Ben Lomond CA Multi Family for Sale
$2,700,000
140 Hillside Avenue Ben Lomond, CA 95005
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.53 Acres
- Year built:
- 1922
- Baths:
- MLS#:
- ML81984537
View additional info
Courtesy: Room Real Estate
ADDITIONAL INFORMATION
Multi-Family Income Property Along the San Lorenzo River in the Beautiful Redwoods of Ben Lomond, CA Nestled 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 There is only one unit currently vacant and being updated. 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. 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!
- Type:
- Mixed Use
- Sq.Ft.:
- 1,451
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.22 Acres
- Year built:
- 1935
- Baths:
- MLS#:
- ML81897545
ADDITIONAL INFORMATION
Opportunity knocks! 2 homes, abundant parking, your mountain retreat awaits. Misty mornings will be spent watching the sunrise as the birds sing softly filling the air w/ harmony. Manicured redwood grove balances the full sun green-garden beds on either side of each home. Main house boasts 3 decks for dining alfresco w/ friends on breezy summer days. Dining room solarium frames the majesty of the forest w/ mountain peaks in the distance, bringing natural light to bath the interior w/ warmth. Open floor plan allows for easy living, w/ a loft bedroom, 2nd bedroom+ the downstairs basement could become a 3rd bedroom. 2nd unit w/ charming details throughout: stained glass front door, whimsical enclosed porch & don't forget the extra large French windows off the living room to bring in fresh air. Close to Highlands County Park, hiking trails, creek swimming, tennis and more, 5 minutes to Ben Lomond and Felton Amenities, 10 miles to Santa Cruz beaches & a quick commute to Silicon Valley.
Ben Lomond Real Estate
The median home value in Ben Lomond, CA is $800,000. This is lower than the county median home value of $1,058,000. The national median home value is $338,100. The average price of homes sold in Ben Lomond, CA is $800,000. Approximately 62.86% of Ben Lomond homes are owned, compared to 31.91% rented, while 5.23% are vacant. Ben Lomond real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Ben Lomond real estate agent to arrange a tour today!
Ben Lomond, California has a population of 7,528. Ben Lomond is less family-centric than the surrounding county with 24.42% of the households containing married families with children. The county average for households married with children is 30.25%.
The median household income in Ben Lomond, California is $104,107. The median household income for the surrounding county is $96,093 compared to the national median of $69,021. The median age of people living in Ben Lomond is 43.6 years.
Ben Lomond Weather
The average high temperature in July is 82.1 degrees, with an average low temperature in January of 38.8 degrees. The average rainfall is approximately 36.4 inches per year, with 0 inches of snow per year.