121 Walti Street

Santa Cruz, CA 95060

$1,500,000
Price
Beds
2,792 Sq. Ft.
$537 / Sq. Ft.
2,792
Sq. Ft.
$537
per Sq. Ft.

Description

Portfolio Sale: 117 Walti Street, 121 Walti Street, 231 Felix Street & 233 Felix Street Jimmy Castellanos is proud to present a highly unique multifamily portfolio consisting of four adjacent parcels located at 117-121 Walti Street and 231-233 Felix Street in Santa Cruz, CA. This rare offering features 16 charming, one-bedroom, townhome-style units, each thoughtfully designed with private balconies. Built in 1964, these units appeal to both professional and student renters, creating a diverse and...Portfolio Sale: 117 Walti Street, 121 Walti Street, 231 Felix Street & 233 Felix Street Jimmy Castellanos is proud to present a highly unique multifamily portfolio consisting of four adjacent parcels located at 117-121 Walti Street and 231-233 Felix Street in Santa Cruz, CA. This rare offering features 16 charming, one-bedroom, townhome-style units, each thoughtfully designed with private balconies. Built in 1964, these units appeal to both professional and student renters, creating a diverse and steady tenant base. The portfolios standout feature is the four separate parcels, each with a fourplex, offering flexibility and a wide range of investment possibilities. Investors have the option to purchase the entire portfolio with the potential to sell each parcel individually for a profit. Located just off Laurel Street, the property is within walking distance to downtown Santa Cruz and the lively Mission Street, known for its restaurants and shops, making it highly desirable for tenants.
  1. Listed by Jimmy Castellanos • DRE #02024152 • Brokerage DRE #01240999 • Marcus & Millichap • 408-483-5040

Property Details for 121 Walti Street

MLS City Name
SANTA CRUZ
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
4
LISTING UPDATED: 10/14/2024 08:44 PM

Property Details for 121 Walti Street

StatusActive
MLS #ML81983723
Days on Compass50
Taxes$16,321 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1964
Lot Size0.09 AC / 3,964 SF
CountySanta Cruz County

Building Information for 121 Walti Street

Stories2Residences4Year Built1964Building Size-Lot Size0.09 AC / 3,964 SF

Property Information for 121 Walti Street

Features
Features
  • Fireplace: No
  • Living SqFt: 2792
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 4
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: West Santa Cruz
  • Roof: Polyurethane
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 121
  • Street Name: Walti
  • Street Suffix: Street
  • Area ID: 43
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 2792
  • Structure SqFt Source: Assessor
  • Age: 60
Development Information
  • Construction Type: Wood Frame
  • Zoning Detail: RL
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 004-022-19-000
  • County Name: Santa Cruz
  • City Name: SANTA CRUZ
  • City Postal ID: 64
  • Postal Code: 95060
  • Elementary School: 841
  • Elementary School District: 840
  • Middle School Text: Mission Hill
  • High School District Text: Santa Cruz City High
  • High School Text: Santa Cruz High
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .09
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $16,321
  • Building Unit Total: 4
  • Capitalization Rate: 4.97
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Other
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $5,000
  • Expense Landscape: $699
  • Expense Maintenance: $2,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $730
  • Expenses Utility: $6,468
  • Expenses Total: $31,218
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Trash Removal, Utilities
  • Gross Rent Multiplier: 13.75
  • Income Annual Gross: $105,808
  • Income Annual Rental: $109,080
  • Income Gross Scheduled: $109,080
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $2,395
Unit 2 Information
  • Unit 2 Approx Square Footage: 698
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,200
Unit 3 Information
  • Unit 3 Approx Square Footage: 698
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $2,295
Unit 4 Information
  • Unit 4 Approx Square Footage: 698
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $2,200
Unit Type 1
  • Unit Type1 Approx SqFt: 698

Property History for 121 Walti Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 121 Walti Street

Taxable ValueLand$21,568Additions$68,956Total$90,524
Tax Record2024$1,715 ($143 / month)
Home Facts
Baths4Total Finished SqFt2,792 SqFtAbove Grade Finished SqFt2,792 SqFtLot Size3,964 SqFtStyleQuadraplexYear Built1964CountySANTA CRUZAPN004-022-19

Schools near 121 Walti Street

This home is within Santa Cruz City High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Bay View Elementary School
PublicK to 5

Mission Hill Middle School
Public6 to 8

Harbor High School
Public9 to 12

Soquel High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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121 Walti Street is a multi-family home for sale in Santa Cruz, CA 95060. This property was listed for sale on October 14, 2024 by Marcus & Millichap, it's currently listed at $1,500,000. This listing's school districts are Santa Cruz City High School District, Santa Cruz City Elementary School District. Nearby schools include Bay View Elementary School, Mission Hill Middle School and Harbor High School. 121 Walti Street is a 0-bed, 0-bath, 2,792 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.