145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
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145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
145 Canfield Avenue
Sold

145 Canfield Avenue

145 Canfield AVE, SANTA CRUZ, CA 95060

$3,100,000
Pro forma GRM of 8.6!! Pro forma cap rate 9%!! Phenomenal income property w/ incredible upside potential. Current rents & expenses show a 4.5% cap rate. Rents significantly under market. 8 of the 9 units have 1 car garages. Unit 6 is the only unit w/o a garage. There is a storage room & a laundry room w/ potential to add additional income:2 washer hookups & 2 dryer hookups. Leases run through May 31st 2024 on 8 units & June 30th 2024 on 1 unit. Great long-term tenants in place with 0 vacancy. Recent updates include new paint, new lighting, & new second story stair case. There are hardwood floors,& vinyl dual paned windows. Home inspection & pest inspection available. Build your wealth & invest in the heart of Santa Cruz close to downtown, UCSC, & commute routes. Properties w/ this mix of floor plans & abundant parking options are very rare. Floor plan scans included in the images. Some units have detached access for garages. Please do not disturb tenants. Offers subject to inspection.

7,839 Sq.Ft. LIVING AREA

0.36 Acres lot

Daniel Oster

Daniel Oster

Features & Amenities

Area & Lot

  • Status Sold
  • Living Area7,839 Sq.Ft.
  • Lot Area0.36 Acres
  • MLS® IDML81947326
  • TypeMulti-Family
  • YEAR BUILT1958
  • School DistrictSanta Cruz City High

Exterior

  • Garage Space8.0
  • water SourcePublic
  • roofComposition
  • parkingOff Street, Attached
  • HEAT TYPENatural Gas

Financial

  • Sales Price$3,100,000
  • Zoning RM

Work With Daniel

I'm focused on offering my expertise as a dedicated guide and consultant. Together, we'll accomplish your real estate goals and have fun doing it!