Multifamily Property with Detached
New
For Sale
$1,225,000
345 Sunbeam Avenue, Boulder Creek, CA 95006
ResidentialIncome, BoulderCreek, CA
Property Size2,385 SF
Lot Size0.39 Acres
Price / SF$513.63
Days on Market4
Property Features for 345 Sunbeam Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1-15
Parking
5
Parking features
Garage
Fireplace
1
Appliances
OvenRange, WasherDryer
Lot features
Grade Mostly Level
Elementary school
SanLorenzoValleyUnified
Middle school
SanLorenzoMiddle
High school
SanLorenzoValleyUnified
Elementary school district
SanLorenzoValleyUnified
High school district
SanLorenzoValleyUnified
Directions
Home is on the corner of Sunbeam Avenue and Meadow Drive.
Subdivision
BoulderCreek
Standard status
Active
APN
085-191-15-000
Size
2,385 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Annual Amount
6919
Utilities
Utilities
Propane
Heating system
Fireplace(s), Wood
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1961
Floors in Building
2
Flooring type
Hardwood, Carpet, Linoleum
Roof type
Shingle
Buildings
2
Listing Agency:
eXp Realty of California Inc
(888) 584-9427
Listed By:
Katie Keeler · License #01847544
(831) 588-6959
Added: Oct 27
Changed: Oct 28
Last Checked: Oct 30 at 12:06PM
MLS# ML82065857
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.
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Investment Insights
Based on property information with market context.
Set on a 0.385-acre parcel, this 1961 property combines a four-bedroom, two-and-a-half-bath main house with a detached cottage. The main residence has a formal dining room, a spacious living room, hardwood floors, and a wood-burning stove. The cottage offers an open layout with a kitchen, bathroom, and bonus room. A two-car garage and additional off-street parking are also on site.
The property is zoned R-1-15 and is located near Highway 9 in Boulder Creek. Shopping, dining, and outdoor recreation are described as minutes away.
The property is zoned R-1-15 and is located near Highway 9 in Boulder Creek. Shopping, dining, and outdoor recreation are described as minutes away.
Key Highlights
- 0.385‑acre parcel zoned R‑1‑15
- Main residence has 4 bedrooms and 2.5 bathrooms
- Detached cottage includes a kitchen, bathroom, and bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,390
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,227,800
$1.2M
Cap Rate 7%
$877,000
$877.0K
Cap Rate 9%
$682,111
$682.1K
Market Conditions
NOI Build-Up for 2,385 SF
Gross rent
$114.5K $48.00/SF
− Vacancy
−$2.9K −$1.20/SF
EGI
$111.6K $46.80/SF
− OpEx
−$50.2K −$21.06/SF
NOI
$61.4K $25.74/SF
Area
Santa Cruz County, CA
Vacancy
2.50%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,227,800
Cap Rate 7%
$877,000
Cap Rate 9%
$682,111
Alternative Uses
Best Use
Apartment 5plus
$877.0K
$767.4K – $1.02M
NOI $61,390 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.36M
$1.19M – $1.59M
NOI $95,462 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 95006, CA
9,454
Population
3,855
Households
2.5
Avg Household Size
47
Median Age
39%
College-Educated
94%
High-School Grad
55.2 sq mi
ZIP Area
171
Density / Sq Mi
$128,483
Median Household Income
$58,859
Median Earnings
$1,985
Median Rent
$779,300
Median Home Value
Check the figures for this property
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?
Multifamily property - A four-bedroom main house is accompanied by a separate cottage with its own kitchen and bathroom.
Where is this multifamily property located?
The property is located at 345 Sunbeam Avenue Boulder Creek, CA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 0.385‑acre parcel zoned R‑1‑15; Main residence has 4 bedrooms and 2.5 bathrooms; Detached cottage includes a kitchen, bathroom, and bonus room
