$1,720,000
$1,795,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
1770 48th AVE Capitola, CA 95010
8 Beds
4 Baths
3,072 SqFt
Key Details
Sold Price $1,720,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,072 sqft
Price per Sqft $559
MLS Listing ID ML81902332
Sold Date 10/06/22
Bedrooms 8
Full Baths 4
Year Built 1964
Lot Size 3,615 Sqft
Property 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 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!
Location
State CA
County Santa Cruz
Area Capitola
Zoning R
Interior
Heating Wall Furnace
Cooling None
Exterior
Garage Carport
Utilities Available Public Utilities
Roof Type Flat / Low Pitch,Tar and Gravel,Other
Building
Story 2
Foundation Concrete Perimeter, Pillars / Posts / Piers
Sewer Sewer - Public
Water Public
Level or Stories 2
Others
Tax ID 034-023-23-000
Security Features Other
Horse Property Possible
Special Listing Condition Court Confirmation May Be Required
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Bought with Robert Deacon • Monterey Bay Properties