118-122 Beulah CT new Save Request In-Person Tour Request Virtual Tour
Santa Cruz,CA 95060
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $800
MLS Listing ID ML82011974
Style Ranch
Bedrooms 3
Full Baths 3
HOA Fees $458
HOA Y/N 1
Year Built 1963
Lot Size 0.269 Acres
Property Sub-Type Triplex
Property Description
Excellent income property with long-term appreciation potential in the heart of Santa Cruz. This well-maintained triplex features three 1-bedroom, 1-bathroom units with long-term tenants and a strong rental history. Current rents are below market, offering immediate upside. Pro forma rents of $2,349/unit reflect a stabilized cap rate of 5.9%. The current owner pays for water and trash expenses that can be shifted to tenants to improve NOI and returns. Upgrades include flooring, modern appliances, and an engineered septic system, making this a clean, low-maintenance investment. Each unit is separately metered for PG&E, and there is ample parking and private outdoor space for tenants. The property is located in a commuter-friendly area with strong rental demand and zero vacancy history. Triplexes in Santa Cruz with this level of care, condition, and long-term stability are rare. Build your portfolio and grow your wealth in one of Californias most desirable coastal markets. Please do not disturb tenants. Inspections Available.
Location
State CA
County Santa Cruz
Area Scotts Valley South
Zoning SU
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Exterior
Parking Features Common Parking Area
Utilities Available Propane On Site
Roof Type Composition
Building
Lot Description Regular
Story 1
Foundation Concrete Perimeter
Sewer Septic Engineered
Water Public
Level or Stories 1
Others
Tax ID 007-441-02
Security Features None
Horse Property No
Special Listing Condition Not Applicable
Virtual Tour https://storybookviewer.com/91202-113737