2030 Kinsley Street, Santa Cruz, California 95062, Santa Cruz, 95062 - bed, bath
ACTIVE$2,495,000
2030 Kinsley Street, Santa Cruz, California 95062
0Bed
0Bath
4,612Sqft
12,981Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Coastal Location: Centrally located between Capitola and Santa Cruz, offering residents a short walk or bike ride to the beach, popular eateries, and breweries, which is highly attractive for tenants.
Top Cons:
Property Age & Potential Capital Expenditures: Built in 1962, the property's age suggests that major systems (e.g., roof, plumbing, electrical) may be original or nearing the end of their lifespan, potentially requiring significant capital investment in the near future.
Compared to the nearby listings
Price:$2.50M vs avg $2.06M (+$440,000)75%
Size:4,612 sqft vs avg 2,866 sqft75%
Price/sqft:$541 vs avg $60750%
More Insights
Built in 1962 (63 years old).
Condition: Built in 1962, this property is 62 years old with interiors that appear largely original or from very early renovations. The kitchen features highly dated tiled countertops, old wood cabinets, and older appliances. Heating is provided by wall-mounted gas heaters, indicating a lack of central HVAC. Carpets throughout the living areas and bedrooms appear old and worn. While currently occupied, the overall condition, particularly the kitchens and bathrooms (based on visible elements), is significantly outdated and suggests that major systems (plumbing, electrical, roof) are likely nearing or past their expected lifespan, requiring substantial repairs and rehabilitation to meet modern standards and ensure long-term functionality.
Year Built
1962
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
$541
HOA
-
Days on market
-
Sold On
-
MLS number
ML82025284
Home ConditionPoor
Features
Patio
View-
About this home
This centrally located Live Oak multi-unit property sits between Capitola and Santa Cruz, just a short walk or bike ride to the beach, eateries, and breweries. The building features four units, each with a one-car garage and assigned parking. Units A, B, and C are 2 bedrooms and 1 bathroom, while Unit D is 3 bedrooms and 1 bathroom. All units offer spacious living rooms, laundry hookups, fenced yards, and extra storage. Currently fully occupied, this property presents an excellent investment opportunity in a highly desirable coastal location.
Condition Rating
Poor
Built in 1962, this property is 62 years old with interiors that appear largely original or from very early renovations. The kitchen features highly dated tiled countertops, old wood cabinets, and older appliances. Heating is provided by wall-mounted gas heaters, indicating a lack of central HVAC. Carpets throughout the living areas and bedrooms appear old and worn. While currently occupied, the overall condition, particularly the kitchens and bathrooms (based on visible elements), is significantly outdated and suggests that major systems (plumbing, electrical, roof) are likely nearing or past their expected lifespan, requiring substantial repairs and rehabilitation to meet modern standards and ensure long-term functionality.
Pros & Cons
Pros
Exceptional Coastal Location: Centrally located between Capitola and Santa Cruz, offering residents a short walk or bike ride to the beach, popular eateries, and breweries, which is highly attractive for tenants.
Robust Investment Opportunity: As a fully occupied multi-unit quadruplex, this property provides immediate rental income and is positioned in a highly desirable coastal market, promising strong long-term appreciation.
Diverse Unit Mix & Tenant Appeal: The property features a desirable mix of 2-bedroom and 3-bedroom units, each offering spacious living rooms, laundry hookups, and fenced yards, catering to a broad range of tenant needs.
Tenant-Friendly Amenities: Each unit benefits from a dedicated one-car garage, assigned parking, and extra storage, providing significant convenience and added value for residents, especially in a coastal area.
Proven Income Stability: Currently 100% occupied, the property demonstrates strong tenant demand and offers reliable, consistent cash flow for an investor from day one.
Cons
Property Age & Potential Capital Expenditures: Built in 1962, the property's age suggests that major systems (e.g., roof, plumbing, electrical) may be original or nearing the end of their lifespan, potentially requiring significant capital investment in the near future.
Unspecified Interior Condition/Updates: The description does not detail recent interior renovations for the individual units, implying that finishes or appliances might be dated, which could necessitate future upgrades to optimize rental income and tenant satisfaction.
High Entry Price Point: With a list price of $2.495 million, this represents a substantial capital outlay, which may limit the pool of potential investors and require significant financing.