5058 Wilder Drive, Soquel, California 95073, Soquel, 95073 - bed, bath
ACTIVE$2,650,000$3,806/sqft
5058 Wilder Drive, Soquel, California 95073
0Bed
0Bath
3,806Sqft
7,057Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Coastal Location: The property boasts an ideal Soquel/Capitola location, within walking distance via the new Capitola bridge to the heart of Capitola village, offering high desirability for tenants.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3806, other record living area = 3323.
Compared to the nearby listings
Price:$2.65M vs avg $1.91M (+$737,500)50%
Size:3,806 sqft vs avg 2,786.5 sqft50%
Price/sqft:$696 vs avg $68150%
More Insights
Built in 1968 (58 years old).
Condition: The property was built in 1968, making it over 50 years old. While the description states that 3 of the 4 units have been remodeled, the images reveal varying levels of updates. One unit (e.g., images 20-24) is clearly dated with original-style cabinets, older white appliances, linoleum flooring, and basic bathrooms, requiring substantial updates. The 'remodeled' units feature wood-look laminate flooring and neutral paint, but kitchens often have older tile countertops (images 8, 32) or painted cabinets (image 8), and bathrooms are functional but not modern in style (images 17, 38, 46). Only one kitchen (images 40-42) appears to have more recent updates with stainless steel appliances, grey countertops, and subway tile backsplash. Heating appears to be via wall heaters, indicating older systems. Overall, the property is well-maintained for its age, but the inconsistent and often dated renovations, coupled with one significantly unremodeled unit, place it in the 'Fair' category, requiring minor to substantial updates across the units to meet current standards.
Year Built
1968
Close
-
List price
$2.65M
Original List price
$2.65M
Price/Sqft
$696
HOA
-
Days on market
-
Sold On
-
MLS number
ML82030867
Home ConditionFair
Features
Good View:
Deck
Patio
View-
About this home
Well cared for long time family owned 4-plex in ideal Soquel / Capitola location - New Capitola bridge (walking distance of building) takes you into the heart of Capitola village. Meticulously maintained by owners, each unit has 2 bedrooms and 1 bath (8 bedrooms / 4 baths total) and 2 access doors on each unit (front door and back door). Semi private enclosed yards, new coin operated washing machine and coin operated dryer in utility room towards back of building. 4 carport parking spots with limited carport storage, and additional onsite uncovered parking. 3 of the 4 units have been remodeled (back unit is townhome style with 2 stories). Long term tenants would all like to remain on property - Current rents are on the low side - working on additional details - 24 hour notice to show - square footage of units is an estimate only - buyer to satisfy themselves with square feet of each unit.
K
Kathleen Hall
Listing Agent
Condition Rating
Fair
The property was built in 1968, making it over 50 years old. While the description states that 3 of the 4 units have been remodeled, the images reveal varying levels of updates. One unit (e.g., images 20-24) is clearly dated with original-style cabinets, older white appliances, linoleum flooring, and basic bathrooms, requiring substantial updates. The 'remodeled' units feature wood-look laminate flooring and neutral paint, but kitchens often have older tile countertops (images 8, 32) or painted cabinets (image 8), and bathrooms are functional but not modern in style (images 17, 38, 46). Only one kitchen (images 40-42) appears to have more recent updates with stainless steel appliances, grey countertops, and subway tile backsplash. Heating appears to be via wall heaters, indicating older systems. Overall, the property is well-maintained for its age, but the inconsistent and often dated renovations, coupled with one significantly unremodeled unit, place it in the 'Fair' category, requiring minor to substantial updates across the units to meet current standards.
Pros & Cons
Pros
Prime Coastal Location: The property boasts an ideal Soquel/Capitola location, within walking distance via the new Capitola bridge to the heart of Capitola village, offering high desirability for tenants.
Income-Generating Quadruplex: As a 4-plex residential income property, it provides a significant investment opportunity with multiple revenue streams.
Meticulously Maintained & Partially Updated: The property has been meticulously maintained by its long-time owners, and 3 of the 4 units have already been remodeled, reducing immediate capital expenditure.
Established Long-Term Tenancy: Long-term tenants who wish to remain on the property offer immediate, stable income and minimize vacancy risk for a new owner.
On-Site Amenities & Parking: Convenient on-site coin-operated laundry facilities, 4 carport parking spots, and additional uncovered parking enhance tenant appeal and property value.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3806, other record living area = 3323.
Under-Market Rents: Current rents are noted as being on the low side, indicating that the property's income potential is not fully maximized and may require strategic rent adjustments.
Estimated Square Footage: The square footage of units is an estimate only, requiring the buyer to satisfy themselves with verification, which could lead to discrepancies.
One Unit Not Remodeled: While three units are remodeled, one unit (the townhome style) has not been, suggesting a potential future renovation cost for a new owner to achieve consistency across all units.