Detached Triplex with Vacant
570 17th Avenue Santa Cruz, CA 95062
New
570 17th Avenue, Santa Cruz, CA, 95062
$1,998,000
For Sale
$1,998,000
Triplex with three detached, single-level residences, including one turnkey vacant unit and two currently occupied homes.
Property Size3,239 SF
Price / SF$616.86
Days on Market7
Property Features for 570 17th Avenue
General Information
- Standard status
- Active
- Size
- 3,239 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1976
Listing agency
Karon Properties
(940) 367-4209
Listed by
Nicole Karon · License #02189645
(940) 367-4209
Source
Exitrealty
Added: Jul 16 Updated: Jul 21 at 4:06PM Checked: Jul 21 at 4:06PM
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 Karon Properties
Investment Insights
Based on property information with market context.
This triplex consists of three detached, single-level residences, offering separate homes within one property. One unit is currently vacant, providing an opportunity for an owner-occupant to move in or for an investor to lease it, while the two remaining units are occupied to support immediate rental income.
Situated in a highly sought-after coastal neighborhood in Santa Cruz, the property is described as within walking distance of Sunny Cove, Pleasure Point, the Santa Cruz Harbor, neighborhood cafes, shopping, and local favorites along Portola Drive.
An owned solar system is included, intended to help reduce utility costs and improve operating efficiency.
Situated in a highly sought-after coastal neighborhood in Santa Cruz, the property is described as within walking distance of Sunny Cove, Pleasure Point, the Santa Cruz Harbor, neighborhood cafes, shopping, and local favorites along Portola Drive.
An owned solar system is included, intended to help reduce utility costs and improve operating efficiency.
Key Highlights
- Triplex at 570 17th Avenue with three detached, single‑level residences.
- Includes one turnkey vacant unit plus two currently occupied homes generating immediate cash flow.
- Owned solar system to help reduce utility costs and improve operating efficiency.
Local Financial Insights For Multifamily LT 5
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 | $132.2k | $40.80 |
| − Vacancy | −$3.1k | −$0.97 |
| EGI | $129.0k | $39.83 |
| − OpEx | −$38.7k | −$11.95 |
| NOI | $90.3k | $27.88 |
3,239 SF · lease $40.80/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,304 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,372 @ 7.0% cap · market cap 4.17%
Theoretical Best
Retail
$1.85M
$1.62M – $2.16M
NOI $129,644 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with three detached, single-level residences, including one turnkey vacant unit and two currently occupied homes.
Where is this triplex located?
The property is located at 570 17th Avenue Santa Cruz, CA.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: Triplex at 570 17th Avenue with three detached, single‑level residences.; Includes one turnkey vacant unit plus two currently occupied homes generating immediate cash flow.; Owned solar system to help reduce utility costs and improve operating efficiency.
