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$1,099,998

For Sale - Active
2107 Chanticleer Ave, Santa Cruz, CA 95062
3 Beds
2 Baths
1,429 Square Feet
0.15 Acres Lot
Built in 1963
For Sale - Active
1 Units
Checked: 2 days ago
Updated: Jul 25, 2025 at 06:04AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$2,181
Cap Rate
3.7%
Cash-on-Cash Return
-10.3%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.0%

Property Description


0.15 Acres Lot
Built in 1963
For Sale - Active
1 Units

Investor Alert! Prime Opportunity in Desirable Live Oak Neighborhood! Tucked into a peaceful, well-established area, this 3-bedroom, 2-bath home offers 1,429 sq ft of comfortable living space on a generous lot with great potential for investors or savvy buyers. Built in 1963, this property features solid bones and thoughtful updates, including a spacious living room with a cozy fireplace and large windows that flood the home with natural light. The kitchen is functional and ready to use, yet offers an excellent opportunity for cosmetic updates or a full redesign to boost value. Just a short walk to Chanticleer County Park and LEOs Haven Santa Cruz Countys first inclusive playground this home is also close to shops, dining, beaches, and the world-class surf at Steamer Lane. Spend weekends at the Boardwalk, stroll the Wharf, or hike among redwoods at Henry Cowell State Park. Located in the sought-after Live Oak School District, zoned for Live Oak Elementary (a California Distinguished School), Shoreline Middle, and Harbor High. Whether you're flipping, renting, or settling inthis home offers strong upside in one of Santa Cruz Countys most accessible coastal communities.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • Fireplace: Yes

Exterior Features

  • Foundation: Other

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 02904121
  • Lot Size: 6665 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1963

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Other
  • Heating: Forced Air
  • Cooling: Central Air

Location

  • County: Santa Cruz

Listing Details


Listed by:
Julie Stacey
KW Thrive Santa Cruz
(831) 999-0912

Source:
bridgeMLS
MLS#: ML82012137
bridgeMLS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$2,181
Cap Rate
3.7%
Cash-on-Cash Return
-10.3%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.0%

Purchase Details

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Purchase price:
$1,099,998
Amount financed:
-$879,998
Down payment:
$220,000
Closing costs:
$33,000
Rehab costs:
$0
Initial cash invested:
$253,000
Square feet:
1,429
Cost per square foot:
$770
Monthly rent per square foot:
$3.43

Financing Details

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Loan amount:
$879,998
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$5,562
Property tax:
$0
Insurance:
$343
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,905

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,900 $58,800
Vacancy loss: (6%)
6% -$294 -$3,528
Operating income:
$4,606 $55,272

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$343-$4,116
Property management: (8%)
8%-$392-$4,704
Repairs & maintenance: (5%)
5%-$245-$2,940
Capital expenditures: (5%)
5%-$245-$2,940
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$1,225-$14,700

Cash Flow


Monthly Yearly
Net operating income:
$3,381 $40,572
Mortgage payments:
-$5,562 -$66,744
Cash flow:
$2,181 $26,172