
Santa Cruz, California 95062
This Prime Investment Opportunity is a Quadruplex Residential Income Asset listed at $2,495,000—positioned well below the $2,556,822 Fair Market Value by 2%. This valuation gap offers $61,822 in Instant Equity. With a Condition Rating of 4, the property features Individual Garages and generates $15,995 in Monthly Rental Income. While the infrastructure is aging, the location near Twin Lakes State Beach ensures high demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants utilizing house-hacking strategies.
Property is moderate renovation needed.
Built in 1962, this property is over 60 years old. While it features functional updates such as newer water heaters, gas ranges, and dual-pane windows in most units, it lacks a comprehensive modern renovation of kitchens and bathrooms. The exterior appears well-maintained, but the age and lack of recent full-scale remodeling categorize it as dated but functional.
The property produces a robust monthly rental income of $15,995 from four units, providing immediate cash flow and a solid foundation for a high-yield investment portfolio.
Situated in the desirable Live Oak area near Twin Lakes State Beach and Santa Cruz Harbor, the location ensures high tenant demand and long-term property appreciation.
Each unit includes its own private garage, offering valuable off-street parking and storage which is a significant competitive advantage in the Santa Cruz rental market.
Originally built in 1962, the property may require ongoing maintenance or capital improvements to major systems like plumbing and electrical that are typical for buildings of this era.
While three units feature updated dual-pane windows, the lack of uniformity across all residences suggests potential immediate needs for modernization in the remaining unit to maximize market value.
In Santa Cruz, location drives demand, and 2030 Kinsley Street puts an investor in the heart of the Live Oak lifestyle. This four-unit property offers the flexibility to build a strong rental portfolio or live in one residence while generating income from the other three, with potential access to owner-occupied financing. The property includes three two-bedroom residences and one spacious three-bedroom residence, with current rents totaling $15,995 per month. Each unit has its own garage, adding valuable parking and storage for residents. Three units feature updated dual-pane windows, while all four have newer water heaters and gas ranges. Beyond the numbers, its a location renters want to call home. Shopping, schools, Simpkins Family Swim Center, neighborhood parks, athletic fields, Twin Lakes State Beach, and the Santa Cruz Harbor are all nearby, making daily life easy and giving the property lasting rental appeal. For an investor, its a rare combination: four residences, established income, individual garages, and a location that continues to deliver.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,612 | 2,195.333 |
| Lot Size | 12,981 | 6,650.333 |
| Price | $2.50M | $1.64M |
| Price per sq ft | $541 | $773 |
| Built year | 1962 | 1979 |
| HOA | $0 | $0 |
| Days on market | 26 | 51 |
Aug 14, 2026
$2,495,000
Initial Listing
May 16, 2018
$1,650,000
Public Record
Dec 4, 2001
$805,000
Public Record