Coldwell Banker Home Source Logo
$2,499,000
( $598.13Per Sq Foot )
 $13,415 est/mo Sourced by Back At You

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Description

Nestled among the towering redwoods of the San Lorenzo Valley, this rare 8-unit multifamily property boasts excellent rental history with low vacancy, appealing to long-term tenants, and offers the fundamentals a thoughtful investor looks for: high occupancy, high income potential, and a desirable location for easy access to highways and public transportation. Versatility of units makes this great for buyers searching for solid investment return: live in one, rent the others, or a community compound. Property has been well-maintained by the current owner. Set on a bright and sunny flat lot with one new roof, repairs, and painting completed in 2026. The property features a mix of 1- and 2-bed cottages, two 2-bed apartments, 3 studio apartments, and a 3-bed/2-bath house, with inviting front porches, vibrant exterior finishes, and a peaceful, community-oriented layout that tenants love, with the opportunity to create a large raised-bed garden. Additional highlights include on-site parking for all units and a large garage for storage and extra income potential. With the flexible unit mix and upside potential, this is an exceptional opportunity for investors seeking immediate cash flow and long-term appreciation in one of the most desirable and supply-constrained rental markets in CA.

Details

MLS #ML82055141
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1950
Days On Site34
Listing Provided ByeXp Realty of California Inc | Sage Goncharoff

Features

SQ Feet4,178
Building(s)4
ZoningR-1-15
Acreage0.71

Interior

CoolingNone
HeatingCentral, Wall Furnace
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofShingle

Taxes

Property14262

Area Information

StateCA
CountySanta Cruz
CityBen Lomond
Zip Code95005
Area699 Not Defined
Listing VS Median (in 95005)
Price:
$2,499,000
low | high
Med:
$862,500
100% of Average
sqft:
4,178
low | high
Med:
1,379
100% of Average
$ / sqft:
$598
low | high
Med:
$627
45.093895755804% of Average
On site:
34
low | high
Med:
108
31.481481481481% of Average
Sourced by Back At You

Market Activity 95005

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Coldwell Banker Home Source

Coldwell Banker Home Source

01902736 (760) 684-8100info@cbhomesource.com
StateCA
CountySanta Cruz
CityBen Lomond
Zip Code95005
Area699 Not Defined
Listing VS Median (in 95005)
Price:
$2,499,000
low | high
Med:
$862,500
100% of Average
sqft:
4,178
low | high
Med:
1,379
100% of Average
$ / sqft:
$598
low | high
Med:
$627
45.093895755804% of Average
On site:
34
low | high
Med:
108
31.481481481481% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.874M - $3.123M
sqft: 3,000 - 5,000
Nearby Listings Property ImageNearby Listings Details
9566 Mill Street Property Photo 1
$1,200,000
9566 Mill Street
Ben Lomond, CA 95005
Listing Updated: September 2, 2026 at 3:04:49 PM PDT

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