4-Unit Residential Property with Private Outdoor
358 Sea Ridge Road, Aptos, CA 95003
For Sale
New
$1,495,000
ResidentialIncome, Aptos, CA
Property Size4,028 SF
Lot Size0.16 Acres
Price / SF$371.15
Days on Market3
Property Features for 358 Sea Ridge Road
General Information
Property type
Property subtype
Zoning
Parking
Fireplace
Appliances
Elementary school
High school
Elementary school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
shared laundry room
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Listing Agency:
David Lyng Real Estate
(831) 429-5700
Listed By:
Janet Romanowski · License #00826867
(831) 359-5454
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 2:06AM
MLS# ML82066823
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.
Four residential units span 4,028 square feet on a 0.163-acre parcel in Aptos. Each residence has single-level living, a living room, separate dining area, wood-burning fireplace, forced-air heating, and sliding doors to a deck, patio, or backyard. Shared amenities include coin-operated laundry, and the property provides six off-street parking spaces. Built in 1981, the improvements also feature central heat, ceiling fans, public water and sewer, and a composition roof.
The property is located a few blocks from Seacliff Beach. Nearby destinations named in the property information include Marianne’s Ice Cream, Manuel’s Restaurant, Pizza My Heart, and Rancho Del Mar Shopping Center. The units are subject to RM-2.5 zoning.
The property is located a few blocks from Seacliff Beach. Nearby destinations named in the property information include Marianne’s Ice Cream, Manuel’s Restaurant, Pizza My Heart, and Rancho Del Mar Shopping Center. The units are subject to RM-2.5 zoning.
Key Highlights
- Four units totaling 4,028 square feet on 0.163 acres
- RM‑2.5 zoning
- Six off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,302
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,246,040
$2.2M
Cap Rate 7%
$1,604,314
$1.6M
Cap Rate 9%
$1,247,800
$1.2M
Market Conditions
NOI Build-Up for 4,028 SF
Gross rent
$164.3K $40.80/SF
− Vacancy
−$3.9K −$0.97/SF
EGI
$160.4K $39.83/SF
− OpEx
−$48.1K −$11.95/SF
NOI
$112.3K $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%
$2,246,040
Cap Rate 7%
$1,604,314
Cap Rate 9%
$1,247,800
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.87M
NOI $112,302 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$1.48M
$1.30M – $1.73M
NOI $103,681 @ 7.0% cap · market cap 6.94%
Theoretical Best
Retail
$2.30M
$2.02M – $2.69M
NOI $161,225 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
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Business Placement
Demographics for 95003, CA
24,706
Population
11,728
Households
2.1
Avg Household Size
50
Median Age
54%
College-Educated
96%
High-School Grad
32.4 sq mi
ZIP Area
763
Density / Sq Mi
$140,990
Median Household Income
$63,609
Median Earnings
$2,548
Median Rent
$1,154,000
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Santa Cruz County, CA
Properties on Market for Quadplexes in Santa Cruz County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - RM-2.5 zoning, six off-street spaces, and shared laundry support the property’s four-unit configuration.
Where is this quadplex located?
The property is located at 358 Sea Ridge Road Aptos, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Four units totaling 4,028 square feet on 0.163 acres; RM‑2.5 zoning; Six off‑street parking spaces
