Description
Nestled among the towering redwoods of the San Lorenzo Valley, this rare 8-unit multifamily property boasts excellent rental history with low vacancy, appealing to long-term tenants, and offers the fundamentals a thoughtful investor looks for: high occupancy, high income potential, and a desirable location for easy access to highways and public transportation. Versatility of units makes this great for buyers searching for solid investment return: live in one, rent the others, or a community compound. Property has been well-maintained by the current owner. Set on a bright and sunny flat lot with one new roof, repairs, and painting completed in 2026. The property features a mix of 1- and 2-bed cottages, two 2-bed apartments, 3 studio apartments, and a 3-bed/2-bath house, with inviting front porches, vibrant exterior finishes, and a peaceful, community-oriented layout that tenants love, with the opportunity to create a large raised-bed garden. Additional highlights include on-site parking for all units and a large garage for storage and extra income potential. With the flexible unit mix and upside potential, this is an exceptional opportunity for investors seeking immediate cash flow and long-term appreciation in one of the most desirable and supply-constrained rental markets in CA.
Details
| MLS # | ML82055141 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 34 |
| Listing Provided By | eXp Realty of California Inc | Sage Goncharoff |
Features
| SQ Feet | 4,178 |
|---|---|
| Building(s) | 4 |
| Zoning | R-1-15 |
| Acreage | 0.71 |
Interior
| Cooling | None |
|---|---|
| Heating | Central, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Shingle |
|---|
Taxes
| Property | 14262 |
|---|
Area Information
| State | CA |
|---|---|
| County | Santa Cruz |
| City | Ben Lomond |
| Zip Code | 95005 |
| Area | 699 Not Defined |
| Listing VS Median (in 95005) | |
Price: $2,499,000 low | high Med: $2,374,500 sqft: 4,178 low | high Med: 4,988 $ / sqft: $598 low | high Med: $493 On site: 34 low | high Med: 602.5 | |
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Cruz |
| City | Ben Lomond |
| Zip Code | 95005 |
| Area | 699 Not Defined |
| Listing VS Median (in 95005) | |
Price: $2,499,000 low | high Med: $2,374,500 sqft: 4,178 low | high Med: 4,988 $ / sqft: $598 low | high Med: $493 On site: 34 low | high Med: 602.5 | |