Multifamily Property with Bus
For Sale
$812,500
Highway 9 Boulder, Boulder Creek, CA 95006
Income-producing multifamily asset near downtown Boulder Creek with public water and natural gas availability.
Property SizeContact for details
Days on Market73
Property Features for Highway 9 Boulder
General Information
Standard status
Active
Property subtype
Multi-Family
Amenities
Window/Wall Unit
Gas
Wall Furnace
Appliances - Vary by Unit
Natural Gas Available, Water - Public, Composition, Rolled/Hot Mop, Tar/Gravel
Building Details
Year Built
1905
Listing Agency:
Morgan Real Estate
(831) 435-8734
Listed By:
Peter Tiemann
(831) 435-8734
Source:
Kw
Added: Jun 11
Changed: Aug 21
Last Checked: Aug 21 at 2:15PM
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 Morgan Real Estate
Investment Insights
Based on property information with market context.
This multifamily property was built in 1905 and occupies about 3/4 of an acre along Highway 9 in Boulder Creek. Unit features include window or wall units, gas service, wall furnaces, and appliances that vary by unit. The property can remain in its current operating configuration, with potential upgrades identified in the property information.
A bus stop is located next to the property, and downtown Boulder Creek stores are within walking distance. Approximately half of the units have below-market rents, with many tenants having occupied their units for several years. Utilities are billed to the landlord, with tenants charged prorated amounts for water, garbage, gas, and electric. The reported cap rate is over 8%.
A bus stop is located next to the property, and downtown Boulder Creek stores are within walking distance. Approximately half of the units have below-market rents, with many tenants having occupied their units for several years. Utilities are billed to the landlord, with tenants charged prorated amounts for water, garbage, gas, and electric. The reported cap rate is over 8%.
Key Highlights
- About 3/4 of an acre along Highway 9 in Boulder Creek
- Built in 1905 with multifamily unit improvements
- Bus stop next to the property
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Income-producing multifamily asset near downtown Boulder Creek with public water and natural gas availability.
Where is this multifamily property located?
The property is located at Highway 9 Boulder Boulder Creek, CA.
What is the asking price?
The asking price for this property is $812,500.
What are key features of this property?
This property features: About 3/4 of an acre along Highway 9 in Boulder Creek; Built in 1905 with multifamily unit improvements; Bus stop next to the property
