307 Treasure Island Aptos, CA 95003
MULTI_FAMILY - APTOS, CA
Property Features for 307 Treasure Island
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-1-3.5
- Bedrooms
- 3
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3
- Parking
- 3
- Parking features
- Garage - Attached
- Interior features
- Vaulted Ceiling
- Standard status
- Active
- Size
- 1,400 SF
- Lot size
- 0.07 Acres
Utilities
- Heating system
- Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1962
- Number of units
- 2
- Flooring type
- Linoleum, Carpet, Laminate
- Roof type
- Composition
Listing agent Daniel Chole License #02031480 (408) 767-8162
Listing office KW Thrive Santa Cruz 1360-A 41st ave., Santa Cruz, CA (831) 457-5500
Listing date Jun 23, 2026
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 on a quiet cul-de-sac in Aptos’ Rio Del Mar neighborhood, the property is described as being steps from the sand. Access is convenient to Rio Del Mar and Seacliff beaches, Aptos Village, local restaurants and shops, and miles of hiking and biking trails, with Highway 1 access.
The configuration supports flexible occupancy, including living in one unit while renting the other, or using the separate entrances to accommodate extended-family needs.
Key Highlights
- Duplex in Rio Del Mar on a quiet cul‑de‑sac, close to sand at 307 Treasure Island Dr
- Two residences totaling approx. 1,400 sq ft: upper 2‑bed/1‑bath and lower 1‑bed/1‑bath
- Upper unit features vaulted ceilings and a private balcony
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 |
