3230-3240 Mission Drive

Santa Cruz, CA 95065

$3,500,000
Price
Beds
5,672 Sq. Ft.
$617 / Sq. Ft.
5,672
Sq. Ft.
$617
per Sq. Ft.

Description

Delightful Village of 6 Residences, with 3 stand-alone Homes plus 3 Townhome-style units and 2 Outbuildings. All this on a large garden parcel with ample yards and plenty of off-street parking on a prime Mid-County location! The Original 3 BR/1.5 Bath Home sits back from Mission Dr behind a charming entry pergola and picket-fenced front yard with lush garden. In its large back yard is an outbuilding with potential for conversion to an ADU. Next down the driveway are 3 Townhome-style units, each with...Delightful Village of 6 Residences, with 3 stand-alone Homes plus 3 Townhome-style units and 2 Outbuildings. All this on a large garden parcel with ample yards and plenty of off-street parking on a prime Mid-County location! The Original 3 BR/1.5 Bath Home sits back from Mission Dr behind a charming entry pergola and picket-fenced front yard with lush garden. In its large back yard is an outbuilding with potential for conversion to an ADU. Next down the driveway are 3 Townhome-style units, each with private back yards: Two have 2-story 2/1.5 985 SF floorplans and the third has a 2/1 single-level 830 SF floorplan with an adjacent garage that offers potential to expand to a 3/2 of 1030 SF. At the back of the property are the final 2 standalone homes, each of which has an attached garage offering room to add another bedroom and bath. One has a 2/1 floorplan in 911 SF, expandable to 1111 SF, and the other has a 2/1.5 floorplan in 982 SF, expandable to 1182 SF plus an outbuilding with potential for conversion to yet another ADU. Research shows Market GSI of $300K as-is, with upside if you convert the garages and ADUs. Additional opportunities abound with a tentative map and TIC docs ready to file, and an adjoining parcel offered separately that is entitled for development of 21 units.
  1. Listed by Datta Khalsa • DRE #01161050 • Brokerage DRE #02114145 • Main Street Realtors • 831-818-0181

Property Details for 3230-3240 Mission Drive

MLS City Name
SANTA CRUZ
Building Type
Other
Style
Traditional
Garage Spaces
3
Parking Spaces
8
View
Garden / Greenbelt
Cross Street
Soquel Dr

Location

Listing Courtesy of Main Street Realtors, Datta Khalsa, DRE #01161050
Add your commute
LISTING UPDATED: 04/14/2024 12:20 AM

Property Details for 3230-3240 Mission Drive

StatusActive
MLS #ML81960512
Days on Compass26
Taxes$42,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1975
Lot Size0.47 AC / 20,604 SF
CountySanta Cruz County

Location

Listing Courtesy of Main Street Realtors, Datta Khalsa, DRE #01161050
Add your commute

Building Information for 3230-3240 Mission Drive

Stories-Residences-Year Built1975Building Size-Lot Size0.47 AC / 20,604 SF

Payment Calculator

$22,601 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,101

Property Taxes

$3,500

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3230-3240 Mission Drive

Features
Room Information
  • Additional Rooms: Artist Studio
  • Kitchen: Cooktop - Gas, Countertop - Tile, Exhaust Fan
Features
  • Amenities: None
  • Communications: Cable TV
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile
  • Laundry: Washer / Dryer
  • Living SqFt: 5672
  • Pool: No
  • Security Features: Other
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan
  • Heating: Gas, Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public, Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities, Other
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage, Off-Street Parking, Private / Exclusive, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Exterior: Wood
  • Min Num Of Units in Complex: 6
  • Area Text: Soquel
  • Restrictions: Age - No Restrictions, Pets - Allowed
  • Roof: Composition
  • Subclass: Five or More Units
  • TIC Agreement: Yes
  • Year Built Source: Assessor
  • Street Number: 3230-3240
  • Street Name: Mission
  • Street Suffix: Drive
  • Area ID: 46
Lot / Property Details
Building Information
  • Number of Buildings: 4
  • Structure SqFt: 5672
  • Structure SqFt Source: Other
  • Age: 49
Development Information
  • Construction Type: Wood
  • Ownership Type: Trust
  • Zoning Detail: RM-3
Location Information
  • City Limits: No
  • Directions: Near Dominican Satellite Offices
  • Incorporated: No
  • Parcel Number: 025-341-15-000
  • County Name: Santa Cruz
  • City Name: SANTA CRUZ
  • City Postal ID: 64
  • Postal Code: 95065
  • Elementary School: 873
  • Elementary School District: 870
  • Middle School Text: New Brighton Middle
  • High School District Text: Santa Cruz City High
  • High School Text: Harbor High
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Lot Acres: .47
  • Lot Description: Grade - Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: No
Multi Family Information
Building Information
  • No Of Leased: 6
General Information
  • Annual Tax Amount: $42,000
  • Capitalization Rate: 3.77
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Income Includes: Rents
  • Vacancy Factor: 2
Income / Expense Details
  • Expense Insurance: $5,495
  • Expense Landscape: $2,800
  • Expense Maintenance: $21,722
  • Expense Management: $11,400
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $3,928
  • Expenses Total: $87,345
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance - Capital Improvements, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Vacancy Factor
  • Gross Rent Multiplier: 15.64
  • Income Annual Gross: $219,324
  • Income Annual Rental: $223,800
  • Income Gross Scheduled: $223,800
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $0
Unit 2 Information
  • Unit 2 Approx Square Footage: 1111
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 0
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,700
Unit 3 Information
  • Unit 3 Approx Square Footage: 1030
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,800
Unit 4 Information
  • Unit 4 Approx Square Footage: 994
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Half Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,500
Unit 5 Information
  • Unit5 Full Baths: 1
  • Unit5 Half Baths: 1
Unit Type 1
  • Unit Type1 Approx SqFt: 1182

Property History for 3230-3240 Mission Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 3230-3240 Mission Drive

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
Santa Cruz Gardens Elementary School
PublicK to 5

Mission Hill Middle School
Public6 to 8

New Brighton Middle School
Public6 to 8

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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Similar Sold Homes

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3230-3240 Mission Drive is a multi-family home for sale in Santa Cruz, CA 95065. This property was listed for sale on April 8, 2024 by Main Street Realtors, it's currently listed at $3,500,000. This listing's school districts are Soquel Union Elementary School District, Santa Cruz City High School District. Nearby schools include Santa Cruz Gardens Elementary School, Mission Hill Middle School and New Brighton Middle School. 3230-3240 Mission Drive is a 0-bed, 0-bath, 5,672 sqft multi-family home built in 1975.

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 Main Street Realtors, Datta Khalsa, DRE #01161050

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.