8-Unit Cottage Apartment
For Sale
$2,399,000
Highway 9, Ben Lomond, CA 95005
ResidentialIncome, Cabin, Cottage, Rustic, BenLomond, CA
Property Size4,178 SF
Lot Size0.71 Acres
Price / SF$574.20
Days on Market80
Property Features for Highway 9
General Information
Property type
Residential Multi Family
Property subtype
Cabin
Zoning
R-1-15
Parking
10
Appliances
WasherDryerSomeUnits
Lot features
Grade Mostly Level
Elementary school
SanLorenzoValleyUnified
Middle school
SanLorenzoMiddle
High school
SanLorenzoValleyUnified
Elementary school district
SanLorenzoValleyUnified
High school district
SanLorenzoValleyUnified
Directions
North on State Route 9 from Santa Cruz to Ben Lomond, just past the downtown area, on the right-hand side, at the corner of Jacobson Lane.
Subdivision
BenLomond
Standard status
Active
APN
078-083-12-000
Size
4,178 SF
Lot size
0.71 Acres
Utilities
Heating system
Forced Air, Central, Natural Gas
Water source
Public
Amenities
front porches
garage
Building Details
Year built
1950
Flooring type
Laminate, Tile, Linoleum
Roof type
Shingle
Architectural style
Cottage
Listing Agency:
Action Properties Inc · Keller Williams Realty
(650) 967-8700
Listed By:
Sage Goncharoff · License #02023630
(831) 440-7876
Added: Aug 3
Changed: Oct 21
Last Checked: Oct 21 at 11:06AM
MLS# ML82055141
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 8-unit residential property contains 4,178 square feet across a mix of one- and two-bedroom cottages, two two-bedroom apartments, three studio apartments, and a three-bedroom, two-bath house. Built in 1950, the property occupies 0.709 acres and is zoned R-1-15. Several units have washer and dryer appliances, and the buildings feature front porches, laminate, linoleum, and tile flooring, plus forced-air, natural-gas, and central heating.
On-site parking serves all units, and a large garage provides additional storage space. The property is located on Highway 9 in Ben Lomond, within the San Lorenzo Valley. Public water serves the site.
On-site parking serves all units, and a large garage provides additional storage space. The property is located on Highway 9 in Ben Lomond, within the San Lorenzo Valley. Public water serves the site.
Key Highlights
- 8 residential units across cottages, apartments, and a house
- Unit mix includes one- and two‑bedroom cottages, two 2‑bedroom apartments, three studios, and a 3‑bedroom/2‑bath house
- 4,178 square feet on a 0.709‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,542
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,150,840
$2.2M
Cap Rate 7%
$1,536,314
$1.5M
Cap Rate 9%
$1,194,911
$1.2M
Market Conditions
NOI Build-Up for 4,178 SF
Gross rent
$200.5K $48.00/SF
− Vacancy
−$5.0K −$1.20/SF
EGI
$195.5K $46.80/SF
− OpEx
−$88.0K −$21.06/SF
NOI
$107.5K $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%
$2,150,840
Cap Rate 7%
$1,536,314
Cap Rate 9%
$1,194,911
Alternative Uses
Best Use
Apartment 5plus
$1.54M
$1.34M – $1.79M
NOI $107,542 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$2.39M
$2.09M – $2.79M
NOI $167,229 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Explore this area
Business Placement
Demographics for 95005, CA
6,551
Population
2,892
Households
2.3
Avg Household Size
46
Median Age
46%
College-Educated
97%
High-School Grad
11.8 sq mi
ZIP Area
555
Density / Sq Mi
$107,857
Median Household Income
$70,932
Median Earnings
$2,358
Median Rent
$959,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix combines cottages and apartments with a three-bedroom house on the same property.
Where is this apartment building located?
The property is located at Highway 9 Ben Lomond, CA.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: 8 residential units across cottages, apartments, and a house; Unit mix includes one- and two‑bedroom cottages, two 2‑bedroom apartments, three studios, and a 3‑bedroom/2‑bath house; 4,178 square feet on a 0.709‑acre lot
