52 Terrace View Drive

Scotts Valley, CA 95066

$1,898,000
Price
Beds
3,052 Sq. Ft.
$622 / Sq. Ft.
3,052
Sq. Ft.
$622
per Sq. Ft.

Description

This turn-key triplex is located in a prime location at the heart of Scotts Valley. Just off Scotts Valley Dr and a quarter mile up from Mt Hermon Rd, your tenants will enjoy convenient access to restaurants, grocery stores, Scotts Valley Middle School, and more. With two out of three units having undergone extensive renovations this year, the entire property is in excellent physical condition, and you wont have to worry about significant ongoing maintenance, as current ownership has taken immaculate...This turn-key triplex is located in a prime location at the heart of Scotts Valley. Just off Scotts Valley Dr and a quarter mile up from Mt Hermon Rd, your tenants will enjoy convenient access to restaurants, grocery stores, Scotts Valley Middle School, and more. With two out of three units having undergone extensive renovations this year, the entire property is in excellent physical condition, and you wont have to worry about significant ongoing maintenance, as current ownership has taken immaculate care of the asset. These large, renovated units have the potential to achieve top-of-the-market rents and offer tenants a wonderful place to call home. There is a large 3 bed/2 bath "owner's unit" that has a very large floorplan, master bathroom, lots of closet space, a fireplace, high ceilings, and a quaint backyard. There are 3 covered parking spaces on site, with lots of uncovered parking as well as storage space. An on-site laundry facility allows for extra income, however, even more income can be captured by adding washer and dryer machines into each apartment unit. One of the most exciting aspects of this property is the potential to up to 2 ADUs on the 2,800 SF yard space in the back of the parcel. What are you waiting for?
  1. Listed by Joe Budka • DRE #01913402 • Brokerage DRE #02166543 • Redwood Property Company • 831-224-6903

Property Details for 52 Terrace View Drive

MLS City Name
SCOTTS VALLEY
Building Type
TRIPLEX
Garage Spaces
0
Parking Spaces
6
LISTING UPDATED: 10/28/2024 02:48 PM

Property Details for 52 Terrace View Drive

StatusActive
MLS #ML81975051
Days on Compass92
Taxes$21,258 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1972
Lot Size0.25 AC / 10,803 SF
CountySanta Cruz County

Building Information for 52 Terrace View Drive

Stories-Residences3Year Built1972Building Size-Lot Size0.25 AC / 10,803 SF

Property Information for 52 Terrace View Drive

Features
Features
  • Fireplace: No
  • Living SqFt: 3052
  • Pool: No
  • Security Features: None
  • Special Features: Other
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 3
Garage
  • Garage and Parking: Carport, Off-Street Parking, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Scotts Valley
  • Roof: Composition
  • Subclass: Triplex
  • Year Built Source: Assessor
  • Street Number: 52
  • Street Name: Terrace View
  • Street Suffix: Drive
  • Area ID: 39
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 3052
  • Structure SqFt Source: Assessor
  • Age: 52
Development Information
  • Zoning Detail: Buyer to confirm
Location Information
  • Parcel Number: 022-171-07-000
  • County Name: Santa Cruz
  • City Name: SCOTTS VALLEY
  • City Postal ID: 66
  • Postal Code: 95066
  • Elementary School District: 860
  • High School District Text: Scotts Valley Unified
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .25
  • 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: 3
General Information
  • Annual Tax Amount: $21,258
  • Building Unit Total: 3
  • Capitalization Rate: 3.85
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $3,343
  • Expense Landscape: $1,200
  • Expense Maintenance: $1,800
  • Expense Management: $0
  • Expense Trash: $2,880
  • Expenses Other: $0
  • Expenses Utility: $3,600
  • Expenses Total: $34,081
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Utilities
  • Gross Rent Multiplier: 17.70
  • Income Annual Gross: $107,220
  • Income Annual Rental: $105,720
  • Income Gross Scheduled: $107,220
  • Income Other: $1,500
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $3,675
Unit 2 Information
  • Unit 2 Approx Square Footage: 850
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,650
Unit 3 Information
  • Unit 3 Approx Square Footage: 850
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,485
Unit Type 1
  • Unit Type1 Approx SqFt: 1352

Property History for 52 Terrace View Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 52 Terrace View Drive

This home is within Scotts 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
Vine Hill Elementary School
PublicK to 5

Scotts Valley Middle School
Public6 to 8

Scotts Valley 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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52 Terrace View Drive is a multi-family home for sale in Scotts Valley, CA 95066. This property was listed for sale on July 31, 2024 by Redwood Property Company, it's currently listed at $1,898,000. This listing's school district is Scotts Valley Unified School District. Nearby schools include Vine Hill Elementary School, Scotts Valley Middle School and Scotts Valley High School. 52 Terrace View Drive is a 0-bed, 0-bath, 3,052 sqft multi-family home built in 1972.

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 Redwood Property Company, Joe Budka, DRE #01913402

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.