SOLD 01/03/2024
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Commercial sold for $3,100,000 in 58 days
145 Canfield Ave Santa Cruz, CA, 95060
Off the market Other
Pro forma GRM of 8.6!! Pro forma cap rate 9%!! Phenomenal income property w/ incredible upside potential. Current rents & expenses show a 4.5% cap rate. Rents significantly under market. 8 of the 9 units have 1 car garages. Unit 6 is the only unit w/o a garage. There is a storage room & a laundry room w/ potential to add additional income:2 washer hookups & 2 dryer hookups. Leases run through May 31st 2024 on 8 units & June 30th 2024 on 1 unit. Great long-term tenants in place with 0 vacancy. Recent updates include new paint, new lighting, & new second story stair case. There are hardwood floors,& vinyl dual paned windows. Home inspection & pest inspection available. Build your wealth & invest in the heart of Santa Cruz close to downtown, UCSC, & commute routes. Properties w/ this mix of floor plans & abundant parking options are very rare. Floor plan scans included in the images. Some units have detached access for garages. Please do not disturb tenants. Offers subject to inspection.
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Property details
7,839 sqft interior area
Land area
15,638 sqft (0.36 acres)
Address
145 Canfield Ave, Santa Cruz, CA, 95060
City of California
Santa Cruz
County
Santa Cruz
Year Built
1958
District
Listing
Nearby major retailers
Costco Wholesale Santa Cruz #149
Public Storage
Macy's
Kohl's
Sears
Whole Foods Market
Ross
Trader Joe's
Ace Hardware
See's Candies
Supercuts
GameStop
Sprint Wireless
T-Mobile
Dollar Tree
Safeway
Marshalls
7-Eleven
AutoZone
The Home Depot
Staples
Verizon Wireless
O'Reilly Auto Parts
MetroPCS
GNC
AT&T
Jiffy Lube
Shell
Wholesale: 1
Storage rental: 2
Department store: 6
Supermarket: 7
Do it yourself: 4
Confectionery: 1
Hairdresser: 2
Video games: 1
Mobile phone: 6
Variety store: 1
Convenience: 7
Car parts: 2
Stationery: 1
Nutrition supplements: 1
Car repair: 1
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Interior Features
—
Roof
Shingle
Garage & Parking
Attached, Guest, Parking Lot
Appliances
Refrigerator
Listed by
Daniel Oster, Coldwell Banker Realty
Name
Daniel Oster
License number
01381869
Brokerage company
Coldwell Banker Realty
MLS #
ML81947326
Buyer agent
Name
Recip
Brokerage company
Out of Area Office
Payment calculator
Calculate your monthly payments
Mortgage
$9,518
Taxes
$0
HOA dues
$0
Mortgage
$620,000 / 20%
2.28%
30 years
Your amount
$9,518 / month
Lot details
TMK #00743301000
Parcel nr.
00743301000
95060 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 95060
39%
Families with children
National average: 39%
49%
Non family households
93,558
Population
$111,287
Average Income
Age & gender
Median age 37 years
More info
Commute types
73% commute by car
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Education level
25% have bachelor education
More info
Number of employees
12% work in education and healthcare
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Vehicles available
35% have 2 vehicle
More info
Vehicles by gender
35% have 2 vehicle
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Housing market insights for
$1.28m
Neighborhood average
sales price*
sales price*
$1.19m
Neighborhood median
sales price*
sales price*
212
Number
of sales*
of sales*
Housing type
56% are single detacheds
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Rooms
38% of the houses have 4 or 5 rooms
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Bedrooms
63% have 2 or 3 bedrooms
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Owners vs Renters
51% are owners
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16.83 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Jan 3, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jan 3, 2024 | Sold | $3,100,000 | 0 | Public Record |
| Jan 3, 2024 | Price Decrease | $3,100,000 -3.13% | 0 | MLS #ML81947326 |
| Nov 21, 2023 | Under contract | $3,200,000 | 0 | MLS #ML81947326 |
| Nov 7, 2023 | New Listing | $3,200,000 | 0 | MLS #ML81947326 |
Taxes of 145 Canfield Ave, Santa Cruz, CA, 95060
RM zoning / MLS #ML81947326
Zoning
RM
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Frequently Asked Questions about 145 Canfield Ave
What is 145 Canfield Ave?
145 Canfield Ave is a Commercial/Industrial propertywith 7,839 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
145 Canfield Ave, Santa Cruz, CA, 95060.
What comparable properties are nearby?
Comparable nearby commercial properties include 137 Clay St, 236 Ocean St, 221 Raymond St, 803 Pacific Ave, 501 Cedar St, 1307-1313 Seabright Ave.
Based on information from the bridgeMLS as of 04-28-2024. 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.
Listing last updated on: Jan 13, 2024
Verhouse Last checked 4 minutes ago
The closest grocery stores are La Plaza Market, 0.13 miles away and Beach Market, 0.36 miles away.
The 95060 zip area has a population of 93,558, and 39% of the families have children. The median age is 37.6 years and 73% commute by car. The most popular housing type is "single detached" and 51% is owner.
