142-144 Morrissey Boulevard

Santa Cruz, CA 95062

$2,379,900
Price
Beds
3,858 Sq. Ft.
$617 / Sq. Ft.
3,858
Sq. Ft.
$617
per Sq. Ft.

Description

Rare Multi family Property on a Large 14,500 Sq Foot Lot, Amazing Location with Easy Walk to Shopping and Restaurants! Property is always rented! Four-plex currently but could add ADU! Huge Lot to check with City to build more units! Most Multi family lot sizes are 6000 - 7000 Sq Ft Lots, this lot has huge potential for remodeling to larger units and increasing rents! Current rents over $10K per month. Easy access to freeways!Rare Multi family Property on a Large 14,500 Sq Foot Lot, Amazing Location with Easy Walk to Shopping and Restaurants! Property is always rented! Four-plex currently but could add ADU! Huge Lot to check with City to build more units! Most Multi family lot sizes are 6000 - 7000 Sq Ft Lots, this lot has huge potential for remodeling to larger units and increasing rents! Current rents over $10K per month. Easy access to freeways!
  1. Listed by Paul Middione • DRE #01128390 • Brokerage DRE #01166904 • The Property Network • 408-592-7906
  2. Listed by Angel Zapien • DRE #02202568 • Brokerage DRE #01166904 • The Property Network

Property Details for 142-144 Morrissey Boulevard

MLS City Name
SANTA CRUZ
Building Type
FOURPLEX
Garage Spaces
2
Parking Spaces
4

Location

Listing Courtesy of The Property Network, Paul Middione, DRE #01128390; The Property Network, Angel Zapien, DRE #02202568
Add your commute
LISTING UPDATED: 06/01/2024 12:13 PM

Property Details for 142-144 Morrissey Boulevard

StatusActive
MLS #ML81963879
Days on Compass27
Taxes$29,700 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1970
Lot Size0.33 AC / 14,549 SF
CountySanta Cruz County

Location

Listing Courtesy of The Property Network, Paul Middione, DRE #01128390; The Property Network, Angel Zapien, DRE #02202568
Add your commute

Building Information for 142-144 Morrissey Boulevard

Stories1Residences4Year Built1970Building Size-Lot Size0.33 AC / 14,549 SF

Payment Calculator

$15,463 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,988

Property Taxes

$2,475

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 142-144 Morrissey Boulevard

Features
Features
  • Fireplace: No
  • Flooring: Laminate, Tile, Vinyl / Linoleum
  • Laundry: Washer / Dryer, Washer/Dryer - Some Units
  • Living SqFt: 3858
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage, Off-Street Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: East Santa Cruz
  • Roof: Composition
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 142-144
  • Street Name: Morrissey
  • Street Suffix: Boulevard
  • Area ID: 42
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 2
  • Structure SqFt: 3858
  • Structure SqFt Source: Assessor
  • Age: 54
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R3
Location Information
  • Parcel Number: 009-361-16-000
  • County Name: Santa Cruz
  • City Name: SANTA CRUZ
  • City Postal ID: 64
  • Postal Code: 95062
  • Elementary School District: 840
  • High School District Text: Santa Cruz City High
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Horse Property: No
  • Lot Acres: .33
  • 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: 4
General Information
  • Annual Tax Amount: $29,700
  • Building Unit Total: 4
  • Capitalization Rate: 3.18
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Income Includes: None
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $4,100
  • Expense Landscape: $1,800
  • Expense Maintenance: $4,800
  • Expense Management: $0
  • Expense Trash: $3,240
  • Expenses Other: $4,850
  • Expenses Utility: $3,360
  • Expenses Total: $51,850
  • Operating Expenses Include: None
  • Gross Rent Multiplier: 18.67
  • Income Annual Gross: $127,500
  • Income Annual Rental: $127,500
  • Income Gross Scheduled: $127,500
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $3,250
Unit 2 Information
  • Unit 2 Approx Square Footage: 1508
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 0
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,950
Unit 3 Information
  • Unit 3 Approx Square Footage: 798
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Half Bathrooms: 0
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $1,925
Unit 4 Information
  • Unit 4 Approx Square Footage: 340
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $2,500
Unit Type 1
  • Unit Type1 Approx SqFt: 1556

Property History for 142-144 Morrissey Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 142-144 Morrissey Boulevard

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
De Laveaga Elementary School
PublicK to 5

Mission Hill Middle School
Public6 to 8

Santa Cruz High School
Public9 to 12

Soquel 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.

Similar Homes

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142-144 Morrissey Boulevard is a multi-family home for sale in Santa Cruz, CA 95062. This property was listed for sale on May 20, 2024 by The Property Network, it's currently listed at $2,379,900. This listing's school districts are Santa Cruz City High School District, Santa Cruz City Elementary School District. Nearby schools include De Laveaga Elementary School, Mission Hill Middle School and Santa Cruz High School. 142-144 Morrissey Boulevard is a 0-bed, 0-bath, 3,858 sqft multi-family home built in 1970.

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 The Property Network, Paul Middione, DRE #01128390; The Property Network, Angel Zapien, DRE #02202568

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.