140 Hillside Avenue , Ben Lomond, CA 95005
Ben Lomond, CA 95005
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!
Details
| Mls | ML81984537 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 45 |
| Listing Provided By | Room Real Estate (831) 234-6683 | Kroft & Hulsey Team |
Features
| Sq Feet | 5,111 |
|---|---|
| Buildings | 9 |
| Zoning | RM-6 |
| Acreage | 1.53 |
Market Activity 95005
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| State | CA |
|---|---|
| County | Santa Cruz |
| City | Ben Lomond |
| Zip Code | 95005 |
| Area | 699 Not Defined |
| Listing VS Median (in 95005) | |
Price: $2,700,000 low | high Med: $1,146,500 SqFt: 5,111 low | high Med: 2,218 $ / SqFt: $528 low | high Med: $541 On Site: 45 low | high Med: 108.000000 | |