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294 Covered Bridge Rd 6 Unit Mobile Home Park $2,123,500 CAD ($353,917 CAD/Unit) 7.04% Cap Rate Felton, CA 95018
Investment Highlights
- Rare 6-plex opportunity with strong income potential
- Mix of units (studios to 3BR), each with private fenced yard
- Prime location near Covered Bridge Park & downtown Felton
- Ideal for investors or owner-occupants—live in one, rent the rest
Executive Summary
Six individual houses for the price of one in Santa Cruz. Fantastic location adjacent to Covered Bridge Park, within walking distance to downtown Felton. Easy stroll to Felton Music Hall, New Leaf, the equestrian center, and more. Close to Roaring Camp and Henry Cowell Redwoods, and less than a 10-minute drive to downtown Santa Cruz or Scotts Valley.
There are three studios, a 1-bedroom, a 2-bedroom, and a 3-bedroom. Each unit has a private fenced yard. The versatility of the units makes this ideal for buyers seeking a solid investment return, living in one while renting the others, or creating a community compound.
The property has been well-maintained by the current owner. Contingent upon the successful close of escrow of the seller’s upleg replacement property, which is already in escrow.
There are three studios, a 1-bedroom, a 2-bedroom, and a 3-bedroom. Each unit has a private fenced yard. The versatility of the units makes this ideal for buyers seeking a solid investment return, living in one while renting the others, or creating a community compound.
The property has been well-maintained by the current owner. Contingent upon the successful close of escrow of the seller’s upleg replacement property, which is already in escrow.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Yard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 300 |
| 1+1 | 1 | - | 414 |
| 2+1 | 1 | - | 679 |
| 3+1 | 1 | - | 980 |
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
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294 Covered Bridge Rd
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