Scotts Valley Duplex For
115 Christel Oaks Drive Scotts, Scotts Valley, CA 95066
For Sale
$1,150,000
Well-maintained duplex in desirable Scotts Valley location.
Property Size1,792 SF
Lot Size0.14 Acres
Price / SF$641.74
Days on Market278
Property Features for 115 Christel Oaks Drive Scotts
General Information
Standard status
Size
Lot size
Property subtype
Amenities
Ceiling Fan
Central Forced Air
Individual Electric Meters, Individual Gas Meters, Flat
Building Details
Building Size
Year Built
Listing Agency:
Marcus & Millichap
Listed By:
Fred Rubio · License CA #01984041
(408) 314-3009
Source:
Kw
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 8 at 11:58AM
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 Marcus & Millichap
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Investment Insights
Based on property information with market context.
Located in Scotts Valley, this duplex offers an opportunity to own an income-producing property. Constructed in 1969, the property totals 1,792 square feet and includes two identical units. Each unit features 2 bedrooms and 1.5 bathrooms, with approximately 900 square feet of living space. The layouts and natural light provide a foundation for rental income and long-term value growth.
Key Highlights
- Income‑producing duplex in desirable Scotts Valley location.
- Two identical units, each with 2 bedrooms and 1.5 baths.
- Well‑maintained property with approximately 1,792 total square feet.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,961
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$999,220
$999.2K
Cap Rate 7%
$713,729
$713.7K
Cap Rate 9%
$555,122
$555.1K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$73.1K $40.80/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$71.4K $39.83/SF
− OpEx
−$21.4K −$11.95/SF
NOI
$50.0K $27.88/SF
Area
Santa Cruz County, CA
Vacancy
2.38%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$999,220
Cap Rate 7%
$713,729
Cap Rate 9%
$555,122
Alternative Uses
Best Use
Multifamily LT 5
$713.7K
$624.5K – $832.7K
NOI $49,961 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$658.9K
$576.6K – $768.8K
NOI $46,126 @ 7.0% cap · market cap 4.01%
Theoretical Best
Retail
$1.02M
$896.6K – $1.20M
NOI $71,727 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
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Business Placement
Demographics for 95066, CA
15,483
Population
6,733
Households
2.3
Avg Household Size
45
Median Age
55%
College-Educated
96%
High-School Grad
18.7 sq mi
ZIP Area
828
Density / Sq Mi
$146,941
Median Household Income
$73,323
Median Earnings
$2,384
Median Rent
$1,113,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Santa Cruz County, CA
Properties on Market for Duplexes in Santa Cruz County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex in desirable Scotts Valley location.
Where is this duplex located?
The property is located at 115 Christel Oaks Drive Scotts Scotts Valley, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Income‑producing duplex in desirable Scotts Valley location.; Two identical units, each with **2 bedrooms and 1.5 baths.**; Well‑maintained property with approximately 1,792 total square feet.
