10040 Highway 9Ben Lomond, CA 95005

Description

Nestled among the towering redwoods of the San Lorenzo Valley, this 8-unit multifamily property has excellent rental history with low vacancy, appealing to long-term tenants, and offers the fundamentals a thoughtful investor looks for: high occupancy, high income potential, and a desirable location for easy access to highways and public transportation. Versatility of units makes this great for buyers searching for solid investment return: live in one, rent the others, or a community compound. Property has been well-maintained by the current owner. Set on a bright and sunny flat lot with one new roof, repairs, and painting completed in 2026. The property features a mix of 1- and 2-bed cottages, two 2-bed apartments, 3 studio apartments, and a 3-bed/2-bath house, with inviting front porches, vibrant exterior finishes, and a peaceful, community-oriented layout that tenants love, with the opportunity to create a large raised-bed garden. Additional highlights include on-site parking for all units and a large garage for storage and extra income potential. With the flexible unit mix and upside potential, this is an exceptional opportunity for investors seeking immediate cash flow and long-term appreciation in one of the most desirable and supply-constrained rental markets in CA.

Property Information

Property type

Commercial Sale

Year built

1950

Building area

4,178 Sq Ft

Lot size

0.71 acres

Parking spaces

10

Zoning

R-1-15

Days on market

101

MLS^® Listing#

ML82055141

Property Features

Cooling

None

Heating

Central · Wall Furnace

Roof

Shingle

Water source

Public

Schools

Elementary

Other

Middle

Other

High

Other

Financial Details

Annual taxes

$14,262

Parcel number

07808312000

Directions

North on State Route 9 from Santa Cruz to Ben Lomond, just past the downtown area, on the right-hand side, at the corner of Jacobson Lane. Cross Street: Jacobson Lane