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Listed by Brandi Jones • KW Thrive Santa Cruz

$1,200,000

Est. payment - /mo

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3 Beds

3 Baths

1,500 SqFt

New

118-122 Beulah CT Santa Cruz, CA 95060

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Nicole Myhrstad

[email protected] +1(831) 818-0639

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $800

MLS Listing ID ML82011974

Style Ranch

Bedrooms 3

Full Baths 3

HOA Fees $458

HOA Y/N 1

Year Built 1963

Lot Size 0.269 Acres

Property Sub-Type Triplex

Property Description

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.

Location

State CA

County Santa Cruz

Area Scotts Valley South

Zoning SU

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate

Exterior

Parking Features Common Parking Area

Utilities Available Propane On Site

Roof Type Composition

Building

Lot Description Regular

Story 1

Foundation Concrete Perimeter

Sewer Septic Engineered

Water Public

Level or Stories 1

Others

Tax ID 007-441-02

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Nicole Myhrstad

Realtor | License ID: 02049882

+1(831) 818-0639

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118-122 Beulah CT Santa Cruz, CA 95060

Nicole Myhrstad

Key Details

Location

Interior

Exterior

Building

Others

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118-122 Beulah CT