Four-Unit Multifamily
For Sale
$2,495,000
5058 Wilder DR, Soquel, CA 95073
Residential Income (2-4 units), SOQUEL, CA
Property Size3,806 SF
Lot Size0.16 Acres
Price / SF$655.54
Days on Market48
Property Features for 5058 Wilder DR
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-2.5
Bedrooms
8
Rooms
Bedroom 5, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 8, Bedroom 6, Bedroom 7, Bedroom 2
Parking
4
Parking features
Covered, Carport
Appliances
Appliances - Vary by Unit, Oven Range, Refrigerator, Varies by Unit
Subdivision
Soquel
Standard status
Active
Size
3,806 SF
Lot size
0.16 Acres
Utilities
Heating system
Wall Furnace
Water source
Public
Amenities
coin-operated laundry
semi-private enclosed yards
Building Details
Year built
1968
Number of units
4
Roof type
Composition
Listing Agency:
David Lyng Real Estate
(831) 429-5700
Listed By:
Kathleen Hall · License #01098602
(831) 588-5993
Added: Jul 16
Changed: Aug 28
Last Checked: Sep 1 at 6:06AM
MLS# ML82030867
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.
This four-unit multifamily property contains 3,806 square feet and was built in 1968. Each residence offers two bedrooms and one bathroom, for a combined total of eight bedrooms and four bathrooms. Three units have been remodeled, while the rear residence features a two-story townhome-style layout. Each unit includes front and rear access doors along with a semi-private enclosed yard.
The property sits on 0.162 acres in Soquel, California, with covered carport parking for four vehicles and additional uncovered on-site parking. Limited carport storage is also provided. A utility room includes coin-operated laundry equipment, and the building is served by public water and wall-furnace heating. The property is zoned RM-2.5.
The property sits on 0.162 acres in Soquel, California, with covered carport parking for four vehicles and additional uncovered on-site parking. Limited carport storage is also provided. A utility room includes coin-operated laundry equipment, and the building is served by public water and wall-furnace heating. The property is zoned RM-2.5.
Key Highlights
- Four units with 2 bedrooms and 1 bathroom per residence
- 3,806 square feet on a 0.162‑acre parcel
- Three of four units have been remodeled
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
$106,112
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
4.25%
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%
$2,122,240
$2.1M
Cap Rate 7%
$1,515,886
$1.5M
Cap Rate 9%
$1,179,022
$1.2M
Market Conditions
NOI Build-Up for 3,806 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
$155.3K $40.80/SF
− Vacancy
−$3.7K −$0.97/SF
EGI
$151.6K $39.83/SF
− OpEx
−$45.5K −$11.95/SF
NOI
$106.1K $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%
$2,122,240
Cap Rate 7%
$1,515,886
Cap Rate 9%
$1,179,022
Alternative Uses
Best Use
Multifamily LT 5
$1.52M
$1.33M – $1.77M
NOI $106,112 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,966 @ 7.0% cap · market cap 3.93%
Theoretical Best
Retail
$2.18M
$1.90M – $2.54M
NOI $152,339 @ 7.0% cap · market cap 6.11%
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 residential income property with remodeled units, enclosed yards, carport parking, and on-site laundry.
Where is this quadplex located?
The property is located at 5058 Wilder DR Soquel, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Four units with 2 bedrooms and 1 bathroom per residence; 3,806 square feet on a 0.162‑acre parcel; Three of four units have been remodeled
