1803 Halterman AVE, Santa Cruz, CA 95062
MULTI_FAMILY - SANTA CRUZ, CA
- Added:
- Apr 23, 2026
- Days on Market:
- 55
- Last Refresh:
- Jun 16 at 9:06 pm
Property Features for 1803 Halterman AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM-3
- Bedrooms
- 8
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 7, Bedroom 8, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 6
- Parking
- 4
- Parking features
- Offsite, Covered
- Interior features
- Walk-in Closet
- Appliances
- Cooktop - Electric, Countertop - Laminate, Dual Fuel, Garbage Disposal, Hood Over Range, Oven - Built-In, Oven - Electric, Refrigerator
- Standard status
- Active
- Size
- 4,991 SF
- Lot size
- 0.32 Acres
Utilities
- Heating system
- Wall Furnace, Electric (Heating)
Building Details
- Year built
- 1966
- Number of units
- 4
- Flooring type
- Carpet
- Building materials
- Wood
- Roof type
- Composition
- Architectural style
- Other
Listing agent Paul Bailey License #00546781 (831) 818-0406
Listing office Bailey Properties 9119 Soquel Dr, Aptos, CA (831) 688-7434
Listing date Apr 23, 2026
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 4‑plex with strong possibility to be a 6‑plex, with building envelopes identified and the parcel surveyed
- Remodeled kitchens and bathrooms: all 4 kitchens and all 4 bathrooms have been remodeled
- SB 721 work completed for the 2nd floor balcony area and access
- Pest inspection clearance on the property
- Year built 1966; composition roof and electric (heating) / wall furnace heating
- Offsite and covered parking; interiors include walk‑in closets
Overview
Zoned RM-3 and set on a large parcel, the site has been surveyed and building envelopes have been identified. A land use planner’s report indicates a strong possibility of converting the property to a 6-plex, including the potential to add two modular, single-level units. The property is described as centrally located, close to 41st Avenue for shopping and entertainment, near Simpkins Swim Center, and within a short drive of the beach, all within a quiet neighborhood.
For buyers or investors looking for a residential income asset, this offering combines remodeled unit interiors with documented planning input regarding possible expansion on the existing parcel. It may be particularly compelling for operators who want to evaluate the feasibility of adding two modular units while acquiring a property with completed SB 721 work and clear pest inspection documentation. Please do not disturb tenants.
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
- -121.978594
- Latitude
- 36.976818
