Active

140 Hillside AVE

BEN LOMOND CA, 95005

$2,700,000


$528.27 per sqft

Active

5,111 sqft

Multi-family

Built in 1922

Listed by Room Real Estate, Kroft & Hulsey Team, Listing Contact: 4083751223

Multi-Family Income Property Along the San Lorenzo River in the Beautiful Redwoods of Ben Lomond, CA Nestled in the heart of Ben Lomond, this unique 9-unit income property offers a rare opportunity to own a piece of paradise. Situated on over 1.5 acres of tranquil, creekside land along the San Lorenzo River, this property is surrounded by majestic redwoods, offering both privacy and beauty. Walk to downtown Ben Lomond or 20 Minutes to the Beaches of Santa Cruz. The property is almost always fully rented and earns great income for the owners. The complex boasts a great mix of units: 3-bed/2-bath, 2-bed/1-bath, and 1-bed/1-bath, plus studio apartments There is only one unit currently vacant and being updated. The property has long-term tenants and very low turnover. This property generates a gross income of $286,452 annually, with an additional $1200 in bonus income from the laundry, delivering an excellent 6%+ CAP rate. For potential owner-occupiers, the spacious 3-bed/2-bath home offers the opportunity to live in a serene, creekside setting while covering your expenses with rental income from the other units. This is a fantastic investment opportunity in one of the most picturesque locations in Ben Lomond. Don't miss your chance to own this incredible piece of real estate!

ML81984537

MLS ID

October 22, 2024

Listed

November 22, 2024

Updated

Map

140 Hillside AVE
BEN LOMOND CA, 95005

Interior Features

Interior Features

Tile


Appliances

Dishwasher, Refrigerator, Oven, Range, Disposal


Floor Description

Tile


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

1.53 Acres


Roof

Composition


Sewer

Septic Tank

School Information

School District

San Lorenzo Valley Unified


High School

San Lorenzo Valley High School


Elementary School

San Lorenzo Valley Elementary

Other Property Details

Area Name

Ben Lomond


Garage

Yes


Garage Spaces

3


Parking

Off Street


Parking Total

9


View

No


County

Santa Cruz


Water Source

Public


Pool

No


Zoning

RM-6

Listed by Room Real Estate, Kroft & Hulsey Team,
Listing Contact: 4083751223 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Aldana Fontana Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Aldana Fontana Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

©2024 MLS Listing, Inc. All rights reserved. 2024

Data last updated 4:50 AM UTC, 11/22/2024

 

 

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