140 Hillside Avenue
Ben Lomond, CA 95005
Active for $2,700,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 66,777 sqft
| MLS | ML81984537 |
| Year Built | 1922 |
| Property Type | |
| County | Santa Cruz |
| Status | Active |
| Active | $2,700,000 |
| Structure Size | N/A sqft |
| Lot Size | 66,777 sqft |
| Beds | N/A |
| Baths |
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!
Listing information courtesy of: Kroft & Hulsey Team, Room Real Estate 831-295-8509. *Based on information from the Association of REALTORS/Multiple Listing as of 11/16/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Haik Bokhchalian And Associates
REALTOR®
Direct: 818.400.1868
Email: Email Me
DRE: 01325511
DRE #01873088
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