Turnkey Multifamily
For Sale
Contact for pricing
1606 Soquel Ave, Santa Cruz, CA 95062
Built in 2008, the 36-studio multifamily property includes a 1-bedroom unit and a paying commercial unit.
Property SizeContact for details
Days on Market135
Property Features for 1606 Soquel Ave
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
37
Building Details
Year Built
2008
Listing Agency:
Authentic Real Estate Office
(831) 426-0294
Listed By:
Sean Sullivan · License #CA 01941525
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 11:13PM
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 Authentic Real Estate Office
Investment Insights
Based on property information with market context.
This turnkey multifamily building was constructed in 2008 and is fully solar, with both photovoltaic and hot water systems. The property features individual PG&E meters for each unit along with a master water meter, and it is currently reported as 100% occupied with no deferred maintenance. The mix includes 36 studio apartments plus one 1-bedroom, 1-bath unit, and there is also one commercial unit paying rent with a 3% annual increase.
The public remarks also note that 15 of the 36 studios are low-income units, and the building received a Green building award from the City of Santa Cruz in 2008.
The building is maintained as a single residential income asset with an operating commercial component, totaling 38 studio units count referenced in the remarks alongside the additional 1-bedroom unit and commercial unit.
The public remarks also note that 15 of the 36 studios are low-income units, and the building received a Green building award from the City of Santa Cruz in 2008.
The building is maintained as a single residential income asset with an operating commercial component, totaling 38 studio units count referenced in the remarks alongside the additional 1-bedroom unit and commercial unit.
Key Highlights
- Built in 2008: 36 studio apartments plus a 1‑bedroom unit and 1 commercial unit
- Fully solar with photovoltaic and hot water; Green building award from the City of Santa Cruz (2008)
- Individual PG&E meters for each unit and a master water meter
Property Analytics
Property Profile
Current Use
Lease Details
37
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,473
Businesses Nearby
Explore this area
Business Placement
Demographics for 95062, CA
36,268
Population
17,055
Households
2.1
Avg Household Size
43
Median Age
51%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
7,111
Density / Sq Mi
$108,261
Median Household Income
$54,059
Median Earnings
$2,291
Median Rent
$1,064,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 2008, the 36-studio multifamily property includes a 1-bedroom unit and a paying commercial unit.
Where is this apartment building located?
The property is located at 1606 Soquel Ave Santa Cruz, CA.
What are key features of this property?
This property features: Built in 2008: 36 studio apartments plus a 1‑bedroom unit and 1 commercial unit; Fully solar with photovoltaic and hot water; Green building award from the City of Santa Cruz (2008); Individual PG&E meters for each unit and a master water meter
