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509 Leibrandt Avenue

Santa Cruz, CA 95060
  • $1,587,000
  • STATUS: Active Under Contract
  • ON SITE: 61 Days
  • ID#: ML82024779
Under Contract
UPDATED: 75 min ago
$1,587,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,964
    SQFT
  • $535
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

School District:
Listing Agent(s): Amy Kroeger of Christie's International Real Estate Sereno ((831) 460-1100) and Terri Mayall of Christie's International Real Estate Sereno((831) 460-1100)


Description

Fantastic 4-Plex in Beach Hill. This is a wonderful multi-family investment opportunity in a prime beach neighborhood. Building has value add and upside rent potential, including a scheduled rent increase for Jan 2026. Unit #1 is intentionally left vacant, giving buyers the unique opportunity to tour a unit without any tenant coordination. The other three units are fully rented making this property both easy-to-view and an income-generating investment. 3 of the units are 2BD, 1BA and one unit is 1BD, 1BA. Parking area and small storage area for each unit and coin-op laundry. Walk to downtown Santa Cruz, The Boardwalk, and wharf, plus access to some of the best beaches in Santa Cruz County. Easy access to commute routes and UCSC. Great location to enjoy all that Santa Cruz has to offer!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-15T21:27:47.783. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/168887501
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509 Leibrandt Avenue Santa Cruz, CA 95060

  • Price: $1,587,000
  • Status: Active Under Contract
  • On Site: 61 Days
  • Updated: 75 min ago
  • ID#: ML82024779
0
Beds
0
Baths
0
½ Baths
0.09
Acres
2,964
SQFT
$535
$/SQFT
1965
Built
Neighborhood:
699 - Not Defined
County:
Santa Cruz
Area:
699 - Not Defined
School District:
Other
Property Description
Fantastic 4-Plex in Beach Hill. This is a wonderful multi-family investment opportunity in a prime beach neighborhood. Building has value add and upside rent potential, including a scheduled rent increase for Jan 2026. Unit #1 is intentionally left vacant, giving buyers the unique opportunity to tour a unit without any tenant coordination. The other three units are fully rented making this property both easy-to-view and an income-generating investment. 3 of the units are 2BD, 1BA and one unit is 1BD, 1BA. Parking area and small storage area for each unit and coin-op laundry. Walk to downtown Santa Cruz, The Boardwalk, and wharf, plus access to some of the best beaches in Santa Cruz County. Easy access to commute routes and UCSC. Great location to enjoy all that Santa Cruz has to offer!
Exterior Features

Carport Spaces 3 Carport YN Yes Parking Total 1 Roof Other View YN No

Interior Features

Accessibility Features Other Cooling None Cooling YN Yes Heating YN Yes

Property Features

Association YN No Cap Rate 4.51 Garage YN No Gross Scheduled Income 106650 Insurance Expense 4350 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 0 Other Expense 960 Property Sub Type Quadruplex Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 20137 Trash Expense 0 Water Source Public Zoning Multi-Family Residential



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-15T21:27:47.783. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Independent Broker Network
1148 N. Chinowth Suite A
Visalia CA, 93291
Listing Agent(s): Amy Kroeger of Christie's International Real Estate Sereno ((831) 460-1100) and Terri Mayall of Christie's International Real Estate Sereno((831) 460-1100)