4602 Scotts Valley Dr, Scotts Valley, CA 95066

$2,795,000
5,364
SqFt
List Price
$2,795,000
Price Change
▼ $80,000 1658988091
Closing Date
Nov 16, 2022
MLS#
ML81898741
Status
CONTINGENT
Sqft. of Residence
5,364
Lot Size
24,263
Listing Area
Scotts Valley
Year Built
1981

Property Description

Over 5% GO In CAP Rate.Rents just went Up; price went down. Price reduced and new scheduled rents(last increase effective 11/1/2022) w recent rent increases up an additional $950/mo adding over $200K in Value. Extremely rare opportunity to own an outstanding multi-res property in fantastic core Scotts Valley location. Scotts Valley known for best schools in county, ideal for commuters to Silicon Valley and Santa Cruz County, fun small town USA. Right on Scotts Valley Dr so convenient to all of town. The property is over 1/2Ac- 24,263 sq ft, providing upside/value add through increasing density or other development options. Go in 4.67% Cap Rate w/over $3500/mo loss to lease w some legacy tenants is a short term option to improve yield. All units set back from street. Rear of property has nice creek setting. Current configuration provides over 20 parking spaces. 4 of 6 units have been updated. New roof in 2017 Easy to own solid investment property now one to hold and enjoy long term.

Additional Information

Acres
0.557
Age
41
Cooling System
None
Floor Covering
Carpet, Vinyl / Linoleum, Other
Foundation
Concrete Perimeter
Garage Parking
Guest / Visitor Parking, Off-Street Parking, Parking Area, Uncovered Parking
Heating System
Central Forced Air - Gas
Living Area
5,364
Lot Description
Grade - Level, Grade - Sloped Down
Lot Size
24,263
Neighborhood
Scotts Valley
Other Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof
Composition, Concrete, Tile
Sewer
Sewer - Public, Sewer Connected
Unincorporated Yn
Yes
Zoning
CS

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Andy Kay from eXp Realty of California Inc.

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