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123 Pearl St

9 Unit Apartment Building $4,004,353 CAD ($444,928 CAD/Unit) 6.33% Cap Rate Santa Cruz, CA 95060

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Executive Summary

123 Pearl Street is a quaint 9 unit building located on a quiet mostly single family neighborhood near the San Lorenzo river. This Property includes: (2) 2 Bedroom / 1 Bathroom Units, (5) 1 Bedroom / 1 Bathroom Units, and (2) Studios. The property features vaulted wood ceilings, a new roof in 2023, and fully upgraded electrical system. Most units boast upgraded flooring and granite counters with five of the units having dual entry. 123 Pearl St. is 3/5 of a mile to the Beach and Boardwalk (83 Walk Score & 99 Bike Score). Can be purchased separately or in combination with 409 2nd St (4 Units) and or 413-417 2nd St. (12 Units).

Property Facts

Price	$4,004,353 CAD	Building Class	C
Price Per Unit	$444,928 CAD	Lot Size	0.20 AC
Sale Type	Investment	Building Size	5,152 SF
Cap Rate	6.33%	Average Occupancy	100%
Gross Rent Multiplier	11.87	No. Stories	1
No. Units	9	Year Built	1959
Property Type	Multifamily	Parking Ratio	1.75/1,000 SF
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.

Price	$4,004,353 CAD
Price Per Unit	$444,928 CAD
Sale Type	Investment
Cap Rate	6.33%
Gross Rent Multiplier	11.87
No. Units	9
Property Type	Multifamily
Property Subtype	Apartment
Building Class	C
Lot Size	0.20 AC
Building Size	5,152 SF
Average Occupancy	100%
No. Stories	1
Year Built	1959
Parking Ratio	1.75/1,000 SF
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.

Unit Amenities

Disposal

Heating

Ceiling Fans

Vaulted Ceiling

Site Amenities

Laundry Facilities

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
Studios	2	-	350
1+1	5	-	550
2+1	2	-	650

1 of 1

Walk Score ®

Very Walkable (83)

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 Numbers	Multiple 010-166-35-000 010-166-34-000	Improvements Assessment	$1,254,102 CAD
Land Assessment	$2,577,878 CAD	Total Assessment	$3,831,980 CAD