5601 Freedom BLVD Aptos, CA 95003
LAND - APTOS, CA
Property Features for 5601 Freedom BLVD
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- SU
- Standard status
- Active
- Lot size
- 31.00 Acres
Utilities
- Water source
- Public
Listing agent Nicole Myhrstad License #02052054 (831) 818-0639
Listing office Bailey Properties 9119 Soquel Dr, Aptos, CA (831) 688-7434
Listing date May 21, 2026
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Investment Insights
Based on property information with market context.
The property is located at 5601 Freedom BLVD, Aptos, CA 95003. It is zoned SU and includes a nursery-related setting with redwoods, sunny clearings, and a koi pond with a self-sustaining waterfall, along with bamboo plantings described as the largest public bamboo grove in the U.S. The ridge has been graded and cleared, and a newly paved road provides access to the top ridge.
For tenants or buyers seeking a property that already supports an income-generating rental mix and includes dedicated commercial/art studio space, this configuration may offer practical day-to-day operating flexibility. The seller’s partial seller financing is available to qualified buyers, and the remarks also reference the possibility of subdividing for additional development on the upper ridge and an ADU concept on the property’s top ridge.
Key Highlights
- Subdivision potential with a graded and cleared 10‑acre lot on the upper ridge for a large single‑family home and a 1200‑foot ADU, accessible by a newly paved road and offering sweeping canyon views.
- Existing income‑generating property with 12 fully tenant‑occupied rental units: two homes (6,577 sq. ft. total, 9 beds/7 baths) and a commercial/art studio building (2,693 sq. ft.).
- Unique landmark property featuring the largest public bamboo grove in the U.S., redwoods, sunny clearings, and a koi pond with a self‑sustaining waterfall.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $445.0k | $48.00 |
| − Vacancy | −$11.1k | −$1.20 |
| EGI | $433.8k | $46.80 |
| − OpEx | −$195.2k | −$21.06 |
| NOI | $238.6k | $25.74 |
