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3000 Crystal Heights Drive, Soquel, California 95073, Soquel, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$1,899,000
3000 Crystal Heights Drive, Soquel, California 95073
5Beds
6Baths
3,320Sqft
13,242Lot
Year Built
1975
Close
-
List price
$1.9M
Original List price
$1.9M
Price/Sqft
-
HOA
-
Days on market
22 Days
Sold On
2023-08-10
MLS number
ML81935500
Home ConditionFair
Features
Deck
ViewNone

About this home

Rare opportunity! Discover this meticulously maintained Soquel triplex, generously priced below its recent appraisal. Located in a residential neighborhood, this property boasts two 2-bedroom, 2-bathroom units, along with a spacious 3-bedroom, 2-bathroom unit. Each unit offers the convenience of inside laundry facilities. The beautifully landscaped grounds and private backyards create an ambiance akin to single-family homes. With covered parking and additional storage, this triplex provides all the essential amenities. Situated near freeway access, shopping centers, delectable restaurants, and popular beaches, the location is truly unbeatable. Whether you're an investor seeking a lucrative opportunity or a family looking for a delightful compound, this triplex is an excellent choice.

Price History

Date
Event
Price
07/19/23
Listing
$1,899,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (30 Listings)
Beds53
97%
Baths63
97%
Square foot3,3201,892
90%
Lot Size13,24213,242
50%
Price$1.9M$1.58M
77%
Price per square foot$572$807
13%
Built year19751975
50%
HOA
Days on market841146
97%
Condition Rating
Fair
Built in 1975, this triplex is described as 'meticulously maintained' and appears clean and functional. However, the interior images, particularly of the kitchens, show very dated cabinetry, appliances, and light fixtures, indicating no significant renovations in these key areas for many decades. While some bathrooms appear to have had updates, their style suggests these were done 15-30 years ago, not recently. The property is aged and well-kept but clearly shows signs of being outdated, requiring cosmetic and functional updates to meet current standards, especially in the kitchens.
Pros & Cons

Pros

Multi-Unit Income Potential: The property is a meticulously maintained triplex with two 2-bedroom, 2-bathroom units and one spacious 3-bedroom, 2-bathroom unit, offering significant rental income potential for investors or multi-generational living.
Strong Value Proposition: Generously priced below its recent appraisal, this property presents an immediate equity opportunity and favorable value for buyers.
Prime Location: Situated in an unbeatable location near freeway access, shopping centers, diverse restaurants, and popular beaches, enhancing its desirability and tenant appeal.
Desirable Unit Amenities: Each unit features convenient inside laundry facilities, complemented by covered parking and additional storage, providing essential amenities for residents.
Single-Family Home Ambiance: The beautifully landscaped grounds and private backyards create an inviting ambiance akin to single-family homes, contributing to tenant satisfaction and property appeal.

Cons

Property Age: Built in 1975, the property's age may imply older systems (e.g., plumbing, electrical, HVAC) that could necessitate future upgrades or increased maintenance costs.
Increased Management Complexity: As a triplex, the property requires more active management and coordination for maintenance, repairs, and tenant relations compared to a single-family residence.
Lack of Specific Premium Views: While the property has a view, the 'view' field specifies 'None' and the description does not highlight any specific desirable views, potentially limiting its premium pricing compared to properties with ocean or city vistas.

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