4602 Scotts Valley Dr - Apartments FOR SALE


Scotts Valley, CA 95066
$2,750,000 USD
831-239-9002
4602 Scotts Valley Dr, Scotts Valley, CA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/12
null | 5.59% Cap Rate

4602 Scotts Valley Dr
Scotts Valley, CA 95066


HIGHLIGHTS

  • Prime Scotts Valley location with strong rental demand
  • Value-add opportunity with upside in rents
  • Large 1/2+ acre lot with development potential (buyer to verify)
  • Well-maintained units with parking, creek setting, and added laundry income

OVERVIEW

Fantastic investment opportunity in a prime Scotts Valley location. Solid go in return, with both upside in rents to bring legacy tenants to market, as well as a large (over 1/2 acre) lot for potential additional development (buyer to investigate and confirm). CS zoning allows many permitted uses. Just take a look at what else is happening currently on Scotts Valley Dr. These units are set back off SV Dr., are quiet, well cared for, and desirable to rent and own. Current configuration allows for lots of parking, and rear units back onto the seasonal creek with an outside common BBQ area. The laundry room produces additional income for the owner and convenience for tenants. Coveted location near all services, shopping, parks, and easy for commuters going to Santa Cruz or Silicon Valley. Contingent upon the seller closing escrow on the upleg replacement property already in escrow. Giddy up!

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

8

PRICE/UNIT

$343,750

CAP RATE

5.59%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,263 SF

ZONING

CS

APN/PARCEL ID

022-491-12-000

ASK ABOUT THIS PROPERTY

Andy KayRoom Real EstateMore Info
831-239-9002

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Andy KayRoom Real EstateMore Info
831-239-9002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.