Duplex with Private
New
For Sale
$1,099,000
640 Tabor DR, Scotts Valley, CA 95066
Separate residences offer different bedroom layouts, indoor laundry, and individual outdoor space.
Property Size1,956 SF
Days on Market5
Property Features for 640 Tabor DR
General Information
Standard status
Active
Size
1,956 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Building Details
Building Size
1,956 SF
Year Built
1949
Buildings
1
Listing Agency:
Community Real Estate
Listed By:
Matt Draper · License #01786390
(831) 239-6240
Source:
Roomrealestate
Added: Oct 28
Changed: Oct 31
Last Checked: Oct 31 at 3:12AM
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 Community Real Estate
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Investment Insights
Based on property information with market context.
Built in 1949, this duplex contains two residences of approximately 1,000 square feet each. The upper unit has two bedrooms, one bathroom, an open floor plan, laminate flooring, plantation shutters, a gas fireplace, indoor laundry, a private patio, and a storage shed. The lower unit offers three bedrooms, one bathroom, an updated kitchen, laminate flooring, walls of windows, indoor laundry, and its own patio.
Parking includes abundant driveway space for the upper residence and a separate driveway with room for two cars at the lower unit. Glenwood Preserve, with hiking and biking trails, is across the street.
Parking includes abundant driveway space for the upper residence and a separate driveway with room for two cars at the lower unit. Glenwood Preserve, with hiking and biking trails, is across the street.
Key Highlights
- Two residences of approximately 1,000 square feet each
- Upper unit: 2 bedrooms, 1 bathroom, gas fireplace, patio, and storage shed
- Lower unit: 3 bedrooms, 1 bathroom, updated kitchen, and separate driveway with parking for 2 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,534
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,090,680
$1.1M
Cap Rate 7%
$779,057
$779.1K
Cap Rate 9%
$605,933
$605.9K
Market Conditions
NOI Build-Up for 1,956 SF
Gross rent
$79.8K $40.80/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$77.9K $39.83/SF
− OpEx
−$23.4K −$11.95/SF
NOI
$54.5K $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%
$1,090,680
Cap Rate 7%
$779,057
Cap Rate 9%
$605,933
Alternative Uses
Best Use
Multifamily LT 5
$779.1K
$681.7K – $908.9K
NOI $54,534 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$719.2K
$629.3K – $839.1K
NOI $50,347 @ 7.0% cap · market cap 4.58%
Theoretical Best
Retail
$1.12M
$978.6K – $1.30M
NOI $78,291 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
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Business Placement
Demographics for 95066, CA
15,483
Population
6,733
Households
2.3
Avg Household Size
45
Median Age
55%
College-Educated
96%
High-School Grad
18.7 sq mi
ZIP Area
828
Density / Sq Mi
$146,941
Median Household Income
$73,323
Median Earnings
$2,384
Median Rent
$1,113,000
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 - Separate residences offer different bedroom layouts, indoor laundry, and individual outdoor space.
Where is this duplex located?
The property is located at 640 Tabor DR Scotts Valley, CA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Two residences of approximately 1,000 square feet each; Upper unit: 2 bedrooms, 1 bathroom, gas fireplace, patio, and storage shed; Lower unit: 3 bedrooms, 1 bathroom, updated kitchen, and separate driveway with parking for 2 cars
