Updated Residential Income
58-2435 Felt St, Santa Cruz, CA 95062
For Sale
$699,950
Updated two-bedroom home with vaulted ceilings, a stone fireplace, and a deck in Villa Santa Cruz.
Property Size1,829 SF
Price / SF$382.70
Days on Market58
Property Features for 58-2435 Felt St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Property In Santa Cruz
Listed By:
Gregg Camp
(831) 818-7524
Source:
Exprealty
Added: Sep 10
Changed: Oct 26
Last Checked: Nov 6 at 2:08PM
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 Property In Santa Cruz
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Investment Insights
Based on property information with market context.
This updated residential income property provides 1,829 square feet with two bedrooms and two bathrooms. The interior centers on a large great room with vaulted ceilings, wide-plank luxury vinyl flooring, and a floor-to-ceiling stone gas fireplace framed by built-in shelving and cabinetry. An open kitchen includes granite countertops, white cabinetry, a gas cooktop, skylight, and breakfast bar seating for two. French doors connect the living area to a deck, while additional bookcases provide built-in storage and display space.
The property is located in the Villa Santa Cruz community at 58-2435 Felt St in Santa Cruz, California. Natural light, the open layout, and the combination of indoor and outdoor living areas define the home’s practical residential configuration.
The property is located in the Villa Santa Cruz community at 58-2435 Felt St in Santa Cruz, California. Natural light, the open layout, and the combination of indoor and outdoor living areas define the home’s practical residential configuration.
Key Highlights
- 1,829‑square‑foot updated home with 2 bedrooms and 2 bathrooms
- Vaulted ceilings and an open great‑room layout
- Floor‑to‑ceiling stone gas fireplace with built‑in shelving and cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,078
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,560
$941.6K
Cap Rate 7%
$672,543
$672.5K
Cap Rate 9%
$523,089
$523.1K
Market Conditions
NOI Build-Up for 1,829 SF
Gross rent
$87.8K $48.00/SF
− Vacancy
−$2.2K −$1.20/SF
EGI
$85.6K $46.80/SF
− OpEx
−$38.5K −$21.06/SF
NOI
$47.1K $25.74/SF
Area
Santa Cruz County, CA
Vacancy
2.50%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,560
Cap Rate 7%
$672,543
Cap Rate 9%
$523,089
Alternative Uses
Best Use
Apartment 5plus
$672.5K
$588.5K – $784.6K
NOI $47,078 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.05M
$915.1K – $1.22M
NOI $73,208 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
670
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
$1,064,600
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Santa Cruz, CA
Properties on Market for Residential income properties in Santa Cruz
Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-bedroom home with vaulted ceilings, a stone fireplace, and a deck in Villa Santa Cruz.
Where is this residential income property located?
The property is located at 58-2435 Felt St Santa Cruz, CA.
What is the asking price?
The asking price for this property is $699,950.
What are key features of this property?
This property features: 1,829‑square‑foot updated home with 2 bedrooms and 2 bathrooms; Vaulted ceilings and an open great‑room layout; Floor‑to‑ceiling stone gas fireplace with built‑in shelving and cabinetry
