371 7th Avenue

Santa Cruz, CA 95062

$2,550,000
Price
Beds
2,748 Sq. Ft.
$928 / Sq. Ft.
2,748
Sq. Ft.
$928
per Sq. Ft.

Description

Great Opportunity! 5 UNITS!: 1) 2Bd./1Ba, 4) 1Bd/1Ba. This is an amazing site with 5 units, several have been updated, other units provide you the return on updating! All rented, very low vacancy. Good parking with Carport and back alley access. Short walk to eateries, Twin Lakes Beach, Harbor. Go home, park your car, and walk to everything! A truly special property,.! Perhaps you want to maintain a get -a-way place but like the income as well? Cash Flow, Location, Income!! Investors don't miss this...Great Opportunity! 5 UNITS!: 1) 2Bd./1Ba, 4) 1Bd/1Ba. This is an amazing site with 5 units, several have been updated, other units provide you the return on updating! All rented, very low vacancy. Good parking with Carport and back alley access. Short walk to eateries, Twin Lakes Beach, Harbor. Go home, park your car, and walk to everything! A truly special property,.! Perhaps you want to maintain a get -a-way place but like the income as well? Cash Flow, Location, Income!! Investors don't miss this one!

Listing Agent

  1. Caren Spencer

    Caren Spencer

    Listing Agent

    Compass

    DRE #00879602

Property Details for 371 7th Avenue

MLS City Name
SANTA CRUZ
Building Type
Other
Style
Traditional
Garage Spaces
0
Parking Spaces
2
View
Other
Cross Street
Dolores

Location

Listing Courtesy of Compass, Caren Spencer, DRE #00879602
Add your commute
LISTING UPDATED: 04/18/2024 11:32 AM

Property Details for 371 7th Avenue

StatusActive
MLS #ML81961812
Days on Compass15
Taxes$29,035 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1958
Lot Size0.11 AC / 4,792 SF
CountySanta Cruz County

Location

Listing Courtesy of Compass, Caren Spencer, DRE #00879602
Add your commute

Building Information for 371 7th Avenue

Stories-Residences-Year Built1958Building Size-Lot Size0.11 AC / 4,792 SF

Payment Calculator

$16,336 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,916

Property Taxes

$2,420

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 371 7th Avenue

Features
External Links
Room Information
  • Additional Rooms: Storage
  • Kitchen: Appliances - Vary by Unit, Oven Range, Refrigerator
Features
  • Energy Features: Tankless Water Heater
  • Fireplace: No
  • Flooring: Laminate
  • Laundry: Coin Operated, Washer / Dryer
  • Living SqFt: 2748
  • Pool: No
  • Security Features: Security Lights
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Common Area
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 3
Garage
  • Garage and Parking: Assigned Spaces, Covered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: Live Oak
  • Restrictions: None
  • Roof: Bituthene, Flat / Low Pitch
  • Subclass: Five or More Units
  • TIC Agreement: No
  • Year Built Source: Assessor
  • Street Number: 371
  • Street Name: 7th
  • Street Suffix: Avenue
  • Area ID: 45
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 2748
  • Structure SqFt Source: Assessor
  • Age: 66
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Trust
  • Zoning Detail: R-1-3.5
Location Information
  • City Limits: Yes
  • Directions: On 7th Ave. If you turn on Dolores you can park in the alley behind the Building.
  • Incorporated: No
  • Parcel Number: 027-102-02-000
  • County Name: Santa Cruz
  • City Name: SANTA CRUZ
  • City Postal ID: 64
  • Postal Code: 95062
  • Elementary School District: 880
  • High School District Text: Santa Cruz City High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .11
  • Lot Description: Grade - Mostly Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Low Maintenance, Other
Multi Family Information
Building Information
  • No Of Leased: 5
General Information
  • Annual Tax Amount: $29,035
  • Capitalization Rate: 3.99
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Income Includes: Coin Operated Equip, Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $3,427
  • Expense Landscape: $0
  • Expense Maintenance: $7,280
  • Expense Management: $8,354
  • Expense Trash: $0
  • Expenses Other: $5,282
  • Expenses Utility: $3,684
  • Expenses Total: $57,062
  • Operating Expenses Include: Maintenance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 16.06
  • Income Annual Gross: $158,786
  • Income Annual Rental: $158,286
  • Income Gross Scheduled: $158,786
  • Income Other: $500
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $3,035
Unit 2 Information
  • Unit 2 Approx Square Footage: 530
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $3,089
Unit 3 Information
  • Unit 3 Approx Square Footage: 530
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $2,872
Unit 4 Information
  • Unit 4 Approx Square Footage: 530
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $2,850
Unit 5 Information
  • Unit5 Full Baths: 1
Unit Type 1
  • Unit Type1 Approx SqFt: 624

Property History for 371 7th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 371 7th Avenue

This home is within Live Oak Elementary 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
Del Mar 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.

Similar Homes

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Similar Sold Homes

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371 7th Avenue is a multi-family home for sale in Santa Cruz, CA 95062. This property was listed for sale on April 17, 2024 by Compass, it's currently listed at $2,550,000. It has been on the market for a total of 15 days and was last sold on June 28, 2021. This listing's school districts are Live Oak Elementary School District, Santa Cruz City High School District. Nearby schools include Del Mar Elementary School, Mission Hill Middle School and Harbor High School. 371 7th Avenue is a 0-bed, 0-bath, 2,748 sqft multi-family home built in 1958.

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 Compass, Caren Spencer, DRE #00879602

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.