1770 48th Avenue

Capitola, CA 95010

$1,720,000
Last Sold Price
Beds
3,072 Sq. Ft.
$560 / Sq. Ft.
3,072
Sq. Ft.
$560
per Sq. Ft.

Description

Fantastic 4-Plex in Capitola By The Sea! This is a great multi-family investment opportunity in a prime beach neighborhood! Building has value add and upside rent potential with current rents at $96,840 per annum. Upgrade at your own pace. All units currently occupied with long-standing tenants. Each unit is 2BD, 1BA, approx. 768SqFt. Carport space for each unit with storage, coin-op laundry, large shared deck. EVERYTHING is within walking distance! Drop down into beautiful Capitola Village and Beaches...Fantastic 4-Plex in Capitola By The Sea! This is a great multi-family investment opportunity in a prime beach neighborhood! Building has value add and upside rent potential with current rents at $96,840 per annum. Upgrade at your own pace. All units currently occupied with long-standing tenants. Each unit is 2BD, 1BA, approx. 768SqFt. Carport space for each unit with storage, coin-op laundry, large shared deck. EVERYTHING is within walking distance! Drop down into beautiful Capitola Village and Beaches or walk to 41st for all shopping, dining, etc. So many possibilities: make upstairs into one large living space and rent downstairs units to create your dream beach retreat? This established neighborhood is a quiet enclave in one of the most desirable areas of Santa Cruz County!
  1. Listed by Ashley Haut • DRE #01823794 • Wellington Dev. & Invest. • 831-234-2526

Property Details for 1770 48th Avenue

MLS City Name
CAPITOLA
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
0
Cross Street
Capitola Road

Location

Listing Courtesy of Wellington Dev. & Invest., Ashley Haut, DRE #01823794

Sold By Monterey Bay Properties, Robert Deacon, DRE #00578842

Add your commute
LISTING UPDATED: 10/06/2022 03:54 PM

Property Details for 1770 48th Avenue

StatusSold
MLS #ML81902332
Days on Compass17
Taxes$11,584 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1964
Lot Size0.08 AC / 3,615 SF
CountySanta Cruz County

Location

Listing Courtesy of Wellington Dev. & Invest., Ashley Haut, DRE #01823794

Sold By Monterey Bay Properties, Robert Deacon, DRE #00578842

Add your commute

Building Information for 1770 48th Avenue

Stories2Residences4Year Built1964Building Size-Lot Size0.08 AC / 3,615 SF

Payment Calculator

$10,352 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,387

Property Taxes

$965

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1770 48th Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 3072
  • Pool: No
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 4
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Capitola
  • Roof: Flat / Low Pitch, Tar and Gravel, Other
  • Stories: 2.0
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 1770
  • Street Name: 48th
  • Street Suffix: Avenue
  • Area ID: 44
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3072
  • Structure SqFt Source: Assessor
  • Age: 58
Development Information
  • Zoning Detail: R
Location Information
  • Parcel Number: 034-023-23-000
  • County Name: Santa Cruz
  • City Name: CAPITOLA
  • City Postal ID: 8
  • Postal Code: 95010
  • Elementary School District: 870
  • High School District Text: Santa Cruz City High
Lot Information
  • Foundation: Concrete Perimeter, Pillars / Posts / Piers
  • Horse Property: Possible
  • Lot Acres: .08
  • Lot Description: Horses Possible
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
General Information
  • Annual Tax Amount: $11,584
  • Building Unit Total: 4
  • Capitalization Rate: 3.54
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Coin Operated Equip
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $2,698
  • Expense Landscape: $1,200
  • Expense Maintenance: $4,825
  • Expense Management: $7,747
  • Expense Trash: $1,824
  • Expenses Other: $949
  • Expenses Utility: $4,480
  • Expenses Total: $35,307
  • Operating Expenses Include: Fee - Property Management, Insurance, Maintenance, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 18.17
  • Income Annual Gross: $98,780
  • Income Annual Rental: $96,840
  • Income Gross Scheduled: $98,780
  • Income Other: $1,940
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,040
Unit 2 Information
  • Unit 2 Approx Square Footage: 768
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,040
Unit 3 Information
  • Unit 3 Approx Square Footage: 768
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,040
Unit 4 Information
  • Unit 4 Approx Square Footage: 768
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $1,950
Unit Type 1
  • Unit Type1 Approx SqFt: 768
Listing Info
Rental Info
  • Lease Type: Net

Property History for 1770 48th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1770 48th Avenue

This home is within Soquel Union Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Soquel Elementary School
PublicK to 5

Mission Hill Middle School
Public6 to 8

New Brighton Middle School
Public6 to 8

Harbor 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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Similar Sold Homes

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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 Wellington Dev. & Invest., Ashley Haut, DRE #01823794

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.