4150 Soquel DrSoquel, CA 95073

Property Details for 4150 Soquel Dr

Year built

1900

Construction

WOOD

Lot size

1.00 AC

Property size (Sq ft)

1,760 SF

Zone code

RM-3-MH

Property type

Residential income properties

Property subtype

Mobile home & RV parks

APN

030-131-03

APU

3013103

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $653,540

  6.5%

  $603,268

  7%

  $560,177

• Comparable approach

  Method

  Valuation

  Relative Method

  $760,866

  Geo Method

  $760,866

• Alternative Use

  Use

  Valuation

  Residential

  $603,268

  Hospitality

  $552,590

  Educational

  $459,748

  Medical

  $475,560

  Retail

  $715,164

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

Property Tax & Assessments

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