163029 • Brokerage DRE #00529069 • Sherman & Boone Realtors

Property Details for 137 Clay Street

MLS City Name
SANTA CRUZ
Building Type
Other
Style
Craftsman
Garage Spaces
0
Parking Spaces
6
Cross Street
Broadway

Location

Listing Courtesy of Sherman & Boone Realtors, Sheila Feddema, DRE #01271425; Sherman & Boone Realtors, Sheila Giblin, DRE #02163029
Add your commute
LISTING UPDATED: 03/19/2024 11:56 AM

Property Details for 137 Clay Street

StatusActive
MLS #ML81957015
Days on Compass50
Taxes$15,403 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1924
Lot Size0.19 AC / 8,102 SF
CountySanta Cruz County

Location

Listing Courtesy of Sherman & Boone Realtors, Sheila Feddema, DRE #01271425; Sherman & Boone Realtors, Sheila Giblin, DRE #02163029
Add your commute

Building Information for 137 Clay Street

Stories-Residences-Year Built1924Building Size-Lot Size0.19 AC / 8,102 SF

Payment Calculator

$12,035 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,751

Property Taxes

$1,284

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 137 Clay Street

Features
Room Information
  • Additional Rooms: Laundry Room
  • Kitchen: Countertop - Other, Countertop - Tile, Oven Range - Electric, Oven Range - Gas, Refrigerator
Features
  • Amenities: None
  • Energy Features: Low Flow Toilet
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Laminate, Tile, Vinyl / Linoleum
  • Laundry: Coin Operated, Washer / Dryer
  • Living SqFt: 3920
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public, Sewer Connected, Sewer in Street
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, Off-Street Parking, On Street, Uncovered Parking
Property Details
Homeowners Association
  • HOA Amenities: BBQ Area, Common Utility Room
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: West Santa Cruz
  • Roof: Composition, Shingle, Tar and Gravel
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 137
  • Street Name: Clay
  • Street Suffix: Street
  • Area ID: 43
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 3920
  • Structure SqFt Source: Assessor
  • Age: 100
Development Information
  • Construction Type: Wood, Wood Frame
  • Ownership Type: Trust
  • Zoning Detail: R-M
Location Information
  • City Limits: Yes
  • Directions: From NB Hwy 1 take Morrissey exit, cont. on Morrissey, Rt on Water, L on Poplar, R on Soquel, L on Ocean, R on Broadway, L on Clay, property on the right. From SB Hwy 17/1, Take Ocean Street, Right on Broadway, L on Clay.
  • Incorporated: Yes
  • Parcel Number: 007-402-10-000
  • County Name: Santa Cruz
  • City Name: SANTA CRUZ
  • City Postal ID: 64
  • Postal Code: 95060
  • Elementary School District: 840
  • High School District Text: Santa Cruz City High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .19
  • Lot Description: Grade - Level, Paved
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Balcony / Patio
Multi Family Information
Building Information
  • No Of Leased: 5
General Information
  • Annual Tax Amount: $15,403
  • Capitalization Rate: 4.73
  • Tenant Expenses: Miscellaneous/Other, Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Income Includes: Coin Operated Equip, Laundry, Other
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $2,801
  • Expense Landscape: $1,680
  • Expense Maintenance: $3,505
  • Expense Management: $11,944
  • Expense Trash: $400
  • Expenses Other: $451
  • Expenses Utility: $11,837
  • Expenses Total: $48,021
  • Operating Expenses Include: Accounting/Legal, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Laundry, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities, Utilities - Water
  • Gross Rent Multiplier: 13.98
  • Income Annual Gross: $141,085
  • Income Annual Rental: $134,820
  • Income Gross Scheduled: $141,085
  • Income Other: $6,265
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,700
Unit 2 Information
  • Unit 2 Approx Square Footage: 660
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,090
Unit Type 1
  • Unit Type1 Approx SqFt: 1280

Property History for 137 Clay Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 137 Clay Street

Taxable ValueLand$866,386Additions$462,073Total$1,328,459
Tax Record2023$15,403 ($1,284 / month)
Home Facts
Baths5Total Finished SqFt1,280 SqFtAbove Grade Finished SqFt1,280 SqFtStories2Lot Size8,102 SqFtStyleMulti-Family Res (5+ Units)Year Built1924Year Renovated1960CountySANTA CRUZAPN007-402-10

Schools near 137 Clay Street

This home is within Santa Cruz City High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Gault Elementary School
PublicK to 5

Mission Hill Middle School
Public6 to 8

Harbor High School
Public9 to 12

Santa Cruz High School
Public9 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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137 Clay Street is a multi-family home for sale in Santa Cruz, CA 95060. This property was listed for sale on March 9, 2024 by Sherman & Boone Realtors, it's currently listed at $1,970,000. It has been on the market for a total of 50 days and was last sold on January 5, 2015. This listing's school districts are Santa Cruz City High School District, Santa Cruz City Elementary School District. Nearby schools include Gault Elementary School, Mission Hill Middle School and Harbor High School. 137 Clay Street is a 0-bed, 0-bath, 3,920 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sherman & Boone Realtors, Sheila Feddema, DRE #01271425; Sherman & Boone Realtors, Sheila Giblin, DRE #02163029

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.