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140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
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140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
140 Hillside AVE
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140 Hillside AVE
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140 Hillside AVE
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140 Hillside AVE
VIEW PHOTOS
$2,700,000

140 Hillside AVE

5,111 Sq.Ft.

Description

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!

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Location

140 Hillside AVE, BEN LOMOND, CA 95005

Status

For Sale

Ben Lomond

Property Amenities

Interior
Appliances Dishwasher, Refrigerator, Oven, Range, Disposal
Flooring Tile
Other Interior Features Tile
Area & Lot
Lot Area 1.53 Acres
Living area 5,111 Sq.Ft.
MLS® ID ML81984537
Year Built 1922
School District San Lorenzo Valley Unified
High School San Lorenzo Valley High School
Middle School San Lorenzo Valley Middle
Elementary School San Lorenzo Valley Elementary
Type Multi-Family
Status For Sale
Exterior
Heat type Natural Gas
Water Source Public
Garage Space 3.0
Sewer Septic Tank
Parking Off Street
Roof Composition
Finance
Sales Price $2,700,000
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 140 Hillside AVE, BEN LOMOND, CA 95005. We are reviewing your request and will be in touch shortly!

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