Duplex with Two-Bedroom
New
For Sale
$1,399,000
521 Darwin Street, Santa Cruz, CA 95062
Both residences are tenant occupied and provide current rental income.
Property Size1,826 SF
Price / SF$766.16
Days on Market6
Property Features for 521 Darwin Street
General Information
Standard status
Active
Size
1,826 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,075
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Sherman & Boone Realtors
(831) 464-5050
Listed By:
Ryan Hinn
(408) 655-0780
Source:
Exprealty
Added: Oct 6
Changed: Oct 11
Last Checked: Oct 11 at 8:55AM
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 Sherman & Boone Realtors
Investment Insights
Based on property information with market context.
This duplex contains two residences, each with 2 bedrooms and 1 bathroom. The combined property size is 1,826 square feet, with each unit offering just over 900 square feet of living area. Both units are tenant occupied, generating rental income for the current owner.
The property is at 521 Darwin Street in Santa Cruz, California. Any future reconfiguration or alternate use would be subject to buyer review and local requirements.
The property is at 521 Darwin Street in Santa Cruz, California. Any future reconfiguration or alternate use would be subject to buyer review and local requirements.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,826 square feet total; each residence has just over 900 square feet
- Both units are currently tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,909
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,180
$1.0M
Cap Rate 7%
$727,271
$727.3K
Cap Rate 9%
$565,656
$565.7K
Market Conditions
NOI Build-Up for 1,826 SF
Gross rent
$74.5K $40.80/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$72.7K $39.83/SF
− OpEx
−$21.8K −$11.95/SF
NOI
$50.9K $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%
$1,018,180
Cap Rate 7%
$727,271
Cap Rate 9%
$565,656
Alternative Uses
Best Use
Multifamily LT 5
$727.3K
$636.4K – $848.5K
NOI $50,909 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$671.4K
$587.5K – $783.4K
NOI $47,001 @ 7.0% cap · market cap 3.36%
Theoretical Best
Retail
$1.04M
$913.6K – $1.22M
NOI $73,087 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,056
Businesses Nearby
Explore this area
Business Placement
Demographics for 95062, CA
36,268
Population
17,055
Households
2.1
Avg Household Size
43
Median Age
51%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
7,111
Density / Sq Mi
$108,261
Median Household Income
$54,059
Median Earnings
$2,291
Median Rent
$1,064,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are tenant occupied and provide current rental income.
Where is this duplex located?
The property is located at 521 Darwin Street Santa Cruz, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,826 square feet total; each residence has just over 900 square feet; Both units are currently tenant occupied
