5058 Wilder, Soquel, California 95073, Soquel, 95073 - bed, bath
ACTIVE$2,650,000
5058 Wilder, Soquel, California 95073
0Bed
0Bath
3,323Sqft
7,057Lot
Year Built
1968
Close
-
List price
$2.65M
Original List price
$2.65M
Price/Sqft
$797
HOA
-
Days on market
-
Sold On
-
MLS number
ML82000286
Home ConditionGood
Features
Deck
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $2.65M(50th), sqft - 3323(50th), beds - undefined(50th), baths - undefined(50th).
Well cared for 4-plex off Capitola Ave. Pride of ownership shows in the units. Once hi-way 1 bridge is replaced - tenants will have a nice stroll down to Capitola Village . These are all 2 bed / 1 bath units with attached carport parking. 3 of the 4 units have been remodeled. Back unit is townhome style . Rents are low - location is great. Co-op laundry in back of building . Great long term tenants. Tenants want to stay on property. Working on more details - need 24 hour notice to show property.
Price History
Date
Event
Price
04/17/25
Listing
$2,650,000
Condition Rating
Good
The property, built in 1968, has undergone significant renovations in 3 of its 4 units, as evidenced by the images. The remodeled units feature modern white shaker cabinets, dark countertops, stainless steel appliances, updated light fixtures (recessed/flush-mount), and LVP flooring in both kitchens and bathrooms. These updates bring the interiors to a move-in ready condition with a contemporary aesthetic. While the building's age is apparent in some exterior elements and one unit remains un-remodeled, the extensive updates to the majority of the units align with the 'Good' criteria for properties extensively renovated within the last 5 to 15 years, showing minimal wear and tear and functional systems.
Pros & Cons
Pros
Income Property: As a 4-plex (quadruplex), this property offers multiple income streams, making it an attractive investment for cash flow and long-term appreciation.
Prime Location Potential: Situated in a great location off Capitola Ave, with future pedestrian access to Capitola Village once the Highway 1 bridge is replaced, enhancing tenant appeal and property value.
Renovated Units: Three of the four units have been remodeled, suggesting updated interiors that can command higher rents and attract quality tenants.
Stable Tenancy: The property benefits from great long-term tenants who wish to remain, indicating a reliable income stream and reduced vacancy risk.
Well-Maintained Property: Described as 'well cared for' with 'pride of ownership,' suggesting good overall condition and maintenance, minimizing immediate capital expenditures.
Cons
Under-Market Rents: Current rents are noted as 'low,' which, while offering upside potential, means immediate income generation is not maximized.
Property Age: Built in 1968, the property is over 50 years old, which may imply older infrastructure or systems in the unremodeled unit, potentially requiring future maintenance or upgrades.
Access Contingency: The enhanced pedestrian access to Capitola Village is contingent on a future 'hi-way 1 bridge' replacement, meaning this benefit is not immediately available.