Remodeled 4-Unit
For Sale
$2,250,000
Pending
1803 Halterman Avenue, Santa Cruz, CA 95062
ResidentialIncome, Traditional, SantaCruz, CA
Property Size4,991 SF
Lot Size0.32 Acres
Days on Market292
Property Features for 1803 Halterman Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-3
Parking
4
Parking features
Covered
Interior features
WalkinCloset
Appliances
CooktopElectric, GarbageDisposal, HoodOverRange, OvenBuiltIn, OvenElectric, Refrigerator, WasherDryer
Lot features
Grade Level
Elementary school
LiveOakElementary
High school
SantaCruzCityHigh
Elementary school district
LiveOakElementary
High school district
SantaCruzCityHigh
Subdivision
LiveOak
Standard status
Pending
APN
029-094-21-000
Size
4,991 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Annual Amount
34992
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Building Details
Year built
1966
Number of units
4
Flooring type
Carpet
Roof type
Composition
Architectural style
Other
Listing Agency:
Bailey Properties
(831) 688-7434
Listed By:
Paul Bailey · License #00546781
(831) 818-0406
Added: Jan 6
Changed: Oct 21
Last Checked: Oct 25 at 11:06PM
MLS# ML82030395
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4-unit multifamily property contains 4,991 square feet on a 0.318-acre parcel and was built in 1966. All four kitchens and bathrooms have been remodeled. Interior features include walk-in closets, with electric heating, carpet flooring, and covered parking. The building has composition roofing and is served by public sewer.
RM-3 zoning applies to the property. A land use planner’s report identifies the possibility of adding two modular, single-level units, with surveyed building envelopes identified. The second-floor balcony and access work required under SB 721 has been completed, and the property has received pest inspection clearance.
RM-3 zoning applies to the property. A land use planner’s report identifies the possibility of adding two modular, single-level units, with surveyed building envelopes identified. The second-floor balcony and access work required under SB 721 has been completed, and the property has received pest inspection clearance.
Key Highlights
- Four‑unit property with 4,991 square feet on 0.318 acres
- All four kitchens and bathrooms have been remodeled
- RM‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,150
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,783,000
$2.8M
Cap Rate 7%
$1,987,857
$2.0M
Cap Rate 9%
$1,546,111
$1.5M
Market Conditions
NOI Build-Up for 4,991 SF
Gross rent
$203.6K $40.80/SF
− Vacancy
−$4.8K −$0.97/SF
EGI
$198.8K $39.83/SF
− OpEx
−$59.6K −$11.95/SF
NOI
$139.2K $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%
$2,783,000
Cap Rate 7%
$1,987,857
Cap Rate 9%
$1,546,111
Alternative Uses
Best Use
Multifamily LT 5
$1.99M
$1.74M – $2.32M
NOI $139,150 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$1.84M
$1.61M – $2.14M
NOI $128,468 @ 7.0% cap · market cap 5.71%
Theoretical Best
Retail
$2.85M
$2.50M – $3.33M
NOI $199,770 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
836
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - RM-3 zoning, covered parking, and updated kitchens and bathrooms complement this established multifamily property.
Where is this quadplex located?
The property is located at 1803 Halterman Avenue Santa Cruz, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Four‑unit property with 4,991 square feet on 0.318 acres; All four kitchens and bathrooms have been remodeled; RM‑3 zoning
