Four-Unit Property with
New
For Sale
$2,495,000
2030 Kinsley ST, Santa Cruz, CA 95062
MULTI_FAMILY - SANTA CRUZ, CA
Property Size4,612 SF
Lot Size0.30 Acres
Price / SF$540.98
Days on Market2
Property Features for 2030 Kinsley ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-4
Bedrooms
9
Rooms
Bedroom 8, Bedroom 6, Bedroom 2, Bedroom 7, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 9
Parking
4
Parking features
Garage - Attached, Off Street, Guest
Appliances
Cooktop - Gas, Countertop - Tile, Dishwasher, Oven Range, Refrigerator
Subdivision
Live Oak
Standard status
Active
Size
4,612 SF
Lot size
0.30 Acres
Utilities
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1962
Number of units
4
Flooring type
Carpet, Linoleum, Laminate
Roof type
Composition
Listing Agency:
eXp Realty of California Inc
8885849427x119
Listed By:
Strock Team · License #70010201
(831) 688-9800
Added: Aug 14
Last Checked: Aug 15 at 12:06AM
MLS# ML82057797
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.
Investment Insights
Based on property information with market context.
Located at 2030 Kinsley ST in Santa Cruz, this 4,612-square-foot quadplex contains three two-bedroom residences and one three-bedroom residence. The property occupies 0.298 acres and was built in 1962, with each unit assigned its own attached garage for parking and storage. Current rents provide established rental income across the four residences.
Three units have updated dual-pane windows, while all four include newer water heaters and gas ranges. Additional property features include public water service, a composition roof, wall-furnace heating, and a mix of linoleum, carpet, and laminate flooring. The surrounding area includes shopping, schools, neighborhood parks, athletic fields, the Simpkins Family Swim Center, Twin Lakes State Beach, and the Santa Cruz Harbor.
Three units have updated dual-pane windows, while all four include newer water heaters and gas ranges. Additional property features include public water service, a composition roof, wall-furnace heating, and a mix of linoleum, carpet, and laminate flooring. The surrounding area includes shopping, schools, neighborhood parks, athletic fields, the Simpkins Family Swim Center, Twin Lakes State Beach, and the Santa Cruz Harbor.
Key Highlights
- Four residences: three two‑bedroom units and one three‑bedroom unit
- 4,612 square feet on a 0.298‑acre parcel
- Individual attached garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$128,584
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.15%
Second Best
Apartment 5plus
$1.70M
$1.48M – $1.98M
NOI $118,713 @ 7.0% cap · market cap 4.76%
Theoretical Best
Retail
$2.64M
$2.31M – $3.08M
NOI $184,600 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - RM-4 zoning, individual attached garages, and a mix of two- and three-bedroom residences.
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 $2,495,000.
What are key features of this property?
This property features: Four residences: three two‑bedroom units and one three‑bedroom unit; 4,612 square feet on a 0.298‑acre parcel; Individual attached garage for each unit
