9969 Alba Rd - Apartments FOR SALE


Ben Lomond, CA 95005
$695,000 USD
831-706-7349
9969 Alba Rd, Ben Lomond, CA for Sale
$695,000 USD
Apartments - FOR SALE
1/12
null | 7.43% Cap Rate

9969 Alba Rd
Ben Lomond, CA 95005


OVERVIEW

Fixer-upper multi-residential income opportunity in the heart of the Santa Cruz Mountains. This property offers incredible value and includes a spacious adjacent parcel, bringing the total lot size to 1+ acre. The main structure features six units, complemented by a detached cottage for a total of seven income-producing residences. Conveniently situated in Ben Lomond near countless amenities. Seller previously started and invested in permit process to renovate/repair structures. County of Santa Cruz indicates Four-Plex (Quadruplex) + Detached Cottage. 2 Septic Systems on property (both passed inspection and will need to have electrical re-connected prior to usage). APN 078-142-06-000 is included in the sale. Contact listing agent to schedule showings, review disclosures/reports, and for more information!

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$307 USD /SF

# OF UNITS

7

PRICE/UNIT

$99,286

CAP RATE

7.43%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1946

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,918 SF

ZONING

R-1-15

APN/PARCEL ID

078-142-07-000

ASK ABOUT THIS PROPERTY

Nick BaileyBailey PropertiesMore Info
831-706-7349

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Nick BaileyBailey PropertiesMore Info
831-706-7349

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