Updated Quadplex with
For Sale
$1,995,000
5031 Wilder Drive, Soquel, CA 95073
Well-maintained quadplex with updated units and private outdoor space for multiple units.
Property Size4,096 SF
Price / SF$487.06
Days on Market54
Property Features for 5031 Wilder Drive
General Information
Standard status
Active
Size
4,096 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1971
Listing Agency:
Santa Cruz Estates
(831) 332-4489
Listed By:
Jan Taylor · License #01156322
(831) 332-4489
Source:
Exitrealty
Added: Jun 29
Changed: Jul 10
Last Checked: Jul 31 at 5:36AM
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 Santa Cruz Estates
Investment Insights
Based on property information with market context.
This quadplex consists of four residential units with updates completed across the property, including the most recent updates in unit two. The layout includes outdoor space for several units: units one and two feature patios, while units three and four each offer small decks. The property is described as nicely maintained, and all required reports have been completed and included in the disclosure packet.
The address is 5031 Wilder Drive in Soquel, California. The public remarks describe the street as quiet and positioned on the “loop,” with the property presented as convenient to Capitola and Soquel.
For tenants, the configuration supports a straightforward small-multifamily arrangement, with outdoor areas attached to multiple units. For buyers, the documented updates and the availability of completed reports in the disclosure packet provide practical due diligence items. This offering is a residential income property well suited to those seeking a maintained quadplex with a mix of patio and deck access across its units.
The address is 5031 Wilder Drive in Soquel, California. The public remarks describe the street as quiet and positioned on the “loop,” with the property presented as convenient to Capitola and Soquel.
For tenants, the configuration supports a straightforward small-multifamily arrangement, with outdoor areas attached to multiple units. For buyers, the documented updates and the availability of completed reports in the disclosure packet provide practical due diligence items. This offering is a residential income property well suited to those seeking a maintained quadplex with a mix of patio and deck access across its units.
Key Highlights
- Well‑maintained quadplex built in 1971
- All units have been updated, with unit two most recently updated
- Unit 1 and unit 2 each feature a private patio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$114,198
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,283,960
$2.3M
Cap Rate 7%
$1,631,400
$1.6M
Cap Rate 9%
$1,268,867
$1.3M
Market Conditions
NOI Build-Up for 4,096 SF
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.
Gross rent
$167.1K $40.80/SF
− Vacancy
−$4.0K −$0.97/SF
EGI
$163.1K $39.83/SF
− OpEx
−$48.9K −$11.95/SF
NOI
$114.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,283,960
Cap Rate 7%
$1,631,400
Cap Rate 9%
$1,268,867
Alternative Uses
Best Use
Multifamily LT 5
$1.63M
$1.43M – $1.90M
NOI $114,198 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,431 @ 7.0% cap · market cap 5.28%
Theoretical Best
Retail
$2.34M
$2.05M – $2.73M
NOI $163,946 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
Explore this area
Business Placement
Demographics for 95073, CA
10,549
Population
4,722
Households
2.2
Avg Household Size
48
Median Age
45%
College-Educated
95%
High-School Grad
22.9 sq mi
ZIP Area
461
Density / Sq Mi
$113,929
Median Household Income
$52,054
Median Earnings
$2,093
Median Rent
$1,012,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained quadplex with updated units and private outdoor space for multiple units.
Where is this quadplex located?
The property is located at 5031 Wilder Drive Soquel, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Well‑maintained quadplex built in 1971; All units have been updated, with unit two most recently updated; Unit 1 and unit 2 each feature a private patio
