Seller Willing to Buy Down Your Rate!! Excellent income property with long-term appreciation potential in the heart of Santa Cruz. This well-maintained triplex features three 1-bedroom, 1-bathroom units with long-term tenants and a strong rental history. Current rents are below market, offering immediate upside. Pro forma rents of $2,349/unit reflect a stabilized cap rate of 5.9%. The current owner pays for water and trash expenses that can be shifted to tenants to improve NOI and returns. Upgrades include flooring, modern appliances, and an engineered septic system, making this a clean, low-maintenance investment. Each unit is separately metered for PG&E, and there is ample parking and private outdoor space for tenants. The property is located in a commuter-friendly area with strong rental demand and zero vacancy history. Triplexes in Santa Cruz with this level of care, condition, and long-term stability are rare. Build your portfolio and grow your wealth in one of Californias most desirable coastal markets. Please do not disturb tenants. Inspections Available.
Days on market: 17
Listing updated: July 08, 2025 - 10:03:07
Listed by: Brandi Jones DRE #01385191 (831) 457-5500, KW Thrive Santa Cruz - MLSListings
Source: MLSListings, MLS#: ML35599 Originating MLS: CRMLS
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