Residential Income
1006 Seabright Avenue Santa Cruz, CA 95062
For Sale
$1,947,500
Triplex includes two-bedroom front home, a legal one-bedroom back unit, and a detached cottage with private yard access.
Property Size2,250 SF
Price / SF$865.56
Days on Market27
Property Features for 1006 Seabright Avenue
General Information
- Standard status
- Active
- Size
- 2,250 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1946
Listing Agency:
Time Realty
(831) 476-8463
Listed By:
Anthony Silveira · License #00572781
(831) 476-8463
Source:
Exitrealty
Added: Jul 1
Changed: Jul 21
Last Checked: Jul 27 at 6:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Time Realty
Investment Insights
Based on property information with market context.
This 1946 post–WW2 Santa Cruz bungalow offers three distinct residential units: a two-bedroom front home, a back 1960’s one-bedroom that is legal, and a separate legal detached cottage. The front home features original wood floors and a dramatic Deco stucco arch, with a kitchen that includes original tile counters and a newer retro gas stove. The bathroom in the front unit has new flooring and lighting, and the bedrooms include walk-in closets. The front home also offers high open living room ceilings with a fireplace, plus a kitchen/dining room door that provides access to its own private yard area.
The back one-bedroom has newer laminate flooring throughout and newer carpet in the bedroom. The detached cottage includes its own kitchen and full bath. The property has an oversized lot with a full-size two-car garage and a second washer/dryer hookup. All units have separate PG&E meters, with two separate gas meters.
Additional on-site separation supports multi-unit living, with dedicated living areas across the front home, back unit, and detached cottage. The property is located in Seabright, noted as convenient to the harbor and beaches.
The back one-bedroom has newer laminate flooring throughout and newer carpet in the bedroom. The detached cottage includes its own kitchen and full bath. The property has an oversized lot with a full-size two-car garage and a second washer/dryer hookup. All units have separate PG&E meters, with two separate gas meters.
Additional on-site separation supports multi-unit living, with dedicated living areas across the front home, back unit, and detached cottage. The property is located in Seabright, noted as convenient to the harbor and beaches.
Key Highlights
- Triplex built in 1946: 2‑bedroom front home plus a legal 1‑bedroom back unit and a separate detached cottage
- Front home features original wood floors and a dramatic Deco stucco arch
- Front home includes a fireplace and high open living room ceilings
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.8k | $40.80 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $89.6k | $39.83 |
| − OpEx | −$26.9k | −$11.95 |
| NOI | $62.7k | $27.88 |
2,250 SF · lease $40.80/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$896.2K
$784.1K – $1.05M
NOI $62,731 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$827.4K
$723.9K – $965.3K
NOI $57,915 @ 7.0% cap · market cap 2.97%
Theoretical Best
Retail
$1.29M
$1.13M – $1.50M
NOI $90,059 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex includes two-bedroom front home, a legal one-bedroom back unit, and a detached cottage with private yard access.
Where is this triplex located?
The property is located at 1006 Seabright Avenue Santa Cruz, CA.
What is the asking price?
The asking price for this property is $1,947,500.
What are key features of this property?
This property features: Triplex built in 1946: 2‑bedroom front home plus a legal 1‑bedroom back unit and a separate detached cottage; Front home features original wood floors and a dramatic Deco stucco arch; Front home includes a fireplace and high open living room ceilings
