$1,958,800
Unique Multi-Unit Redwood Retreat with Income Potential Nestled among towering redwood trees and just minutes from the coast, this versatile property offers multiple living spaces, income potential, and room to expand on ±0.61 acres. Conveniently located near Highways 1, 9, and 17, the property is only 6 miles from the Santa Cruz Boardwalk, making it ideal for full-time living, rental income, or flexible live-work setup. The historical property boasts approximately 3,320 sqft. The upstairs unit, being about 1,200sqft, features 3 full bedrooms plus a loft, washer and dryer, and a private entrance which was previously rented for $3,450/mo, needless to say, plenty of opportunity for rental income. The downstairs unit, being about 2,120sqft, with its own separate entrance, is currently operated as a successful Airbnb that generates on average about $4,000-$5,000/mo. It includes 4 bedrooms, with one converted into an office and the primary bedroom expanded to include a walk-in closet. An additional smaller bedroom provides flexible space. The property also includes a detached cottage with a new roof, currently used for storage but offering potential to convert back to an ADU if the septic system is reactivated. Recent improvements include brand-new flooring and new attic insulation, while a spacious concrete circular driveway, carport, and ±450 sqft storage space provide ample functionality. The grounds feature an abundance of fruit trees and plants, including oranges, lemons, grapes, persimmons, pomegranate, plum, olives, apples, walnuts and wild berries. With NO HOA, multiple living spaces, and plenty of land for expansion or speak with the county regarding an additional ADU, this unique redwood rental offers incredible flexibility for homeowners, multi-generational living or investors. Great opportunity for B&B, wedding venue, yoga studio, etc. Appliances included and furniture available for purchase. A definite MUST-SEE, will consider all offers!
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Listed by Ilnaz Patrick with Rigel Capital (760) 813-3777
Property Type
Single Family Residence
Status
Active
MLS Number
HD26054809
Year Built
1917
Lot Size
0.61 acres