Home | Santa Cruz County | Santa Cruz | 95060 | 145 Canfield Ave
MLS: ML81947326 | Status: | Price: $3,100,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | 7,839 | 0.359 | 1958 |
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.
| Field | Value |
|---|---|
| MLS # | ML81947326 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Cooling | None |
| Heating | Gas, Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Concrete Perimeter |
| Feature | Details |
|---|---|
| Garage/Parking | Attached Garage, Guest / Visitor Parking, Off-Street Parking, Parking Area, Garage: 8 Car(s) |
| High School District | Santa Cruz City High |
| Water | Public |
| Zoning | RM |
Daniel Oster
Coldwell Banker Realty
License #: 01381869
Phone: (831) 252-5000
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 9 | 9 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 2 | 1/0 | $2,041 | $2,609 | 2 |
| 2 | – | 3 | 1/1 | $2,222 | $2,222 | 1 |
| 3 | – | 2 | 1/1 | $1,955 | $2,164 | 5 |
School data provided by GreatSchools.org
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This listing information is up-to-date as of February 01, 2026. For the most current information, please contact Daniel Oster, (831) 252-5000.