Duplex With Separate
For Sale
$950,000
564 Lilac Ave, Boulder Creek, CA 95006
Two residences feature updated interiors, private outdoor areas, and a detached garage on a mostly flat residential parcel.
Property Size1,511 SF
Price / SF$628.72
Days on Market1593
Property Features for 564 Lilac Ave
General Information
Standard status
Active
Size
1,511 SF
Property subtype
Residential Income
Listing Agency:
eXp Realty of California Inc
Listed By:
Shemeika K. Fox
(831) 588-2334
Source:
Exprealty
Added: Jun 28, 2022
Changed: Nov 2
Last Checked: Nov 4 at 7:43PM
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 eXp Realty of California Inc
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Investment Insights
Based on property information with market context.
This duplex property includes a 929-square-foot, two-bedroom, two-bathroom main house and a separate 582-square-foot, single-level cottage with one bedroom, one bathroom, and an additional bonus room. The main residence features an updated kitchen with quartz countertops and stainless steel appliances, hardwood floors, a dining room, oversized windows, and 9-foot ceilings. A wraparound deck provides outdoor dining or relaxation space with redwood forest views. The cottage has its own driveway and gated yard, creating distinct outdoor areas for each residence.
Both homes sit on a mostly flat, just under half-acre lot. The property also includes a detached one-car garage that can serve as a workshop or artist space. Parcel #082-107-02, measuring 3,964 square feet, is included in the sale. The property is located at 564 Lilac Avenue in Boulder Creek, California.
Both homes sit on a mostly flat, just under half-acre lot. The property also includes a detached one-car garage that can serve as a workshop or artist space. Parcel #082-107-02, measuring 3,964 square feet, is included in the sale. The property is located at 564 Lilac Avenue in Boulder Creek, California.
Key Highlights
- 929‑square‑foot main house with 2 bedrooms and 2 full bathrooms
- 582‑square‑foot single‑level cottage with 1 bedroom, 1 bathroom, and bonus room
- Updated kitchen with quartz countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,127
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,540
$842.5K
Cap Rate 7%
$601,814
$601.8K
Cap Rate 9%
$468,078
$468.1K
Market Conditions
NOI Build-Up for 1,511 SF
Gross rent
$61.6K $40.80/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$60.2K $39.83/SF
− OpEx
−$18.1K −$11.95/SF
NOI
$42.1K $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 Rate 5%
$842,540
Cap Rate 7%
$601,814
Cap Rate 9%
$468,078
Alternative Uses
Best Use
Multifamily LT 5
$601.8K
$526.6K – $702.1K
NOI $42,127 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$555.6K
$486.2K – $648.2K
NOI $38,893 @ 7.0% cap · market cap 4.09%
Theoretical Best
Retail
$864.0K
$756.0K – $1.01M
NOI $60,479 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
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Business Placement
Demographics for 95006, CA
9,454
Population
3,855
Households
2.5
Avg Household Size
47
Median Age
39%
College-Educated
94%
High-School Grad
55.2 sq mi
ZIP Area
171
Density / Sq Mi
$128,483
Median Household Income
$58,859
Median Earnings
$1,985
Median Rent
$779,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature updated interiors, private outdoor areas, and a detached garage on a mostly flat residential parcel.
Where is this duplex located?
The property is located at 564 Lilac Ave Boulder Creek, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 929‑square‑foot main house with 2 bedrooms and 2 full bathrooms; 582‑square‑foot single‑level cottage with 1 bedroom, 1 bathroom, and bonus room; Updated kitchen with quartz countertops and stainless steel appliances
