Four-Unit Quadplex with
For Sale
$2,399,000
2030 Kinsley St, Santa Cruz, CA 95062
The property combines varied unit layouts with individual garages for every residence.
Property Size4,612 SF
Price / SF$520.16
Days on Market66
Property Features for 2030 Kinsley St
General Information
Standard status
Active
Size
4,612 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$18,324
Listing Agency:
eXp Realty of California Inc
Listed By:
Strock Team · License #70010201
(831) 688-9800
Source:
Exprealty
Added: Aug 14
Changed: Oct 4
Last Checked: Oct 16 at 2:14PM
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.
Located at 2030 Kinsley Street in Santa Cruz, this 4,612-square-foot quadplex was built in 1962 and contains four residences. The unit mix includes three two-bedroom homes and one three-bedroom home, giving the property a range of residential configurations. Each residence has a private garage for parking and storage. Three units have updated dual-pane windows, while all four are equipped with newer water heaters and gas ranges.
The property is near shopping, schools, Simpkins Family Swim Center, neighborhood parks, athletic fields, Twin Lakes State Beach, and the Santa Cruz Harbor. Its four-unit layout and varied floor plans provide a defined multifamily configuration in the Live Oak area of Santa Cruz.
The property is near shopping, schools, Simpkins Family Swim Center, neighborhood parks, athletic fields, Twin Lakes State Beach, and the Santa Cruz Harbor. Its four-unit layout and varied floor plans provide a defined multifamily configuration in the Live Oak area of Santa Cruz.
Key Highlights
- 4,612‑square‑foot quadplex built in 1962
- Three two‑bedroom residences and one three‑bedroom residence
- Private garage assigned to each of the four units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,584
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,571,680
$2.6M
Cap Rate 7%
$1,836,914
$1.8M
Cap Rate 9%
$1,428,711
$1.4M
Market Conditions
NOI Build-Up for 4,612 SF
Gross rent
$188.2K $40.80/SF
− Vacancy
−$4.5K −$0.97/SF
EGI
$183.7K $39.83/SF
− OpEx
−$55.1K −$11.95/SF
NOI
$128.6K $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%
$2,571,680
Cap Rate 7%
$1,836,914
Cap Rate 9%
$1,428,711
Alternative Uses
Best Use
Multifamily LT 5
$1.84M
$1.61M – $2.14M
NOI $128,584 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$1.70M
$1.48M – $1.98M
NOI $118,713 @ 7.0% cap · market cap 4.95%
Theoretical Best
Retail
$2.64M
$2.31M – $3.08M
NOI $184,600 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
820
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
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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?
Quadplex - The property combines varied unit layouts with individual garages for every residence.
Where is this quadplex located?
The property is located at 2030 Kinsley St Santa Cruz, CA.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: 4,612‑square‑foot quadplex built in 1962; Three two‑bedroom residences and one three‑bedroom residence; Private garage assigned to each of the four units
