Ben Lomond, CA 95005,140 Hillside AVE
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Ben Lomond, CA 95005,140 Hillside AVE
Ben Lomond, CA 95005,140 Hillside AVE
Ben Lomond, CA 95005,140 Hillside AVE
Ben Lomond, CA 95005,140 Hillside AVE
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140 Hillside AVE Ben Lomond, CA 95005

1.53 Acres Lot


UPDATED:

10/22/2024 11:13 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81984537

HOA Y/N No

Year Built 1922

Annual Tax Amount $19,059

Lot Size 1.533 Acres

Property Description

Multi-Family Income Property Along the San Lorenzo River in the Beautiful Redwoods of Ben Lomond, CA Nestled in the heart of Ben Lomond, this unique 9-unit income property offers a rare opportunity to own a piece of paradise. Situated on over 1.5 acres of tranquil, creekside land along the San Lorenzo River, this property is surrounded by majestic redwoods, offering both privacy and beauty. Walk to downtown Ben Lomond or 20 Minutes to the Beaches of Santa Cruz. The property is almost always fully rented and earns great income for the owners. The complex boasts a great mix of units: 3-bed/2-bath, 2-bed/1-bath, and 1-bed/1-bath, plus studio apartments There is only one unit currently vacant and being updated. The property has long-term tenants and very low turnover. This property generates a gross income of $286,452 annually, with an additional $1200 in bonus income from the laundry, delivering an excellent 6%+ CAP rate. For potential owner-occupiers, the spacious 3-bed/2-bath home offers the opportunity to live in a serene, creekside setting while covering your expenses with rental income from the other units. This is a fantastic investment opportunity in one of the most picturesque locations in Ben Lomond. Don't miss your chance to own this incredible piece of real estate!

Location

State CA

County Santa Cruz

Area 699 - Not Defined

Zoning RM-6

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Roof Type Composition

Total Parking Spaces 9

Building

Water Public

Schools

Elementary Schools Other

Middle Schools Other

High Schools Other

School District Other

Others

Tax ID 07715119000

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Kroft & Hulsey Team • Room Real Estate

Rachael Hughel

Realtor | License ID: 01218759

+1(818) 397-8177

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140 Hillside AVE