5601 Freedom Boulevard, Aptos, California 95003, Aptos, 95003 - bed, bath

5601 Freedom Boulevard, Aptos, California 95003 home-pic-0
ACTIVE$5,999,000
5601 Freedom Boulevard, Aptos, California 95003
0Bed
0Bath
5,312Sqft
1,319,432Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Robust Income Stream: The property includes 12 fully tenant-occupied rental units (two homes, 8 commercial/art studio bays, and additional apartments), generating a significant and steady monthly rent roll.
Top Cons:
Property Age & Potential Upgrades: Built in 1959, the existing structures may require significant capital investment for maintenance, modernization, or renovations to meet contemporary standards.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1959 (66 years old).
Condition: The property was built in 1959, making the structures over 60 years old. While the property is actively generating income from 12 rental units, the interior images of the main house and other apartments reveal significantly dated kitchens and bathrooms. Kitchens feature older white appliances and laminate countertops, and bathrooms have older vanities and tiled shower/tub combos, suggesting renovations that are likely 20-40 years old, or original features with minimal updates. Flooring is a mix of older hardwood, tile, and worn carpets. The property is functional and appears maintained for its current use, but it clearly requires substantial modernization and cosmetic updates to meet contemporary standards, aligning with the 'Fair' condition criteria.
Year Built
1959
Close
-
List price
$6M
Original List price
$6M
Price/Sqft
$1,129
HOA
-
Days on market
-
Sold On
-
MLS number
ML82014444
Home ConditionFair
Features
Good View: Orchard, Panoramic, Pasture
Patio
ViewOrchard, Panoramic, Pasture

About this home

Unique Investment & Landmark Property. Own a piece of California unlike any other. Home to Bamboo Giant Nursery, this 30+ acre estate features the largest public bamboo grove in the U.S., along with redwoods, hiking paths, sunny clearings, and a koi pond with a self-sustaining waterfall. The property includes 12 rental units generating steady income: two homes (1,856 sq. ft. and 1,066 sq. ft.), plus a commercial/art studio building with 8 creative bays (2,390 sq. ft.). All units are fully tenant-occupied, providing a significant monthly rent roll. Beyond its current use, the land offers future development potential, with ~15 acres possibly subdividable into three estate lots offering sweeping canyon views (buyer to verify). The natural beauty has also made this property a sought-after venue for weddings, fairs, and tours. A rare opportunity to combine income, development, and natural splendor in one remarkable property. Photos: 1-11 are the Gardens, 12 is additional info graphic, 13 Rental Map, 14-22 Main House, 23-27 JR ADU, 28-31 (2) apartments, 32-40 Nursery Business, 41 Redwood Fairy Ring, 42-49 3 (5 acre) parcels at the top of the property.

Condition Rating
Fair

The property was built in 1959, making the structures over 60 years old. While the property is actively generating income from 12 rental units, the interior images of the main house and other apartments reveal significantly dated kitchens and bathrooms. Kitchens feature older white appliances and laminate countertops, and bathrooms have older vanities and tiled shower/tub combos, suggesting renovations that are likely 20-40 years old, or original features with minimal updates. Flooring is a mix of older hardwood, tile, and worn carpets. The property is functional and appears maintained for its current use, but it clearly requires substantial modernization and cosmetic updates to meet contemporary standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Robust Income Stream: The property includes 12 fully tenant-occupied rental units (two homes, 8 commercial/art studio bays, and additional apartments), generating a significant and steady monthly rent roll.
Substantial Development Potential: Approximately 15 acres are potentially subdividable into three estate lots with sweeping canyon views, offering significant future value and investment opportunities.
Unique Natural Landmark: Features the largest public bamboo grove in the U.S., redwoods, hiking paths, and a koi pond, establishing it as a distinctive and naturally beautiful estate.
Diverse Revenue Opportunities: Beyond rental income, the property's natural beauty and existing infrastructure make it a sought-after venue for weddings, fairs, and tours, providing additional income streams.
Expansive & Scenic Acreage: Over 30 acres of land offers privacy, ample space for various uses, and panoramic, orchard, and pasture views.

Cons

Property Age & Potential Upgrades: Built in 1959, the existing structures may require significant capital investment for maintenance, modernization, or renovations to meet contemporary standards.
High Barrier to Entry: The substantial list price of $5.999 million limits the prospective buyer pool to a niche market of high-net-worth investors or developers.
Unverified Development Potential: The stated development potential for subdivision is subject to buyer verification, implying a need for extensive due diligence, permitting processes, and associated costs, which introduces risk and effort.

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