1803 Halterman Avenue, Santa Cruz, CA 95062
Well-maintained fourplex featuring remodeled kitchens and bathrooms, with surveyed envelopes for possible additional units.
- Added:
- Jan 9, 2026
- Days on Market:
- 179
- Last Refresh:
- Jul 1 at 3:53 am
Property Features for 1803 Halterman Avenue
General Information
- Standard status
- Active
- Size
- 4,991 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1966
Listing office Bailey Properties (831) 818-0406
Listing date Jan 9, 2026
Source Exitrealty
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 Bailey Properties
HighLights
- Well‑maintained fourplex built in 1966 with remodeled kitchens and bathrooms in all 4 units
- Report by a land use planner indicates strong possibility to expand to a 6‑plex
- Parcel has been surveyed with building envelopes identified for potential additional units
- SB 721 work completed for the 2nd‑floor balcony area and access
- Pest Inspection Clearance on the property
- Possible to add 2 modular, single‑level units
Overview
The home is centrally located and sits on a large parcel in a quiet neighborhood. It is close to 41st Avenue for shopping and entertainment and near Simpkins Swim Center. The remarks also note it is a short drive to the beach. The property has a pest inspection clearance.
For buyers or operators seeking a small income property with an expansion pathway, the identified building envelopes and possible addition of two modular, single-level units may be important considerations. The second-floor balcony area and access have had all SB 721 work completed. Tenants are currently in place; please do not disturb them.
Local 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 | $203.6k | $40.80 |
| − Vacancy | −$4.8k | −$0.97 |
| EGI | $198.8k | $39.83 |
| − OpEx | −$59.6k | −$11.95 |
| NOI | $139.2k | $27.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Santa Cruz
- County
- Santa Cruz
- State
- California
- Longitude
- -121.9785931
- Latitude
- 36.9768156
