Property Details
About this Property
Multi-Family Income Property Along the San Lorenzo River in the Beautiful Redwoods of Ben Lomond, 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. 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. This works out to about $300K per unit. 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!
MLS Listing Information
MLS #
ML81984537
MLS Source
MLSListings, Inc.
Days on Site
69
Interior Features
Kitchen
Varies by Unit
Appliances
Dishwasher, Garbage Disposal, Oven Range
Flooring
Carpet, Tile, Vinyl/Linoleum
Laundry
Coin Operated
Cooling
None
Heating
Gas, Wall Furnace
Exterior Features
Roof
Composition
Foundation
Pillar/Post/Pier, Concrete Perimeter and Slab
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Private / Exclusive, Garage: 3 Car(s)
Elementary District
San Lorenzo Valley Unified
High School District
San Lorenzo Valley Unified
Sewer
Septic Tank
Water
Public
Zoning
RM-6
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 9 | 11 | 12 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
140 Hillside Ave is a Residential Income in Ben Lomond, CA 95005. This 5,111 square foot property sits on a 1.533 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,700,000 and was built in 1922. This address can also be written as 140 Hillside Ave, Ben Lomond, CA 95005.
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This listing information is up-to-date as of December 27, 2024. For the most current information, please contact Kroft & Hulsey Team, (408) 375-1223
