430 Tabor Drive, Scotts Valley, California 95066, Scotts Valley, - bed, bath

home-pic
ACTIVE$1,400,000
430 Tabor Drive, Scotts Valley, California 95066
0Bed
0Bath
2,600Sqft
12,197Lot
Year Built
1964
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81992895
Home ConditionPoor
Features
Good View:
Deck
View-

About this home

Calling all visionaries and savvy investors! This four-unit on two parcels in prime Scotts Valley is the perfect project to unlock your potential. Located near schools and with an unbeatable commute, this property offers both convenience and opportunity. The main house boasts 4 bedrooms, 2 bathrooms, and hardwood floors, with the primary bedroom on the main level for easy living. Imagine waking up to expansive valley views while the other three units generate income to cover your mortgage. Whether you want to live in one unit and rent the rest or fully maximize its earning potential, this property is a goldmine waiting for your touch. Don't wait to transform this diamond in the rough into your next success story! Schedule a showing today and make your move!

Price History

Date
Event
Price
02/05/25
Listing
$1,400,000
Condition Rating
Poor

The property was built in 1964, making it 60 years old. The MLS description explicitly markets it as a 'perfect project to unlock your potential' and a 'diamond in the rough,' indicating that it requires substantial renovation and rehabilitation. While no interior images of the kitchen or bathrooms are provided, the age of the property combined with the marketing language strongly suggests that major systems, finishes, and overall condition are outdated and likely require significant investment to meet current standards. This aligns with the 'Poor' condition criteria, which describes properties requiring substantial repairs and rehabilitation, often due to age and lack of recent major renovations. It is not a tear-down as it is still described as a multi-unit property with a main house, implying it is not beyond repair, but rather a significant undertaking.
Pros & Cons

Pros

Multi-Unit Income Potential: This rare four-unit property offers significant income generation potential, allowing for owner-occupancy with rental income or full investment maximization.
Prime Scotts Valley Location: Situated in a highly desirable Scotts Valley area, offering excellent proximity to schools and an unbeatable commute, enhancing tenant appeal and property value.
Significant Value-Add Opportunity: Explicitly marketed as a 'perfect project' and 'goldmine waiting for your touch,' it presents a substantial opportunity for investors to increase value through renovation and strategic management.
Expansive Valley Views: The main house boasts expansive valley views, providing a desirable aesthetic and lifestyle amenity that can command higher rents or owner appeal.
Two Separate Parcels: The property is comprised of four units across two distinct parcels, offering unique flexibility for future development, potential subdivision, or separate asset management.

Cons

Requires Extensive Renovation: Described as a 'diamond in the rough' and a 'project,' indicating that significant capital investment and renovation work will be necessary to modernize the units and maximize their potential.
Older Property (1964 Build): Built in 1964, the property is likely to have outdated systems, finishes, and deferred maintenance across all units, necessitating substantial upgrades to meet current market expectations and tenant demands.
Limited Unit Detail & Condition: While a four-unit, detailed information on the condition, size, and specific layouts of the three income-generating units is not provided, creating uncertainty for potential investors regarding immediate rental readiness and required improvements.

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