140 Hillside Avenue

Ben Lomond, CA 95005

$2,700,000
Price
Beds
Baths
5,111 Sq. Ft.
$528 / Sq. Ft.
5,111
Sq. Ft.
$528
per Sq. Ft.

Description

Multi-Family Income Property Along the San Lorenzo River in the Beautiful Redwoods of Ben Lomond, In the heart of Ben Lomond, this unique 9-unit income property offers a rare opportunity to own a piece of paradise. Situated on over 1.5 acres of tranquil, creekside land along the San Lorenzo River, this property is surrounded by majestic redwoods, offering both privacy and beauty. Walk to downtown Ben Lomond or 20 Minutes to the Beaches of Santa Cruz. The property is almost always fully rented and...Multi-Family Income Property Along the San Lorenzo River in the Beautiful Redwoods of Ben Lomond, In the heart of Ben Lomond, this unique 9-unit income property offers a rare opportunity to own a piece of paradise. Situated on over 1.5 acres of tranquil, creekside land along the San Lorenzo River, this property is surrounded by majestic redwoods, offering both privacy and beauty. Walk to downtown Ben Lomond or 20 Minutes to the Beaches of Santa Cruz. The property is almost always fully rented and earns great income for the owners. The complex boasts a great mix of units: 3-bed/2-bath, 2-bed/1-bath, and 1-bed/1-bath, plus studio apartments. The property has long-term tenants and very low turnover. This property generates a gross income of $286,452 annually, with an additional $1200 in bonus income from the laundry, delivering an excellent 6%+ CAP rate. This works out to about $300K per unit. For potential owner-occupiers, the spacious 3-bed/2-bath home offers the opportunity to live in a serene, creekside setting while covering your expenses with rental income from the other units. This is a fantastic investment opportunity in one of the most picturesque locations in Ben Lomond. Don't miss your chance to own this incredible piece of real estate!
  1. Listed by Kroft & Hulsey Team • DRE #70000646 • Brokerage DRE #02014153 • Room Real Estate • 408-375-1223

Property Details for 140 Hillside Avenue

MLS City Name
BEN LOMOND
Building Type
Other
Garage Spaces
3
Parking Spaces
9
Cross Street
Hwy 9
LISTING UPDATED: 01/24/2025 02:23 PM

Property Details for 140 Hillside Avenue

StatusActive
MLS #ML81984537
Days on Compass135
Taxes$19,059 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1922
Lot Size1.53 AC / 66,777 SF
CountySanta Cruz County

Building Information for 140 Hillside Avenue

Stories-Residences-Year Built1922Building Size-Lot Size1.53 AC / 66,777 SF

Property Information for 140 Hillside Avenue

Features
Room Information
  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator, Varies by Unit
Features
  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Laundry: Coin Operated
  • Living SqFt: 5111
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Gas, Wall Furnace
  • Meters: Master Electric, Separate Electric, Separate Gas
  • Sewer Septic: Existing Septic
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Off-Street Parking, Private / Exclusive
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 12
  • Area Text: Ben Lomond
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 140
  • Street Name: Hillside
  • Street Suffix: Avenue
  • Area ID: 36
Lot / Property Details
Building Information
  • Number of Buildings: 9
  • Structure SqFt: 5111
  • Structure SqFt Source: Assessor
  • Age: 102
Development Information
  • Zoning Detail: RM-6
Location Information
  • Directions: From Ben Lomond, head west on Glen Arbor Rd toward Brookside Ave, turn left onto Hwy 9, turn right onto Hillside Ave, turn right then 140 Hillside Ave will be on the right.
  • Parcel Number: 077-151-19-000
  • County Name: Santa Cruz
  • City Name: BEN LOMOND
  • City Postal ID: 347
  • Postal Code: 95005
  • Elementary School: 834
  • Elementary School District: 830
  • Middle School Text: San Lorenzo Valley Middle
  • High School District Text: San Lorenzo Valley Unified
  • High School Text: San Lorenzo Valley High School
Lot Information
  • Foundation: Concrete Perimeter and Slab, Pillars / Posts / Piers
  • Lot Acres: 1.53
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Deck
Multi Family Information
Building Information
  • No Of Leased: 11
General Information
  • Annual Tax Amount: $19,059
  • Capitalization Rate: 6.65
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 9
Income / Expense Details
  • Expense Insurance: $14,798
  • Expense Landscape: $3,920
  • Expense Maintenance: $32,121
  • Expense Management: $0
  • Expense Trash: $7,500
  • Expenses Other: $3,560
  • Expenses Utility: $1,236
  • Expenses Total: $82,194
  • Operating Expenses Include: Accounting/Legal, Insurance, Maintenance, Review with Offer, Services - Gardener, Utilities, Vacancy Factor, Other
  • Gross Rent Multiplier: 9.39
  • Income Annual Gross: $261,763
  • Income Annual Rental: $286,452
  • Income Gross Scheduled: $287,652
  • Income Other: $1,200

Property History for 140 Hillside Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 140 Hillside Avenue

Taxable ValueLand$434,502Additions$1,059,463Total$1,493,965
Tax Record2022$18,670 ($1,556 / month)
Home Facts
Baths9Total Finished SqFt1,965 SqFtAbove Grade Finished SqFt1,965 SqFtLot Size66,777 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningRM-6CountySANTA CRUZAPN077-151-19Fireplace TypeHas Fireplace

Schools near 140 Hillside Avenue

This home is within San Lorenzo Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
San Lorenzo Valley Elementary School
PublicK to 5

San Lorenzo Valley Middle School
Public6 to 8

San Lorenzo Valley High School
Public9 to 12

Slvusd Charter School
CharterK 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.

Similar Homes

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140 Hillside Avenue is for sale in Ben Lomond, CA 95005. This property was listed for sale on October 22, 2024 by Room Real Estate, it's currently listed at $2,700,000. This listing's school district is San Lorenzo Valley Unified School District. Nearby schools include San Lorenzo Valley Elementary School, San Lorenzo Valley Middle School and San Lorenzo Valley High School. 140 Hillside Avenue is a 0-bed, 0-bath, 5,111 sqft built in 1922.

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 Room Real Estate, Kroft & Hulsey Team, DRE #70000646

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.