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$2,700,000

Est. payment - /mo

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5,111 SqFt

Active

140 Hillside AVE Ben Lomond, CA 95005

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Graeham Watts

graehamwatts@gmail.com +1(650) 308-4727

UPDATED:

10/22/2024 10:51 PM

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,111 sqft

Price per Sqft $528

MLS Listing ID ML81984537

Year Built 1922

Lot Size 1.533 Acres

Property Description

Multi-Family Income Property Along the San Lorenzo River in the Beautiful Redwoods of Ben Lomond, CA Nestled in the heart of Ben Lomond, this unique 9-unit income property offers a rare opportunity to own a piece of paradise. Situated on over 1.5 acres of tranquil, creekside land along the San Lorenzo River, this property is surrounded by majestic redwoods, offering both privacy and beauty. Walk to downtown Ben Lomond or 20 Minutes to the Beaches of Santa Cruz. The property is almost always fully rented and earns great income for the owners. The complex boasts a great mix of units: 3-bed/2-bath, 2-bed/1-bath, and 1-bed/1-bath, plus studio apartments There is only one unit currently vacant and being updated. The property has long-term tenants and very low turnover. This property generates a gross income of $286,452 annually, with an additional $1200 in bonus income from the laundry, delivering an excellent 6%+ CAP rate. For potential owner-occupiers, the spacious 3-bed/2-bath home offers the opportunity to live in a serene, creekside setting while covering your expenses with rental income from the other units. This is a fantastic investment opportunity in one of the most picturesque locations in Ben Lomond. Don't miss your chance to own this incredible piece of real estate!

Location

State CA

County Santa Cruz

Area Ben Lomond

Zoning RM-6

Rooms

Kitchen Dishwasher, Garbage Disposal, Oven Range, Refrigerator, Varies by Unit

Interior

Heating Gas, Wall Furnace

Cooling None

Flooring Carpet, Tile, Vinyl / Linoleum

Laundry Coin Operated

Exterior

Exterior Feature Deck

Parking Features Off-Street Parking, Private / Exclusive

Garage Spaces 3.0

Utilities Available Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter and Slab, Pillars / Posts / Piers

Sewer Existing Septic

Water Public

Others

Restrictions None

Tax ID 077-151-19-000

Security Features None

Special Listing Condition Not Applicable

Listed by Kroft & Hulsey Team • Room Real Estate

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Graeham Watts

Realtor | License ID: 01466876

+1(650) 308-4727

140 Hillside AVE Ben Lomond, CA 95005

Graeham Watts

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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140 Hillside AVE