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    2801 Daubenbiss Avenue

    SOQUEL, CA 95073
    • $7,695,000
    • STATUS: Active
    • ON SITE: 195 days
    • ID#: ML81816698
    UPDATED: 26 min ago
    $7,695,000
    • 0
      BEDS
    • 1.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1934
    County:

    School Ratings & Info

    Description

    5.03% CAP RATE ON CURRENT INCOME + UPSIDE IN RENT POTENTIAL. The Soquel Village Apartments offers investors a truly unique investment opportunity. The property has had an extensive remodel of both the interiors and exterior. The new exterior includes the following scope: new stucco siding, paint, laundry room, main electrical panels, dual pane windows, landscaping, fencing, asphalt, etc. The new interiors of 18 units include the following scope: washer/dryer in-unit (15 units), vinyl plank flooring, paint, baseboards, shaker white cabinets with quartz countertops and subway tile backsplash, stainless steel appliances, etc. There remains considerable upside in 3 ways: 1) continuing the renovation of units to achieve market rents 2) adding 1-2 detached ADUs (buyer to confirm) 3) redevelop the property utilizing the high-density zoning. The location is incredible, located in the heart of Soquel Village, near schools, shopping, restaurants and other amenities.

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    Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-05-05T22:40:50.593.

    www.stevebhalla.com/homes/111226284
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    2801 Daubenbiss Avenue SOQUEL, CA 95073

    • Price: $7,695,000
    • Status: Active
    • Updated: 26 min ago
    • ID#: ML81816698
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.08
    Acres
    1934
    Built
    Neighborhood:
    All Other Counties/States
    County:
    Santa Cruz
    Area:
    All Other Counties/States
    Property Description
    5.03% CAP RATE ON CURRENT INCOME + UPSIDE IN RENT POTENTIAL. The Soquel Village Apartments offers investors a truly unique investment opportunity. The property has had an extensive remodel of both the interiors and exterior. The new exterior includes the following scope: new stucco siding, paint, laundry room, main electrical panels, dual pane windows, landscaping, fencing, asphalt, etc. The new interiors of 18 units include the following scope: washer/dryer in-unit (15 units), vinyl plank flooring, paint, baseboards, shaker white cabinets with quartz countertops and subway tile backsplash, stainless steel appliances, etc. There remains considerable upside in 3 ways: 1) continuing the renovation of units to achieve market rents 2) adding 1-2 detached ADUs (buyer to confirm) 3) redevelop the property utilizing the high-density zoning. The location is incredible, located in the heart of Soquel Village, near schools, shopping, restaurants and other amenities.
    Exterior Features

    Parking Description Spaces - Assigned Parking Spaces Total 28 Roof Composition Shingles

    Interior Features

    Apx Sq Ft Unit1 550 Apx Sq Ft Unit2 450 Apx Sq Ft Unit3 750 Bedrooms Unit1 1 Bedrooms Unit2 0 Bedrooms Unit3 2 Cooling Other Heating Wall Furnace Laundry Coin Operated

    Property Features

    Annual Gross Sched Income 580932 Annual Taxes 104713 Annual Utility Expense 4411 Building Type Other Disabled Features Other Hoa YN No Net Operating Income 382453 Operating Expenses Accounting/LegalElectricGasInsuranceTrash RemovalUtilitiesVacancy FactorWater Rent Unit1 1795 Rent Unit2 1659 Rent Unit3 2062 Tenant Pays ElectricGas Tot Bldg Sq Ft 11151 Water Sewer Sewer System - Public Zoning Rm-2

    Listing courtesy of Alex Budka of Atlantis Properties.


    Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-05-05T22:40:50.593.

     
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