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Blue Bell Apartments 120 Trinity St

11 Unit Apartment Building $5,339,840 CAD ($485,440 CAD/Unit) 6.38% Cap Rate Santa Cruz, CA 95060

Apartment Buildings California Santa Cruz 120 Trinity St, Santa Cruz, CA 95060

INVESTMENT HIGHLIGHTS

  • 0.1mi from Santa Cruz Beach Boardwalk and area beaches

EXECUTIVE SUMMARY

11 unit garden style apartment building in the desirable Beach Hill area of Santa Cruz, CA. RTB Zone District with Coastal Zone Overlay gives this unique property development opportunities, or keep as is for a solid rental income. Property is fully occupied. Comprised of 3 buildings, all units are ground level. Unit mix is 8 1 bedrooms and 3 studios. Laundry room is on-site. 0.1 mile to Santa Cruz Beach Boardwalk and area beaches. Seller can carry partial.

ATTACHMENTS

OFFERING MEMORANDUM-092224
120 Trinity Rent Roll and Unit Mix ST
ProfileReport
NHD
AssessorMap

DATA ROOM Click Here to Access

  • Offering Memorandum
  • Third Party Reports

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $427,020 $81.74
Other Income $2,598 $0.50
Vacancy Loss - -
Effective Gross Income $429,618 $82.24
Taxes $34,145 $6.54
Operating Expenses $54,728 $10.48
Total Expenses $88,872 $17.01
Net Operating Income $340,745 $65.23

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $427,020
Annual Per SF $81.74
Other Income (CAD)
Annual $2,598
Annual Per SF $0.50
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $429,618
Annual Per SF $82.24
Taxes (CAD)
Annual $34,145
Annual Per SF $6.54
Operating Expenses (CAD)
Annual $54,728
Annual Per SF $10.48
Total Expenses (CAD)
Annual $88,872
Annual Per SF $17.01
Net Operating Income (CAD)
Annual $340,745
Annual Per SF $65.23

PROPERTY FACTS

Price $5,339,840 CAD Building Class C
Price Per Unit $485,440 CAD Lot Size 0.27 AC
Sale Type Investment Building Size 5,224 SF
Cap Rate 6.38% Average Occupancy 100%
No. Units 11 No. Stories 1
Property Type Multifamily Year Built 1939
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Low-Rise
Price $5,339,840 CAD
Price Per Unit $485,440 CAD
Sale Type Investment
Cap Rate 6.38%
No. Units 11
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.27 AC
Building Size 5,224 SF
Average Occupancy 100%
No. Stories 1
Year Built 1939
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Washer/Dryer
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Carpet
  • Garden
  • Lawn
  • Pantry
  • Patio
  • Vinyl Flooring
  • Window Coverings

SITE AMENITIES

  • 24 Hour Access

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 3 - -
1+1 8 - -
1 of 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 007-102-16-000 Total Assessment $2,918,470 CAD (2023)
Land Assessment $1,827,470 CAD (2023) Annual Taxes $34,145 CAD ($6.54 CAD/SF)
Improvements Assessment $1,091,000 CAD (2023) Tax Year 2024

PROPERTY TAXES

Parcel Number
007-102-16-000
Land Assessment
$1,827,470 CAD (2023)
Improvements Assessment
$1,091,000 CAD (2023)
Total Assessment
$2,918,470 CAD (2023)
Annual Taxes
$34,145 CAD ($6.54 CAD/SF)
Tax Year
2024

ZONING

Zoning Code RTB (RTB Zoning (Tourist, Residential, Motel) with Coastal Zone Overlay)
RTB (RTB Zoning (Tourist, Residential, Motel) with Coastal Zone Overlay)
(831) 419-6187

CONTACT

  • Listing ID: 32687486

  • Date on Market: 2024-08-04

  • Last Updated:

  • Address: 120 Trinity St, Santa Cruz, CA 95060

The Beach Hill Multifamily Property at 120 Trinity St, Santa Cruz, CA 95060 is currently available. Contact Pearl Properties for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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Blue Bell Apartments | 120 Trinity St
(831) 419-6187 x

Blue Bell Apartments | 120 Trinity St

Janet Rosenberg

(831) 419-6187

(831) 419-6187

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