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$2,399,000

10040 Highway 9

Ben Lomond, CA 95005

Active

4,178

Sq. Ft.

1950

Year Built

Santa Cruz

County

MixedUse

Property Type

About this home

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.

Listed by Sage Goncharoff · DRE #02023630 · Action Properties Inc

MLS #1192915278

ListedOct 13, 2026

Property Details

Architecture

Stories1

StyleCottage

Total UnitsN/A

RoofShingle

Garage Spaces0

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringLaminate, Tile

CoolingNone

HeatingWall Furnace

FireplaceN/A

LaundryN/A

Parking FeaturesOff Street

Parking Total10

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size0.71 ac

Lot FeaturesN/A

ViewTrees Woods

DirectionsNorth 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

Community

Area699 - Not Defined

School DistrictOther

Tax & Financial

TermsN/A

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

Request a Tour

Mortgage Estimate

$12,768/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 5:30 PM

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