4736 Scotts Vly Dr, Scotts Valley, CA 95066-4226

This exceptional investment opportunity presents a stabilized, multi-tenant property located at 4736 Scotts Valley Dr, Scotts Valley, CA 95066. The 12,520 square foot complex, comprised of three buildings across two stories, boasts 8 units with 9,485 square feet of net rentable space and 48 parking spaces. Currently operating at 100% occupancy with a strong NOI of $201,913 and a 6.74% cap rate, the property offers significant upside potential. Recent renovations (2022-2024) enhance its appeal. The property features a flexible zoning (C-S) and sits on a 28,277 square foot lot, presenting redevelopment possibilities, including potential residential conversion of second-floor office space. The property's location in Scotts Valley offers a desirable combination of serene living and proximity to Santa Cruz and Los Gatos. The city's mandated housing development presents further growth opportunities. The asking price is $2,995,000 ($239.22/sq ft), with a pro-forma cap rate of 8.79% and pro-forma NOI of $263,352. The property is ideally suited for owner-users seeking flexible space with separately metered utilities, and a sale-leaseback option is available. Significant unused storage space is also available. This is a rare opportunity to acquire a high-performing asset with substantial upside potential in a rapidly growing market. Built between 1970 and 1975, the property offers a blend of established income and future development possibilities.