Updated Duplex with Attached
For Sale
$1,399,000
Pending
2050 Halterman Avenue, Santa Cruz, CA 95062
Two units provide separate laundry, garage parking, and fenced outdoor areas.
Property Size1,920 SF
Days on Market52
Property Features for 2050 Halterman Avenue
General Information
Standard status
Pending
Size
1,920 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
mature landscaping
private yards
separate laundry
fenced outdoor area
Building Details
Year Built
1970
Listing Agency:
Compass
Listed By:
Charlie Lambert · License #02241273
(831) 428-2526
Source:
Exitrealty
Added: Aug 28
Changed: Oct 3
Last Checked: Oct 2 at 6:55PM
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 Compass
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Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 1.5-bath units with approximately 1,920 square feet of combined living space. The property was built in 1970 and has been recently updated. Each residence includes separate laundry, an attached garage, and a private fenced yard, creating distinct living areas within the same building. Natural light and established landscaping, including multiple birch trees, add to the property’s physical appeal.
The property occupies a corner lot at 2050 Halterman Avenue in Santa Cruz. Chanticleer, Felt, and Jose County Parks are nearby, along with local shops, restaurants, and Santa Cruz beaches. The two-unit configuration supports owner-occupant, multigenerational, or investor use as described in the property information.
The property occupies a corner lot at 2050 Halterman Avenue in Santa Cruz. Chanticleer, Felt, and Jose County Parks are nearby, along with local shops, restaurants, and Santa Cruz beaches. The two-unit configuration supports owner-occupant, multigenerational, or investor use as described in the property information.
Key Highlights
- Two 2‑bedroom, 1.5‑bath units with approximately 1,920 square feet combined
- Recently updated duplex built in 1970
- Two attached garages with separate laundry for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,530
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,070,600
$1.1M
Cap Rate 7%
$764,714
$764.7K
Cap Rate 9%
$594,778
$594.8K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$78.3K $40.80/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$76.5K $39.83/SF
− OpEx
−$22.9K −$11.95/SF
NOI
$53.5K $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%
$1,070,600
Cap Rate 7%
$764,714
Cap Rate 9%
$594,778
Alternative Uses
Best Use
Multifamily LT 5
$764.7K
$669.1K – $892.2K
NOI $53,530 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$706.0K
$617.8K – $823.7K
NOI $49,421 @ 7.0% cap · market cap 3.53%
Theoretical Best
Retail
$1.10M
$960.6K – $1.28M
NOI $76,850 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
975
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?
Duplex - Two units provide separate laundry, garage parking, and fenced outdoor areas.
Where is this duplex located?
The property is located at 2050 Halterman Avenue Santa Cruz, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1.5‑bath units with approximately 1,920 square feet combined; Recently updated duplex built in 1970; Two attached garages with separate laundry for each unit
