1621 Capitola Road, Santa Cruz, California 95062, Santa Cruz, 95062 - bed, bath
ACTIVE$1,650,000
1621 Capitola Road, Santa Cruz, California 95062
0Bed
0Bath
2,400Sqft
15,377Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Location: Situated in a highly desirable Santa Cruz coastal area, offering the quintessential California coastal living experience.
Top Cons:
Property Age: Built in 1949, the property is over 70 years old, suggesting potential for deferred maintenance, outdated systems, or the need for significant renovations to meet modern tenant expectations.
Compared to the nearby listings
Price:$1.65M vs avg $1.82M ($-175,000)50%
Size:2,400 sqft vs avg 2,579.5 sqft50%
Price/sqft:$688 vs avg $68050%
More Insights
Built in 1949 (76 years old).
Condition: Built in 1949, this quadruplex shows its age. The kitchens feature very outdated tiled countertops, old cabinets, and older appliances, indicating a lack of recent major renovations. While the interiors appear clean and functional with tile flooring throughout, they are significantly dated and would require substantial cosmetic updates, particularly in the kitchen and likely bathrooms (though not pictured), to meet modern standards. The property appears maintained but is far from move-in ready for contemporary tastes.
Year Built
1949
Close
-
List price
$1.65M
Original List price
$2.3M
Price/Sqft
$688
HOA
-
Days on market
-
Sold On
-
MLS number
ML81998834
Home ConditionFair
Features
ViewNone
About this home
This four-unit property is a rare opportunity to invest in a prime location that captures the essence of California coastal living! Whether you're a seasoned investor or a first-time buyer, the combination of location, income potential, and development possibilities makes this property an exceptional find. Each unit is separately metered, providing convenience and autonomy for tenants while maximizing your investments profitability. The expansive lot offers endless opportunities for further development. Consider adding more units, creating a communal garden, or building luxury outdoor spaces for tenants.
Condition Rating
Fair
Built in 1949, this quadruplex shows its age. The kitchens feature very outdated tiled countertops, old cabinets, and older appliances, indicating a lack of recent major renovations. While the interiors appear clean and functional with tile flooring throughout, they are significantly dated and would require substantial cosmetic updates, particularly in the kitchen and likely bathrooms (though not pictured), to meet modern standards. The property appears maintained but is far from move-in ready for contemporary tastes.
Pros & Cons
Pros
Location: Situated in a highly desirable Santa Cruz coastal area, offering the quintessential California coastal living experience.
Investment Opportunity: A four-unit quadruplex designed for residential income, providing multiple revenue streams and maximizing profitability.
Development Potential: The expansive 15,377 sqft lot presents substantial opportunities for future development, including adding more units or enhancing outdoor amenities.
Operational Efficiency: Each unit is separately metered, simplifying tenant management and utility billing, which enhances the property's investment appeal.
Value Proposition: A substantial price reduction from the original listing price indicates a potential value opportunity or motivated seller, offering a more attractive entry point for investors.
Cons
Property Age: Built in 1949, the property is over 70 years old, suggesting potential for deferred maintenance, outdated systems, or the need for significant renovations to meet modern tenant expectations.
Undisclosed Unit Condition: The listing lacks specific details regarding the current condition or recent renovations of the individual units, which could imply additional capital expenditure for upgrades.
Lack of Defined View: Despite its coastal location, the property data indicates 'view: None', which might be a missed amenity for a Santa Cruz property where ocean views are highly sought after.