Skip To Content
    Return to Previous Page

    2801 Daubenbiss Ave

    Soquel, CA 95073
    • $7,695,000
    • STATUS: Active
    • ON SITE: 136 days
    • ID#: ML81816698
    $7,695,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,151
      SQFT
    • $690
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1933
    County:
    Area:

    School Ratings & Info

    Description

    5.03% CAP RATE ON CURRENT INCOME + UPSIDE IN RENT POTENTIAL. The Soquel Village Apartments offers investors a truly unique investment opportunity. The property has had an extensive remodel of both the interiors and exterior. The new exterior includes the following scope: new stucco siding, paint, laundry room, main electrical panels, dual pane windows, landscaping, fencing, asphalt, etc. The new interiors of 18 units include the following scope: washer/dryer in-unit (15 units), vinyl plank flooring, paint, baseboards, shaker white cabinets with quartz countertops and subway tile backsplash, stainless steel appliances, etc. There remains considerable upside in 3 ways: 1) continuing the renovation of units to achieve market rents 2) adding 1-2 detached ADUs (buyer to confirm) 3) redevelop the property utilizing the high-density zoning. The location is incredible, located in the heart of Soquel Village, near schools, shopping, restaurants and other amenities.

    Monthly Payment Calculator



    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-03-06T23:48:02.12. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

    Licensed in the State of California.
    www.dominicnicoli.com/homes/111226576
    Print Image

    2801 Daubenbiss Ave Soquel, CA 95073

    • Price: $7,695,000
    • Status: Active
    • ID#: ML81816698
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    11,151
    SQFT
    $690
    $/SQFT
    1933
    Built
    Neighborhood:
    Soquel
    County:
    Santa Cruz
    Area:
    Soquel
    Property Description
    5.03% CAP RATE ON CURRENT INCOME + UPSIDE IN RENT POTENTIAL. The Soquel Village Apartments offers investors a truly unique investment opportunity. The property has had an extensive remodel of both the interiors and exterior. The new exterior includes the following scope: new stucco siding, paint, laundry room, main electrical panels, dual pane windows, landscaping, fencing, asphalt, etc. The new interiors of 18 units include the following scope: washer/dryer in-unit (15 units), vinyl plank flooring, paint, baseboards, shaker white cabinets with quartz countertops and subway tile backsplash, stainless steel appliances, etc. There remains considerable upside in 3 ways: 1) continuing the renovation of units to achieve market rents 2) adding 1-2 detached ADUs (buyer to confirm) 3) redevelop the property utilizing the high-density zoning. The location is incredible, located in the heart of Soquel Village, near schools, shopping, restaurants and other amenities.
    Exterior Features

    Foundation Concrete PerimeterPillars / Posts / Piers Garage Parking Assigned Spaces Number Of Buildings 9 Pool YN No Roof CompositionPolyurethane Units In Complex Min 22

    Interior Features

    Beds Unit1 1 Beds Unit2 0 Beds Unit3 2 Cooling Other Heating Wall Furnace Laundry Coin OperatedWasher / Dryer Sq Ft Unit1 550 Sq Ft Unit2 450 Sq Ft Unit3 750 Structure Sq Ft 11151

    Property Features

    Accessibility Features Other Additional Listing Info Not Applicable City Name Soquel Community Name Soquel Village Apartments Hoa Amenities Additional StorageCommon Utility RoomGarden / Greenbelt / Trails Hoa YN No Lot Size Area Maximum 46958.00 Meters Master WaterSeparate ElectricSeparate Gas Rent Unit1 1795 Rent Unit2 1659 Rent Unit3 2062 Restrictions None Security Features None Sewer Septic Sewer - Public Sq Ft Source Assessor Utilities Individual Electric MetersIndividual Gas Meters Water Other Zoning Rm-2-Gh

    © 2021 MLSListings Inc. All rights reserved. Listing provided courtesy of Alex Budka of Atlantis Properties.


    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-03-06T23:48:02.12. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

    Licensed in the State of California.
     
    https://bt-photos.global.ssl.fastly.net/siliconv/1280_boomver_1_81816698-2.jpg https://bt-photos.global.ssl.fastly.net/siliconv/1280_boomver_1_81816698-2.jpg https://bt-photos.global.ssl.fastly.net/siliconv/1280_boomver_1_81816698-2.jpg
    Logo
    Intero Real Estate
    496 First Street, Ste 200
    Los Altos CA, 94022