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