Duplex with Two-Car
307 Treasure Island Aptos, CA 95003
307 Treasure Island, Aptos, CA, 95003
$1,185,000
For Sale
$1,185,000
Duplex offering two residences, private outdoor space, and an attached two-car garage for off-street parking.
Property Size1,400 SF
Price / SF$846.43
Days on Market137
Property Features for 307 Treasure Island
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1962
Listing agency
KW Thrive Santa Cruz
(408) 767-8162
Listed by
Daniel Chole · License #02031480
(408) 767-8162
Source
Exitrealty
Added: Mar 6 Updated: Jul 21 at 4:05AM Checked: Jul 21 at 4:05AM
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 KW Thrive Santa Cruz
Investment Insights
Based on property information with market context.
This duplex includes two separate residences. The upper home is a 2-bedroom, 1-bath layout with vaulted ceilings and a private balcony. The lower 1-bedroom, 1-bath unit includes a separate entrance and private outdoor space.
The property is located on a quiet cul-de-sac and is described as being just steps from the sand. It also provides convenient access to Rio Del Mar and Seacliff beaches, Aptos Village, local restaurants and shops, miles of hiking and biking trails, and Highway 1.
An attached two-car garage supports off-street parking and additional storage, providing practical convenience for both full-time living and rental use.
The property is located on a quiet cul-de-sac and is described as being just steps from the sand. It also provides convenient access to Rio Del Mar and Seacliff beaches, Aptos Village, local restaurants and shops, miles of hiking and biking trails, and Highway 1.
An attached two-car garage supports off-street parking and additional storage, providing practical convenience for both full-time living and rental use.
Key Highlights
- Duplex in Aptos’ Rio Del Mar neighborhood with two residences totaling approx. 1,400 sq ft
- Upper unit: 2‑bedroom, 1‑bath with vaulted ceilings, natural light, and a private balcony
- Lower unit: 1‑bedroom, 1‑bath with separate entrance and private outdoor space
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.1k | $40.80 |
| − Vacancy | −$1.4k | −$0.97 |
| EGI | $55.8k | $39.83 |
| − OpEx | −$16.7k | −$11.95 |
| NOI | $39.0k | $27.88 |
1,400 SF · lease $40.80/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$557.6K
$487.9K – $650.5K
NOI $39,032 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$514.8K
$450.5K – $600.6K
NOI $36,036 @ 7.0% cap · market cap 3.04%
Theoretical Best
Retail
$800.5K
$700.5K – $933.9K
NOI $56,036 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex offering two residences, private outdoor space, and an attached two-car garage for off-street parking.
Where is this duplex located?
The property is located at 307 Treasure Island Aptos, CA.
What is the asking price?
The asking price for this property is $1,185,000.
What are key features of this property?
This property features: Duplex in Aptos’ Rio Del Mar neighborhood with two residences totaling approx. 1,400 sq ft; Upper unit: 2‑bedroom, 1‑bath with vaulted ceilings, natural light, and a private balcony; Lower unit: 1‑bedroom, 1‑bath with separate entrance and private outdoor space
