This exceptional 43,404 square foot lot, located at 4150 Soquel Drive in Soquel, California (zip code 95073), presents a compelling redevelopment opportunity. Currently operating as a 100% occupied mobile home park, the property boasts 23 units spread across 20 buildings, all single-story structures. The asking price is $3,400,000, translating to approximately $78 per square foot. The property's APN is 030-131-03, and it is individually owned. The total square footage of the land is 43,404 square feet, with a net rentable square footage of 1 (this likely refers to a separate calculation not provided). The property is classified as Class D and falls under the RM-3-MH permitted zoning. Situated in Santa Cruz County's 1st District, this distressed sale offers significant potential for investors seeking a high-density redevelopment project. The general plan designates the area as R-UH. This is a rare chance to acquire a substantial parcel in a desirable location with significant upside potential. The property's current configuration as a mobile home park provides immediate cash flow while allowing for future development plans. Serious inquiries only.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$723,492
6.5%
$667,839
7%
$620,136
Comparable approach
Method
Valuation
Relative Method
$574,332
Geo Method
$574,332
Alternative Use
Use
Valuation
Industrial / Distribution
$1,033,890
Retail / Commercial
$540,284
Mixed-Use / Specialty
$546,323
Hospitality / Lodging
$411,190
Office
$551,374
Institutional / Educational
$570,803
Multifamily
$756,812
Automotive / Energy
$489,259
Parking / Income-Based Land
$160,968
Restaurant / Food Service
$301,146
Healthcare / Senior Housing
$552,076
Location Insight
City
Soquel
County
Santa Cruz
State
California
Latitude
36.9872
Longitude
-121.963
CBSA code
42100
CBSA name
SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA
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Soquel Dr Soquel, CA 95073
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Soquel Dr Soquel, CA 95073
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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