Four-Unit Quadplex with
For Sale
$2,495,000
2030 Kinsley Street, Santa Cruz, CA 95062
The property combines varied unit layouts with individual garages for every residence.
Property Size4,612 SF
Price / SF$540.98
Days on Market35
Property Features for 2030 Kinsley Street
General Information
Standard status
Active
Size
4,612 SF
Property subtype
Multi-family
Building Details
Year Built
1962
Listing Agency:
eXp Realty of California Inc
Listed By:
Strock Team
(714) 497-3550
Source:
Sevengables
Added: Jul 29
Changed: Aug 31
Last Checked: Aug 31 at 8:14PM
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
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 = 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
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
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 - The property combines varied unit layouts with individual garages for every residence.
Where is this quadplex located?
The property is located at 2030 Kinsley Street 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: 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
