Address
2801 Daubenbiss AVE Soquel, CA
Price
$ 7,695,000
Property Attributes
  • MLS#ML81816698
  • TypeMulti-Family
  • CountySANTA CRUZ
  • CitySoquel
  • AreaSoquel
  • Zip95073
  • Style
  • Price$ 7,695,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11151
  • Lot Size1.08 Acres
Listing Provided Courtesy Of:
Alex Budka with Atlantis Properties.
Data Source:
MLS Listings
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.

Price History
10/21/2020 Listed $7,895,000
1/21/2021 3% - $7,695,000

General Features

# of Buildings 9
Accessibility Other
Age 87
Association Amenities Additional Storage, Common Utility Room, Garden / Greenbelt / Trails
City SOQUEL
Complex Name Text Soquel Village Apartments
Cooling Other
County Santa Cruz
Heating Wall Furnace
Listing Agent State License 01913403
MLS Area Soquel
Parking Features Assigned Spaces
Property SubType Five or More Units
Property Type Commercial Multi-Residential (5+ units)
Restrictions None
Roof Composition, Polyurethane
Security Features None
Special Listing Conditions Not Applicable
Status Active
Utilities Individual Electric Meters, Individual Gas Meters
Water Other
Year Built 1933
Zoning Text RM-2-GH

Interior Features

Laundry Features Coin Operated, Washer / Dryer
Living Sqft 11151
Unit 1 Rent 1795
Unit 2 Approx Square Footage 450
Unit 3 Approx Square Footage 750

Exterior Features

Building Area Total 11151
Foundation Details Concrete Perimeter, Pillars / Posts / Piers
Lot Acres 1.0780
Lot Size Area 46958.00
Lot Size Units Square Feet
Maximum Lot Size 46958.00
Meters Master Water, Separate Electric, Separate Gas
Parking Spaces 28
Sewer/Septic Sewer - Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 95073

Price
AVG $7.7M
$7.7M
Visits
AVG 49
97
Year Built
AVG 1933
1933
Walkscore
AVG 82
82
Data Provided by Walkscore ® not using MLS data

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