Property Details
About this Property
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.
MLS Listing Information
MLS #
ML82011974
MLS Source
MLSListings, Inc.
Days on Site
26
Interior Features
Flooring
Laminate
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter
Style
Ranch
Parking, School, and Other Information
Garage/Parking
Common Parking Area, Garage: 0 Car(s)
Elementary District
Scotts Valley Unified
High School District
Scotts Valley Unified
Water
Public
HOA Fee
$458
Zoning
SU
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 3 | 3 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 500 | 1 | 1/0 | $2,094 |
| 2 | 500 | 1 | 1/0 | $2,094 |
| 3 | 500 | 1 | 1/0 | $1,866 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
118-122 Beulah Ct is a Triplex in Santa Cruz, CA 95060. This 1,500 square foot property sits on a 0.268 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,200,000 and was built in 1963. This address can also be written as 118-122 Beulah Ct, Santa Cruz, CA 95060.
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This listing information is up-to-date as of July 08, 2025. For the most current information, please contact Brandi Jones, (831) 588-5145
