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4602 Scotts Valley Dr 8 Unit Apartment Building $3,785,458 CAD ($473,182 CAD/Unit) 5.59% Cap Rate Scotts Valley, CA 95066
Investment Highlights
- Prime Scotts Valley location with strong rental demand
- Large 1/2+ acre lot with development potential (buyer to verify)
- Value-add opportunity with upside in rents
- Well-maintained units with parking, creek setting, and added laundry income
Executive Summary
Fantastic investment opportunity in a prime Scotts Valley location. Solid go in return, with both upside in rents to bring legacy tenants to market, as well as a large (over 1/2 acre) lot for potential additional development (buyer to investigate and confirm). CS zoning allows many permitted uses. Just take a look at what else is happening currently on Scotts Valley Dr. These units are set back off SV Dr., are quiet, well cared for, and desirable to rent and own. Current configuration allows for lots of parking, and rear units back onto the seasonal creek with an outside common BBQ area. The laundry room produces additional income for the owner and convenience for tenants. Coveted location near all services, shopping, parks, and easy for commuters going to Santa Cruz or Silicon Valley. Contingent upon the seller closing escrow on the upleg replacement property already in escrow. Giddy up!
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
| Price | $3,785,458 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $473,182 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.56 AC |
| Cap Rate | 5.59% | Building Size | 4,536 SF |
| Gross Rent Multiplier | 12.86 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1981 |
| Property Type | Multifamily | Parking Ratio | 3.09/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | CS | ||
| Price | $3,785,458 CAD |
| Price Per Unit | $473,182 CAD |
| Sale Type | Investment |
| Cap Rate | 5.59% |
| Gross Rent Multiplier | 12.86 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 4,536 SF |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 3.09/1,000 SF |
| Zoning | CS |
Amenities
Site Amenities
- Laundry Facilities
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+1 | 7 | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 022-491-12-000 | Total Assessment | $2,729,733 CAD |
| Land Assessment | $1,828,094 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $901,640 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
022-491-12-000
Land Assessment
$1,828,094 CAD
Improvements Assessment
$901,640 CAD
Total Assessment
$2,729,733 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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4602 Scotts Valley Dr
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