Property profile

3230-3240 Mission Dr Santa Cruz, CA 95065

OFF-MARKET
Residential income homes
20,604 SF Built 1975
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Property summary

AI-generated overview

This exceptional investment opportunity presents a delightful six-unit multifamily property nestled in Santa Cruz, California. The portfolio comprises three stand-alone homes, one attached home, and two townhome-style units, all situated on a spacious lot with ample off-street parking. The property boasts a total of 20,604 square feet and is zoned RM-3. The original three-bedroom, two-bathroom home features a charming pergola entry and a lush garden. Two townhome-style units, each offering a two-story, two-bedroom, 1.5-bathroom layout (985 sq ft), and a single-level, two-bedroom, one-bathroom attached home (830 sq ft with potential expansion to 1030 sq ft) complete the front section. The rear of the property includes two additional stand-alone homes, each with an attached garage offering expansion potential. One features a two-bedroom, one-bathroom floor plan (911 sq ft, expandable to 1111 sq ft), and the other a two-bedroom, 1.5-bathroom floor plan (982 sq ft, expandable to 1182 sq ft). Two outbuildings offer potential for conversion to accessory dwelling units (ADUs). The property is offered at $2,975,000, with seller financing available (30% down, low monthly payments). The property's location in Mid-County Santa Cruz (3230-3240 Mission Drive, 95065) provides excellent access to local amenities and attractions. Existing documentation allows for potential subdivision or TIC conversion. Each of the back three homes has separate utilities (water, gas, and electric). This presents a unique opportunity for significant upside potential through ADU conversions and/or property subdivision. Built in 1975, this Class B property offers a compelling return on investment.

Property profile

Verified
Property type Residential income homes
Year built 1975
Total area 20,604 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3230-3240 Mission Dr Santa Cruz, CA 95065
Santa Cruz metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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