Turnkey Multifamily Cabin
13070 Redwood Avenue Boulder Creek, CA 95006
13070 Redwood Avenue, Boulder Creek, CA, 95006
$1,495,000
For Sale
$1,495,000
Turnkey multifamily offering seven stand-alone cabins with private entrances and on-site parking.
Property Size2,434 SF
Lot Size1.50 Acres
Price / SF$614.22
Days on Market200
Property Features for 13070 Redwood Avenue
General Information
- Standard status
- Active
- Size
- 2,434 SF
- Lot size
- 1.50 Acres
- Property subtype
- 5+ Units / Five or More Units
Building Details
- Year Built
- 1946
Listing agency
Thunderbird Real Estate
(831) 212-1972
Listed by
Vic Morvay · License #00685994
(831) 212-1972
Source
Compass
Added: Jan 2 Updated: Jul 20 at 10:30PM Checked: Jul 21 at 6:27AM
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 Thunderbird Real Estate
Investment Insights
Based on property information with market context.
This fully renovated multifamily property is presented as a turnkey investment, with seven stand-alone cabins featuring private entrances and on-site parking. The units have been recently remodeled, supporting a low-maintenance ownership profile based on the property’s current condition.
The property is located at 13070 Redwood Avenue in Boulder Creek, approximately two blocks from downtown shops, restaurants, and transit. Tenants pay for all utilities, trash, and water. The offering is also described as qualifying for a California SB9 development plan, and the seller indicates that concessions may be considered.
The property is located at 13070 Redwood Avenue in Boulder Creek, approximately two blocks from downtown shops, restaurants, and transit. Tenants pay for all utilities, trash, and water. The offering is also described as qualifying for a California SB9 development plan, and the seller indicates that concessions may be considered.
Key Highlights
- 1946‑built, fully renovated multifamily on a 1.5‑acre parcel
- Seven stand‑alone cabins each with a private entrance and on‑site parking
- Tenants pay all utilities, trash, and water
Local Financial Insights For Apartment 5plus
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 | $116.8k | $48.00 |
| − Vacancy | −$2.9k | −$1.20 |
| EGI | $113.9k | $46.80 |
| − OpEx | −$51.3k | −$21.06 |
| NOI | $62.7k | $25.74 |
2,434 SF · lease $48.00/SF/yr · vacancy 2.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$895.0K
$783.1K – $1.04M
NOI $62,651 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.39M
$1.22M – $1.62M
NOI $97,423 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Turnkey multifamily offering seven stand-alone cabins with private entrances and on-site parking.
Where is this apartment building located?
The property is located at 13070 Redwood Avenue Boulder Creek, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 1946‑built, fully renovated multifamily on a 1.5‑acre parcel; Seven stand‑alone cabins each with a private entrance and on‑site parking; Tenants pay all utilities, trash, and water
