Two-Residence
For Sale
$1,300,000
17 & 18 Jolley WAY, Scotts Valley, CA 95066
Distinct upper and lower homes offer separate living spaces within one property.
Property Size1,924 SF
Days on Market9
Property Features for 17 & 18 Jolley WAY
General Information
Standard status
Active
Size
1,924 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,700
Amenities
shared laundry
Building Details
Building Size
1,924 SF
Year Built
1972
Listing Agency:
eXp Realty of California Inc
Listed By:
Strock Team · License #70010201
(831) 688-9800
Source:
Roomrealestate
Added: Oct 8
Changed: Oct 13
Last Checked: Oct 15 at 5:06AM
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 eXp Realty of California Inc
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Investment Insights
Based on property information with market context.
Built in 1972, this duplex contains two separate residences: an upper home with three bedrooms and two bathrooms, and a lower home with two bedrooms and two bathrooms. The upper residence has an open kitchen and dining area with large windows. A detached two-car garage and shared laundry serve the property, which sits at the end of a cul-de-sac among surrounding greenery.
Henry Cowell Redwoods State Park is minutes away, with Santa Cruz and nearby beaches a short drive from the property. Highway 17 connects toward the South Bay, and local shopping, dining, parks, and everyday services are in the surrounding area.
Henry Cowell Redwoods State Park is minutes away, with Santa Cruz and nearby beaches a short drive from the property. Highway 17 connects toward the South Bay, and local shopping, dining, parks, and everyday services are in the surrounding area.
Key Highlights
- Two separate residences: an upper 3‑bedroom, 2‑bath home and a lower 2‑bedroom, 2‑bath home
- Detached two‑car garage and shared laundry
- Upper residence features an open kitchen and dining area with large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,642
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,840
$1.1M
Cap Rate 7%
$766,314
$766.3K
Cap Rate 9%
$596,022
$596.0K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$78.5K $40.80/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$76.6K $39.83/SF
− OpEx
−$23.0K −$11.95/SF
NOI
$53.6K $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%
$1,072,840
Cap Rate 7%
$766,314
Cap Rate 9%
$596,022
Alternative Uses
Best Use
Multifamily LT 5
$766.3K
$670.5K – $894.0K
NOI $53,642 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$707.5K
$619.1K – $825.4K
NOI $49,524 @ 7.0% cap · market cap 3.81%
Theoretical Best
Retail
$1.10M
$962.6K – $1.28M
NOI $77,010 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Distinct upper and lower homes offer separate living spaces within one property.
Where is this duplex located?
The property is located at 17 & 18 Jolley WAY Scotts Valley, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two separate residences: an upper 3‑bedroom, 2‑bath home and a lower 2‑bedroom, 2‑bath home; Detached two‑car garage and shared laundry; Upper residence features an open kitchen and dining area with large windows
